What Booking Holdings and Royal Caribbean's Earnings Tell Us About the State of Travel originally appeared on Come Cruise With Me. At the end of the first quarter, travel companies spent the end of an otherwise ordinary (even strong) quarter withdrawing their guidances and warning investors that consumer sentiment was sagging.

It increased its earnings guidance for the year, citing strong close-in demand as one reason for better-than-expected results.

Royal Caribbean (RCL) is showing strong technical momentum, hitting a new 52-week high on July 23. RCL has a 100% technical “Buy” signal via Barchart. Shares are up more than 130% in the past year. Its fundamentals are solid,