![]() The terminal will be powered by solar panels and be the first “zero energy” terminal in the world, Liberty said. In the fourth quarter, Royal Caribbean will also launch a flagship terminal in Galveston, Texas to better serve the Southeastern U.S. “It wasn’t even close.” Icon will launch by the end of 2023 and it will be a “game changer,” according to Liberty. ![]() “On the first day of booking, the past booking record for the brand and company overall,” Liberty said. The executives also touted the results of the rollout of their Icon of the Seas class ship, which is reportedly the world’s largest cruise ship. Net income was $33 million, compared to a net loss of $1.4 billion in the same period last year.Īdjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) was $742.3 million, compared to a net loss of $704 million in the third quarter last year. Total revenue for the third quarter amounted to $3 billion, compared to $460 million for the same period last year. The cruise company expects the occupancy level to be roughly the same in the third quarter and potentially reach 100 percent by the end of the year. Caribbean market ships even sailed with nearly 105 percent occupancy. Royal Caribbean sailed in the third quarter with a 96 percent occupancy level. About 60 percent of all customers purchased onboard experiences their ships set sail, which has contributed to average passenger spending exceeding 2019 levels, according to Liberty. Passengers are splurging before they set foot on cruise ships. “Psychologically and experience wise, it’s almost like we just stepped into the next quarter from 2019 and it’s business as usual,” Royal Caribbean Group President and CEO Jason Liberty said. Thanks to the relaxation of Covid protocols, Royal Caribbean executives said booking behavior has returned to 2019. “I think our calculation in the American market, the addressable market expanded by 35 million almost overnight and we saw that coming through our bookings,” Royal Caribbean International President and CEO Michael Bayley said. Executives did not specify an exact number.Ī big contributor to the growth in bookings was the recent relaxation of Covid protocols on its ships and in other countries. Booking volumes for 2023 in the third quarter have doubled compared to the second quarter. Royal Caribbean Group received a strong boost in its booking volume thanks to relaxed Covid protocols, the cruise company’s executives said on an earnings call Thursday.īooking volumes in the third quarter was higher than in the same quarter last year. ![]()
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