Goldman Sachs’ Top Growth Investors: 34 Stocks With The Highest Investment For Growth

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30. Royal Caribbean Cruises Ltd. (NYSE:RCL)

Growth Investment Ratio: 73%

Number of Hedge Fund Holders: 48

Royal Caribbean Cruises Ltd. (NYSE:RCL) is one of the largest cruise ship operators in the US. After the cruise and broader global travel industry was dealt a near-death blow by the coronavirus pandemic, the firm has been on a steady path to recovery. Royal Caribbean Cruises Ltd. (NYSE:RCL) has been seeing booming demand for its products. This was evident in the firm’s third quarter which saw it grow revenue by 17.8% to $4.9 billion. During the quarter, Royal Caribbean Cruises Ltd. (NYSE:RCL)’s load factor, which measures its ship capacity utilization, was an impressive 111%. This indicated that the demand for its products is greater than the firm’s ship inventory. Royal Caribbean Cruises Ltd. (NYSE:RCL) is also aggressively targeting future growth. The firm is developing resorts to expand revenue streams, and its high load factors create the opportunity to charge higher prices and boost margins.

During the Q3 2024 earnings call, Royal Caribbean Cruises Ltd. (NYSE:RCL)’s management shared details about its new resorts. Here is what they said:

“During the quarter, we also announced two exciting expansions of our private destinations portfolio with the incredible Perfect Day Mexico opening in 2027 and Silversea’s new hotel in Puerto Williams, Chile opening in the winter for the 2025-2026 Antarctica season. I want to thank the entire Royal Caribbean Group team for their passion, dedication, and commitment that enables us to deliver the best vacation experiences responsibly and to drive exceptional financial results. These strong financial results and the achievement of our Trifecta financial goals 18 months ahead of schedule are truly just the beginning for us. With our industry-leading global brands, the most innovative fleet and private destinations and the best people, we remain focused on winning a greater share of the $1.9 trillion vacation market.”

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