Jason Liberty, group president and chief executive, said: “Demand for our leading brands and the incredible experiences they deliver continues to be very robust, resulting in outperformance in the first quarter, a further increase of full year earnings guidance, and 60% expected earnings growth year over year.
“Building on this momentum, we expect to achieve all our Trifecta financial goals in 2024, which allows us to focus on a new era of growth to drive long-term shareholder returns and take a greater share of the rapidly growing $1.9 trillion global vacation market.”
Liberty noted how Royal’s Utopia of the Seas and Silversea’s Silver Ray are launching this summer while the company has also announced its expanding its Royal Beach Club portfolio in Cozumel. The site is expected to open the club in 2026.
Royal launched the world’s largest cruise ship, Icon of the Seas, earlier this year
“These strategies will further propel our leadership in the cruise industry and push us to new heights in the vacation industry,” he added.
In the second quarter, net yields are expected to increase 10.20% to 10.70%. Net Cruise Costs (NCC), though, are expected to jump from 7.4% to 7.9% due to increased dry dock days and the operations of Hideaway Beach at Royal’s Perfect Day at CocoCay site.