Royal Caribbean Rises as Cruise Demand, Pricing to Accelerate
- Next year’s bookings expected to be at or above recent years
- Strong demand for sailings is leading to higher prices
Storm damage after hurricanes Helene and Milton in St. Pete Beach, Florida, US, on Oct. 11.
Photographer: Tristan Wheelock/BloombergThis article is for subscribers only.
Royal Caribbean Cruises Ltd.’s shares surged to a record after the cruise operator raised its earnings outlook for a fourth time this year and said it expects strong demand to continue.
The world’s most valuable cruise company boosted its adjusted earnings outlook to $11.57 to $11.62 per share this year, according to a statement Tuesday, above the average analyst projection of $11.51.