The cruise industry produced winners and losers in the stock market in 1999.
The combined value of one share in each of the companies publicly traded in the United States was $167.01 at the market’s closing on Dec. 31, 1999, compared to $174.41 on December 31, 1998.
The biggest winner was American Classic Voyages whose share value grew from $17.625 in 1998 to $35.00 in 1999, followed by Royal Caribbean International, which saw the value of its common stock grow from $37.00 per share in 1998 to $49.313 in 1999.
The biggest loser, however, was Travel Services International, also known as The Travel Company, which saw its share value fall to $9.125 on Dec. 31, 1999, compared to $30.50 on Dec. 31, 1998.
| Share prices | 12/31/98 | 12/31/99 |
| AMCV | $17.64 | $35.00 |
| Carnival | 48.00 | 47.81 |
| Commodore | 5.89 | 4.19 |
| NCL | (16.81) | |
| ROC | 3.38 | 4.88 |
| RCI | 37.00 | 49.31 |
| Steiner | 32.00 | 16.69 |
| TSI | 30.50 | 9.13 |
| Combined value: | $174.41 | $167.01 |
Norwegian Cruise Line (NCL) is not included in the combined value since NCL made its introductory public offering in the U.S. this past September and is expected to be delisted once the acquisition by Star Cruises is completed.
