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Royal Caribbean Surges, COO Says Europe a 'Favorable Environment'

TheStreet

From the introduction of a “smartship” to celebrity-chef inspired restaurants, the cruise line industry is experiencing a big-time reinvention. After years of battling with highly promoted ticket prices, cruise line operators such as Royal Caribbean Cruises and Norwegian Cruise Lines have invested in new ships that boast upgraded amenities for dining and entertainment. The investments appear to be paying early dividends. Shares of Royal Caribbean Cruises and Norwegian Cruise Lines have handily outperformed the Dow Jones Industry Average and S&P 500 in the past year. With the introduction of its first “smartship” coming in the fourth quarter of this year, and its stock price surging, Brian Sozzi sits down with Royal Caribbean Cruises’ president & COO Adam Goldstein to discuss the new vessel and the financial state of the company.