SUSTAINED demand for cruise holidays and record onboard spend levels has led Royal Caribbean Group to post strong financial results for Q2 2024.
The company, which operates Royal Caribbean International, Celebrity Cruises and Silversea, reported revenues of US$4.1 billion, with just over two million pax carried across the quarter.
Royal Caribbean International CEO, Michael Bayley, told investors the brand’s first Icon-class vessel – Icon of the Seas – was operating at “about 132% load factor”, or around 7,405 passengers from its 7,600 capacity.
Group-wide load factors were reported to be sitting at 108%, marking a 3% year-on-year jump.
The company also reported booking volumes higher than the prior corresponding period.
“We met our financial targets 18 months earlier than expected, have our balance sheet in a strong position, reinstated our dividend, and we are just getting started,” said Royal Caribbean Group CEO, Jason Liberty.