Royal Caribbean ramps up hiring amid record cruise demand
Royal Caribbean Group (RCL) is significantly expanding its workforce in response to unprecedented demand for cruises. The cruise operator is currently discussing with various countries to recruit thousands of new employees for its ships and private destinations. This year, the company aims to hire approximately 10,000 workers, with plans for an additional 10,000 next year to support the launch of three new ships.
Despite a 6% reduction in maritime staff in 2023, Royal Caribbean's onshore headcount has increased by 17%, highlighting a clear need for more personnel. This staffing strategy coincides with a surge in bookings, which reached record levels in Q1, contributing to a notable rise in revenue and share price.
Exploring potential trading opportunities, here is a technical analysis of Royal Caribbean Group (NYSE: RCL):
On the Daily (D1) timeframe, the stock shows a resistance level at 143.60 USD and support at 127.10 USD. The stock has been in a global uptrend since July 2022, suggesting room for further growth. If the trend changes, the downside target could be around 116.50 USD.
If the price breaks through the resistance at 143.60 USD, a short-term target could be 150.00 USD. From a medium-term perspective, it could reach 162.00 USD.
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Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.88% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Despite a 6% reduction in maritime staff in 2023, Royal Caribbean's onshore headcount has increased by 17%, highlighting a clear need for more personnel. This staffing strategy coincides with a surge in bookings, which reached record levels in Q1, contributing to a notable rise in revenue and share price.
Exploring potential trading opportunities, here is a technical analysis of Royal Caribbean Group (NYSE: RCL):
On the Daily (D1) timeframe, the stock shows a resistance level at 143.60 USD and support at 127.10 USD. The stock has been in a global uptrend since July 2022, suggesting room for further growth. If the trend changes, the downside target could be around 116.50 USD.
If the price breaks through the resistance at 143.60 USD, a short-term target could be 150.00 USD. From a medium-term perspective, it could reach 162.00 USD.
—
Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.88% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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