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Royal Caribbean expects prices to keep rising in 2025 – and beyond

Cruise
Rob Gill
26 July 2024

Royal Caribbean Group is expecting cruise prices to continue rising for 2025 itineraries thanks to “continued strong demand” for its holidays.

Utopia of the Seas, Royal Caribbean, June 2024.jpg

Royal Caribbean's latest ship Utopia of the Seas launched earlier this month (Credit: Royal Caribbean)

The US-based company, which also owns the Celebrity Cruises and Silversea brands, said booking volumes during the second quarter of 2024 were higher than during the same period last year and it was achieving “record” pricing levels.

Jason Liberty, president and chief executive of Royal Caribbean Group, said during a conference call with analysts that its European cruises were also in a “record booked position in both rate and volume and continued strength in pricing”.

The group’s European itineraries account for around 28% of its overall capacity during the summer peak months of July to September.