About Spacejunkie2

I love all things Cruise and add that to my hobby Photography I'm in dreamland, I'm an exTravel agency owner with the inside contacts, so I will try to keep you updated in all things travel related with a side serving of images and other maritime stories.

Royal Caribbean Increases Financial Guidance for 2024

Posted on 22 February, 2024 by Spacejunkie2

Independence and Symphony of the Seas in San Juan, Puerto Rico photo credit Spacejunkie2 Flickr

Royal Caribbean Group today provided an update on demand and updated its 2024 guidance.

The company said it continues to be very encouraged about the demand and pricing environment for 2024.

Since its most recent update on its Q4 2023 earnings call, the WAVE booking season has exceeded the company’s initial expectations, with the first five weeks of the year resulting in the best WAVE booking weeks in the company’s history.

“Bookings have been significantly higher than during the same period last year, with the back half of the year up by more than the front half. For 2024, all four quarters and all key products are booked ahead of the same time last year in both rate and volume. Consumer spending for onboard purchases continue to exceed prior years driven by greater participation at higher prices, indicating quality and healthy future demand,” the company said in a statement.

“Since our last earnings call, robust demand for our vacation experiences has significantly exceeded our initial expectations,” said Jason Liberty, president and CEO of Royal Caribbean. “As a result, we are increasing our 2024 guidance on stronger revenue outlook, and we expect to achieve all Trifecta goals in 2024. Trifecta marks an important milestone as we remain intensely focused on delivering a lifetime of vacations and priceless memories for our guests while delivering exceptional long-term shareholder value.”

As a result of the strong WAVE season, the company is increasing its 2024 Adjusted EPS guidance by $0.40 compared to its February guidance. For the full year, Adjusted EPS is now expected to be $9.90 to $10.10 driven by an increase in constant currency net yield growth of approximately 100 bps compared to the February guidance. Approximately $0.15 of the full year increase in adjusted EPS is driven by an improved revenue outlook for the first quarter of 2024. The company now expects to achieve all Trifecta goals in 2024.

Viking May Be Eying IPO

Posted on 16 February, 2024 by Spacejunkie2

Viking could be eyeing an initial public offering as soon as the second quarter of this year, according to a report from Bloomberg.

With a dominant position in the European river cruise market, a fleet of ocean-going cruise ships, two expedition ships, a joint venture in China and a Mississippi river operation, the company continues to expand in the cruise industry, with more riverboats and ocean-going ships on order.

If Viking were to list, it would join the other public cruise companies, including Carnival Corporation, Royal Caribbean Group, Norwegian Cruise Line Holdings and Lindblad Expeditions. Of those four, Lindblad was the last go to public in 2015.

According to Bloomberg, the IPO could raise over $500 million and Viking is said to be working with Bank of America, UBS, Wells Fargo and JP Morgan on the listing.

Adora Cruises’ Second Ship To Get Upsized

Posted on 11 February, 2024 by Spacejunkie2

According to a report from China Daily, the new vessel will be 17.4 meters longer than the 2023-built sister ship.

Currently under construction at China State Shipbuilding Company’s Waigaoqiao Shipbuilding Yard in Shanghai, the cruise ship is scheduled to enter service in 2025.

At 141,000 gross tons, the newbuild will be roughly five percent larger than the 135,500-ton Adora Magic City, the report added.

Citing shipyard sources, China Daily also said that the new vessel will feature an optimized interior layout, in addition to enhanced facilities.

“China State Shipbuilding Company will continuously make efforts to enhance the second cruise ship’s design, craftsmanship, construction and facilities to achieve higher quality, greater efficiency and lower cost,” the report concluded.

With its construction started in August 2022, the second China-made cruise ship currently has 75 percent of its design workload finished, while 58 percent of the production design was completed.

Both the 2025 newbuild and the Adora Magic City feature a basic project based on Carnival Corporation’s Vista class.

Built to serve the Chinese domestic market, the vessels offer a series of customized features, including an expanded shopping area and a series of alterantive restaurants.

After five years in the making, the Adora Magic City kicked off a series of short cruises to the Far East departing from Shanghai in January.

Also built at the Waigaoqiao Shipbuilding Yard, the 4,200-guest ship became the first large cruise ship ever constructed in China.

In addition to the two newbuilds, Adora Cruises also operates the former Costa Mediterranea. Now named Mediterranea, the 2003-built ship is offering a series of short cruises departing from Tianjin.