Royal Caribbean Group Experiences Unprecedented Success in Wave Season Bookings for 2024

Royal Caribbean Group is celebrating an extraordinary start to the year, marking the first five weeks of 2024 as the most successful wave season booking period in the company’s history. The surge in bookings during this crucial sales period has been “significantly higher” than the previous year, showcasing an impressive demand for the cruise line’s offerings.

The company has reported that the wave booking season has surpassed initial expectations, with a positive outlook on both demand and pricing for the year ahead. This upward trend is not limited to a specific quarter but spans all four quarters of 2024 across all key products. The bookings for 2024 are notably ahead in terms of both rate and volume compared to the same timeframe last year, signaling strong consumer confidence and interest in Royal Caribbean’s cruise experiences.

Moreover, Royal Caribbean has observed an increase in onboard spending, indicating that guests are not only eager to book their vacations but are also willing to invest more in their onboard experiences than in previous years. This trend underscores the value guests place on the unique and high-quality vacation experiences offered by Royal Caribbean.

Jason Liberty, President and Chief Executive Officer of Royal Caribbean, expressed his enthusiasm for the company’s performance, stating, “Since our last earnings call, robust demand for our vacation experiences has significantly exceeded our initial expectations.” This record-breaking wave season sets a positive tone for the company’s operations in 2024, reflecting the strength of the Royal Caribbean brand and its ability to attract and retain guests seeking unforgettable cruise vacations.