- Ritz-Carlton Yacht Collection reported Q2 2026 revenue of $103m, up 42 percent
- Adjusted EBITDA improved to negative $5m from negative $14m
- Year-to-date bookings reached $237m, up 46 percent
- Load factor declined to 51 percent for both the quarter and year-to-date
- Net loss widened to $146m; shareholders injected $192m year-to-date
The Ritz-Carlton Yacht Collection has reported a 42 percent year-over-year revenue increase to $103m for the second quarter of 2026, marking its first full quarter of operations with its three-ship fleet. Adjusted EBITDA for the quarter improved to negative $5m from negative $14m a year earlier, while year-to-date cruise revenues reached $195m, a 67 percent increase.
Bookings rose 35 percent in the quarter to $103m, with year-to-date bookings hitting a record $237m, up 46 percent. The average daily rate per passenger climbed 7 percent in the quarter to $1,993 and 14 percent year-to-date to $1,840, attributed to enhanced itineraries and yield discipline. Load factor stood at 51 percent for both the quarter and year-to-date, down from 57 and 54 percent respectively. Repeat passengers accounted for roughly 22 percent of guests in the quarter and 23 percent year-to-date.
The net loss widened to $146m from $78m, driven largely by finance expense of $74m. Parent company Cruise Yacht Upper HoldCo Ltd. closed a lender agreement on May 21 deferring $171m in amortisation payments until 2028-2033. Shareholders injected $167m on May 22, bringing total 2026 equity contributions to $192m.
