TravelMole
Cruise

Forward bookings boost Royal Caribbean

Monday, 28 October 20133 min read

Royal Caribbean is reporting an increase in bookings for 2014, signifying a return in confidence to the sector.

Shares in the cruiseline rose 6% at the end of last week, after it announced better-than-expected third-quarter results.

Adjusted net profit in the three months to September 30 increased to $377.9m, from $367.8m in the same period in 2012.

Revenue was up 3.3% at $2.31bn.

Royal Caribbean said bookings are up for 2014 in most markets including Europe, Asia and Alaska, although advance bookings in the Caribbean are weaker.