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Royal Caribbean Sets Sights on $2 Trillion Vacation Market With Sandals Investment

BenzingaAkanksha Bakshi

Royal Caribbean buys 50% stake in Sandals Resorts for $3B. Premarket RCL stock ticks up as joint venture targets 2027 closing.

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    The No. 1 Reason to Buy Royal Caribbean Stock in November

    Royal Caribbean enters November with strong momentum following beat-and-raise earnings results and a 50% acquisition stake in Sandals and Beaches resorts. Trading at 17x current year earnings and 15x next year's profit target, the stock offers an attractive valuation for a market leader in the expanding cruise industry, supported by strong future bookings and a 1.79% dividend yield.