CRUZ

ETF Series Solutions Trust - Defiance Hotel, Airline, and Cruise ETF

The hotel chain, which also operates Sheraton, Courtyard, and Ritz-Carlton, reported a 10% decline in room nights booked by U.S. government agencies.

Despite Norwegian Cruise Line’s underperformance relative to the broader market over the past year, Wall Street analysts maintain a moderately bullish outlook about the stock’s prospects.

"This raise incorporates our increased first-quarter yield results and reduced interest expense thanks to our recent successful refinancings," CEO Josh Weinstein said.

Cruise operators, including Carnival, Royal Caribbean Group (RCL), and Norwegian Cruise Line Holdings (NCLH), reported broadly strong revenue and profit growth last year, driven by robust demand and higher pricing.

Royal Caribbean Cruises has been experiencing solid business momentum and has outpaced the broader market by a large margin. Observing this trend, analysts remain strongly bullish on the stock’s prospects.

Norwegian Cruise Line has outperformed the broader market over the past year, and analysts are moderately optimistic about the stock’s prospects.

Barclays noted that while the Q3 results didn’t meet all expectations, strong demand and positive commentary keep Carnival’s 2025 outlook intact.