Royal Caribbean Group reported the five best booking weeks of the company’s history have occurred since the last earnings call, including the first three weeks of WAVE season.
The group reported strong earnings for 2023, with Earnings per Share of $6.31. The company’s performance exceeded expectations due to strong demand, particularly in the close-in bookings. Net Income was $1.7bn or $6.31 per share compared to Net Loss of $2.2bn or $8.45 per share in the prior year.
The outlook for 2024 is positive, with expected growth in Adjusted EPS of 40pc and the anticipation of achieving two Trifecta goals one year earlier than expected.
Jason Liberty said: “demand for our brands continues to outpace broader travel as a result of consumer spend further shifting toward experiences and the exceptional value proposition of our products.”
“Consumer spending onboard and pre-cruise purchases continue to exceed prior years driven by greater participation at higher prices, indicating quality and healthy future demand.”
