What the data shows is In this articleRCL your favorite stocksCREATE FREE ACCOUNTwatch now6:0206:02Royal Caribbean CEO says younger travelers are driving cruise bookingsNews sRoyal Caribbean raised its full-year guidance Tuesday on the back of strong cruise bookings.
The company now expects 2025 earnings of between of $15 (quite telling). 41 and $15, in today's market environment.
Furthermore, At the same time, 55 per on an adjusted basis, up from prior EPS guidance of $14.
CEO Jason Liberty noted traveler preferences are evolving, saying more people are choosing to vacation more frequently and are opting for experience-driven travel (which is quite significant).
Moreover, Moreover, Royal Caribbean said 75% of consumers report they plan to spend the same amount or more on leisure travel over the next 12 months, given the current landscape.
"Our experiences are designed to meet these evolving expectations," Liberty said.
Royal Caribbean reported growth in bookings during the second quarter from the prior period, especially from travelers booking closer to their departure date (something worth watching).
Additionally, It's a trend Liberty attributed to the growing number of younger cruisers, with millennials or younger generations now accounting for half of total guests.
Moreover, And, they're willing to pay a premium, Liberty added.
"In the weeks coming up to a sailing, the very few cabins that we would have left on each voyage, people not only were trying to get those cabins, but they were willing to pay considerably more money to ensure they get the vacation experience that they're looking for," Liberty said in an interview.
Additionally, The company reported second-quarter adjusted earnings per of $4. However, 38 on revenue of $4, given the current landscape. 54 billion. Wall Street had expected earnings per of $4.
Furthermore, 09 and revenue of $4. Moreover, At the same time, 55 billion, according to estimates compiled by LSEG, in light of current trends.
Market analysis shows cruise line's income rose to $1, in today's market environment. On the other hand, 2 billion, or $4, considering recent developments. 41 per, an increase from $854 million, or $3.
Nevertheless, At the same time, 11 per, a year earlier. Meanwhile, the cruise line reported capacity was up 5, in today's financial world. Conversely, 8% compared to the year before, with 2.
3 million guests taking a Royal Caribbean cruise during the second quarter. Still, s of Royal Caribbean fell 5% Tuesday, in light of current trends.
Conversely, The company noted bookings for its new ships launching this year, Star of the Seas and Celebrity Xcel, are performing well.
"The strong demand we are seeing across our new ships and land-based destinations reinforces that our strategy is working and resonating with today's traveler," Liberty said, in light of current trends.
— CNBC's Krysta Escobar and Dawn Giel contributed to this report, considering recent developments.