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Carnival Corporation (NYSE:CCL) stock rose sharply on Tuesday after the cruise line announced a surge in bookings after it dropped certain testing and vaccine requirements.
The cruise operator said that booking activity for Monday, Aug. 15 was nearly double the level for the equivalent day in 2019 after the company dropped certain COVID-driven restrictions and testing requirements. Namely, pre-cruise testing requirements for vaccinated guests were dropped while unvaccinated guests now will only need to show a negative test result at embarkation as of September 6.
“With the further alignment of protocols to other vacation choices, our guests are booking the remaining 2022 inventory, and getting a head start planning for 2023,” Christine Duffy, president of Carnival Cruise Line, said. “Mid-August is typically not a busy month for cruise bookings, but it’s clear that pent-up demand for Carnival has not been satisfied and guests are responding very favorably to our updated protocols.”
Shares rose 3.27% in afternoon trading on Tuesday, rocketing from a dip into the red after the day’s market open.
Read more on the testing requirement changes made effective already this month.
Image and article originally from seekingalpha.com. Read the original article here.