Royal Caribbean Group says stronger pricing on close-in demand and continued strength in onboard revenue is driving growth in the cruise market and an increase of 23pc in projected earnings for 2025.
It said WAVE season bookings are off to a record start, with booked load factors in line with prior years and at higher rates.
The company reported its 2024 earnings per share at $10.94, with an adjusted EPS of $11.80, reflecting a solid financial performance.
For 2025, the company anticipates adjusted EPS between $14.35 and $14.65, representing an expected 23pc growth.
The fourth quarter of 2024 saw a net income increase to $0.6bn or $2.02 per share, demonstrating strong demand and pricing.
The company said the successful launch of Celebrity River Cruises underscores the group’s commitment to capturing a larger share of the $2tn global vacation market.
Ireland has the second highest per head spend of any nationality on board Royal Caribbean ships.
Jason Liberty, president and CEO, Royal Caribbean Group shared:“2024 was exceptional, thanks to our incredible team’s flawless execution, which drove elevated demand across our leading brands, the early achievement of our Trifecta goals, and meaningful progress on our strategic priorities. 2025 is shaping up to be another great year, with expected adjusted earnings growth of 23pc, as our commercial and vacation experiences flywheel continues to accelerate the growing preference for our leading brands, the most innovative ships and world-class private destinations,”
We are never satisfied with the status quo, and we are obsessed with delivering the best vacation experiences in the world and driving exceptional shareholder returns. Today’s launch of Celebrity River Cruises is an example of our commitment to deliver on that promise and ultimately capture a greater share of the $2tn global vacation market.”
