Royal Caribbean reports higher Caribbean pricing in 2025

Royal Caribbean Group has confirmed Caribbean voyages across Royal Caribbean International are yielding higher prices for the mainline cruise company, Celebrity Cruises, and Silversea despite increased industry capacity in the region.

Chairman and chief executive Jason Liberty reported strong demand and volume supporting positive yield growth. Company capacity rose 6.7pc year-on-year driven by new ships including Legend of the Seas.

The group achieved 2025 adjusted earnings per share of $15.64 with revenues at $17.9bn. Outlook for 2026 projects adjusted earnings between $17.70 and $18.10 per share with double-digit growth expected.

Jason Liberty shared We’re seeing high demand wanting to go to the Caribbean. We’re not only seeing good volume, but our pricing is higher in the Caribbean than it was last year. Jason Liberty shared 2025 was an outstanding year, and the momentum is further accelerating into 2026.