Royal Caribbean plans to increase capacity by 8pc in 2024, with new ships sailing for Celebrity, Silversea, and Royal Caribbean brands.
The Caribbean will see a 13pc capacity increase, Europe will have 15pc, Asia/Pacific will have 10pc with the resumption of services in China, and Alaska will have 6pc.
Royal Caribbean’s new destination, Hideaway Beach, will open in January 2024, contributing to onboard and shore excursion revenue. Advanced bookings for 2024 are already twice what they were a year ago.
However, there are expected negative impacts from fuel pricing, foreign exchange rates, and sailings related to Israel deployment in 2023.
Royal Caribbean is seeing strong demand for 2024, with higher booked load factors and rates compared to previous years, and an extended booking window.
The cruise line’s earnings presented a positive outlook for the full year of 2023 and 2024 at an, with adjusted EPS guidance of $6.59 to $6.30 for 2023 and a target of “at least $9” for 2024.
