The July Fourth holiday was a record-breaking period for travel, taking a sledgehammer to the notion that consumers are beginning to pull back on travel spending, Callum Keown writes in this week’s edition of Barron’s. Cruise-line stocks – Royal Caribbean (RCL), Carnival (CCL) and Norwegian Cruise Line (NCLH) — have led the travel industry’s march higher in 2023, partly because of the industry’s inherent international focus, the publication notes. Airline stocks have also been on a hot streak, despite an apparent weakening in domestic ticket prices. United Airlines (UAL), Delta Air Lines (DAL), and American Airlines (AAL) have the greatest international exposure, and all have outperformed, the author adds.
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