Carnival Corp (CCL.N) shares are up 120% year to date, while shares of Royal Caribbean Cruises have more than doubled and Norwegian Cruise Line Holdings (NCLH.N) shares have gained 72%.

A total of 365 deals (mergers & acquisitions, private equity, and venture financing deals) were announced in the travel and tourism sector globally during the first half (H1) of 2023, which was a decline of 38.8% compared to 596 deals announced during the same period in the previous year, reveals GlobalData, a leading data and analytics company.