The "2023 Cruise Industry Status" report released by the International Cruise Association shows that approximately 31.5 million tourists worldwide took cruise ships in 2023, which is 106% of 2019. Carnival Cruise stated in its previously disclosed quarterly report that its business has returned to pre pandemic levels. Goldman Sachs believes that there is still room for improvement in the impressive performance of cruise operators over the past year. Lizzie Dove, an analyst who recommended buying Carnival Cruises and Royal Caribbean Cruises, remains optimistic about the development prospects of Carnival Cruises this year. Meanwhile, she believes that Carnival cruise ships should have a lower stock price than their peers due to their high leverage and execution risk, but such a low price may not be necessary.