Royal Caribbean Posts Another Banner Quarter, Set for Success in Key Summer Sailing Season
Although the first quarter remains the smallest for narrow-moat Royal Caribbean, we can’t ignore the signal that solid results appear likely for the year ahead. With net yields up 4.9% on a constant currency basis and 7% as reported in the quarter, Royal continues to take pricing on its products, indicating the brand is resonating well with consumers and the willingness to spend on the cruise product has persisted. With the booked position again at record levels in rate and volume, the company w...
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