After two strong years, cruise line stocks have seen significant declines in 2025, with major operators down 29%, 17%, and 35%. The industry faces challenges from trade tensions and inflation, but the author remains optimistic, viewing the downturn as a buying opportunity, particularly in stocks like Carnival Corp., Viking Holdings, and OneSpa World. Carnival recently reported an 8% revenue increase and strong booking trends, while Viking shows resilience with a solid booking for 2025, and OneSpa World focuses on wellness services across various resorts and cruise lines.
