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Royal Caribbean ups profit outlook amid soaring demand for key products

Royal Caribbean
Harry Kemble
22 February 2024

Royal Caribbean Group has raised its profit outlook after achieving the best five wave booking weeks in its history. 

Icon of the Seas 1, PortMiami, January 2024.jpg

Icon of the Seas – the world's largest cruise ship – launched in January this year (Credit: Royal Caribbean International)

The cruise giant – which operates Royal Caribbean International, Celebrity Cruises, Silversea Cruises and joint venture Tui Cruises – said it was “very encouraged” by demand and the current pricing environment.


Key products, it said, were booked ahead of the same time last year in both rate and volume.


Consumer spending for onboard purchases continues to exceed prior years driven by “greater participation at higher prices, indicating quality and healthy future demand”, Royal added. 


The company is increasing its adjusted full-year earnings per share (EPS) by $0.40 compared to its February guidance.