Carnival's revenue is down 71% since the pandemic.
Royal Caribbean revenue is down 77% since the pandemic.
Meanwhile, every other travel company is hot hot hot because there is a pent-up demand for traveling.
Bookings Holdings revenue is down just 12% since the pandemic.
Airbnb says their bookings are higher than pre-pandemic now.
Disney land revenue is hitting records in many parks.
So what's going on with cruise stocks? Why are they still so far off from the peak? Why hasn't the pent-up demand for travel applied to cruises?
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