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Royal Group nets $1 billion in Q3 as consumer spend ‘accelerates’

Royal Caribbean
Harry Kemble
26 October 2023

Royal Caribbean Group has reported a net income of $1 billion for the third quarter – an increase of $967 million year-on-year – as it achieved financial results that were above expectations. 

Jason Liberty Royal Caribbean Group.jpg

Jason Liberty suggested Royal Caribbean Group would likely order more Celebrity River Cruises ships in the coming years (Credit: Royal Caribbean)

The cruising giant hailed the impact of “close-in demand” for 2023 sailings and strong onboard revenue levels.


Booking levels “significantly” exceeded 2019 levels, the company said. 


Late demand for 2023 sailings surpassed expectations, contributing to higher load factors at higher prices. 


As of 30 September, the group’s customer deposit balance was at $5bn. 


Third-quarter yields increased by 19.1%, but cruise costs per passenger increased by 14.4%, both compared to the same three months in 2019.