Royal Caribbean has raised its annual profit forecast, citing strong demand from affluent travelers and a solid start to the key booking season. The cruise operator's shares jumped about 16% in early trading after the announcement.
Royal Caribbean forecasts double-digit revenue growth in 2026, with bookings for the year already exceeding two-thirds of its capacity at record pricing. This is attributed to increased onboard spending and pre-cruise purchases, as well as investments in new ships and exclusive land-based destinations.
The company has also announced new deals with France's Chantiers de l'Atlantique shipyard to build its upcoming Discovery Class vessels. 28, above analysts' estimates.
66 per share. 26 billion from a year earlier.
8% in morning trade.
The strong demand for cruise vacations, particularly among affluent travelers, is driving Royal Caribbean's revenue growth. As the company continues to invest in new ships and experiences, it's likely that this trend will continue, supporting the forecasted double-digit revenue growth in 2026.
