Is Lindblad Expeditions Holdings (LIND) Among the Best Cruise Stocks to Buy According to Hedge Funds?
From Yahoo Finance: 2025-04-09 12:08:00
2024 was a record year for Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND), with revenues growing by 13% to $645 million. The company’s Land segment reported a 29% revenue growth, while its Lindblad segment’s tour revenue rose 7%. This growth was attributed to improvement across all key metrics for the company.
Exane BNP Paribas analysts expressed bullish sentiments on the cruise industry, anticipating cruise net yields to rise steadily in 2025 and 2026. The positive outlook was attributed to strong demand and new revenue drivers like private islands, allowing cruise lines to upsell guests on experiences at around $125 per day per person.
The cruise industry is on the path to recovery post-COVID, with an anticipated 6% growth in passengers over 2019. Millennials and Gen X travelers are increasingly considering cruise vacations, contributing to the industry’s growth. The global cruise market is expected to grow at a CAGR of 11.5% between 2023 and 2030 due to rising popularity among younger demographics.
In 2024, major cruise lines globally benefitted from a successful wave season, with projected growth expected to surpass pre-COVID levels. An optimistic outlook for the cruise industry post-pandemic includes market share gains and new customer acquisitions. The industry is expected to see more earnings growth due to rising demand and limited supply growth.