The strong post-pandemic air travel boom continued across the globe this September, according to research conducted by the International Air Transport Association (IATA), published November 9.
Royal Caribbean Feels 'Optimistic' About Demand in China
26.10.2023 - 16:09 / skift.com / Royal Caribbean / Michael Bayley / Dawit Habtemariam / Jason Liberty / Royal Caribbean Cruises
Royal Caribbean executives are seeing signs of strong demand for cruise experiences in China as they prepare for their return in April 2024.
“We’re feeling quite optimistic about the China product,” said Royal Caribbean International President and CEO Michael Bayley. “We have a China product Spectrum sailing on Shanghai in April next year so far the bookings by volume and rate are very good, much better than our 2019 performance, which was a record performance for the brand.”
About 1.5% of Royal Caribbean’s capacity in the fourth quarter had been planed for Israel. All itineraries in the region for the year have been canceled or adjusted due to the ongoing conflict. “Most of the impacted deployment was quickly adjusted, including a few sailings that were home porting and Haifa,” said Royal Caribbean Group CEO and President Jason Liberty.
Bookings remained strong throughout the third quarter, significantly exceeding 2019 levels. Rates reached new highs and the booking window has extended. Demand for 2024 has continued to accelerate, with bookings outpacing 2019 levels.
Here’s what else you need to know about Carnival’s third-quarter earnings call:
Total revenue for the quarter was $4.2 billion. Net income for the quarter was $1 billion.
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