Royal Caribbean has raised its annual profit target for the second time this year due to steady demand for cruises. The cruise operator cites strong demand for cruises and onboard spending as the reasons for the increased forecast. According to Bank of America, cruise lines heavily rely on Baby Boomers, who make up around 40% of travelers. Royal Caribbean CEO Jason Liberty reports increased demand for cruises following an earnings beat in Q3. The company's full-year profit outlook has been boosted amid continued demand for cruises.
"We're seeing a very healthy consumer," Royal Caribbean Cruises CEO Jason Liberty says. The "consumer is not only making very strong bookings today, but they're booking 6, 12, 18, 24 months out." https://t.co/oHzTLqGu52
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Royal Caribbean boosted its full-year profit outlook for a second time this year amid continued demand for cruises https://t.co/XQx4mSh0eB
As consumers get their sea legs in a choppy macro environment, @RoyalCaribbean CEO Jason Liberty reports increased demand for cruises following an earnings beat in Q3. https://t.co/s9K286BeVr
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"Cruise lines are heavily exposed to Boomers (~40% of travelers)" - BofA https://t.co/CcyomhMolZ
The cruise operator raised its forecast for annual profit, saying demand for cruises and spending onboard is still strong. https://t.co/S46DXdicDq
Royal Caribbean lifts annual profit target again on steady cruise vacation demand https://t.co/hKIqXIzAXm https://t.co/c3uuPIxnVn