The capacity has moved largely out of the Eastern Mediterranean, but analysts were told in a call following the release of the firm’s fourth-quarter results that demand for Europe was “still very strong, particularly from North America”.
It added that it saw industry-wide capacity growth of 5% this year, with its own [approximately] 4% aided by its policy of selling a ship roughly every year.
Overall, the Royal Caribbean International, Celebrity Cruises and Azamara Club Cruises parent company is forecasting higher-than-expected adjusted earnings for 2017, helped by a strong start to bookings for Caribbean cruises.
