On paper, Norwegian Cruise Line (NYSE:NCLH) doesn’t exactly convey confidence. With the consumer economy facing various headwinds – predominantly stubbornly-high inflation – people could easily cut back on travel expenses. However, Norwegian can still sail to upside despite economic vagaries thanks largely to robust demand. Therefore, I am cautiously bullish on NCLH stock.
NCLH Stock Benefits from Rising Industry Interest
At the start of the COVID-19 pandemic, few vacationers wanted anything to do with cruise ships. Indeed, the industry represented the poster child of what could disastrously go wrong due to the public health crisis. However, following fading fears and reduced restrictions, consumers can’t get enough of the value-for-dollar proposition of cruises. Better yet, the sector continues to attract intense interest, bolstering NCLH stock.
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