Royal Caribbean shares slide 5% after Mexico rejects Perfect Day Mexico project

Royal Caribbean International's stock fell about 5% on the day, reaching its lowest level in a year. The decline was triggered by the Mexican government's rejection of the Perfect Day Mexico project, which it said could harm the environment. The decision led investors to reassess the cruise line's exposure to the disputed venture, causing a notable dip in its market value.

The rejection reflects Mexico's heightened scrutiny of projects with potential environmental impacts, and it underscores how regulatory actions can quickly affect publicly traded companies in the tourism and leisure sector.