Royal Caribbean Group reports...

Strong performance "sets foundation for bright future"

Royal Caribbean Group has reported “exceptional” full-year financial results and is forecasting “another great year” ahead.

The company reported US$16.5 billion in total revenue and adjusted Ebitda, a measure of profit, of US$6 billion for the full-year 2024.

For the fourth quarter, total revenue hit US$3.8 billion and adjusted Ebitda was US$1.1 billion.

For 2025, the group anticipated 23% adjusted earnings growth alongside 5% capacity growth with the introduction of Star of the Seas and Celebrity Xcel, aided by the full-year benefit of Utopia of the Seas and Silver Ray.

Its latest results also revealed a “record start” to this year’s wave period, with booked load factors in line with prior years at higher prices.

On its earnings call, Royal Caribbean Group Chief Financial Officer Naftali Holtz revealed that last week was the company’s highest-ever booking week for wave, and that it was seeing an improvement in bookings for new hardware and like-for-like ships.

Meanwhile, Royal Caribbean Group President and Chief Executive Jason Liberty said the strong financial results “set the foundation for a very bright future” to win a greater share of the US$2 trillion holiday market.

He explained: “Our goal is to create seamless, personalised journey across a portfolio of experiences, from ship to private island to river cruises and beyond, that inspire loyalty, deepen relationships, and position us as a preferred choice for every kind of vacation.

“This is not just a strategy; it’s a promise to redefine what travel means for our guests. It’s about meeting them where they are, dreaming alongside them, and turning the vacation of a lifetime into a lifetime of vacations.

“With this vision, we are poised to lead not just the cruise industry but the broader world of travel into an exciting new era.”

He concluded: “As we embark on 2025, we remain focused on winning an even greater share of the broader vacation market, and we are just getting started.”

To partner with Royal Caribbean Arabia call UAE +971 4 331 4299, KSA 800 897 1419, or email book@rccl.ae. For more information, visit www.royalcaribbean.ae

GET YOUR FREE GUIDE TO THE MALDIVES NOW