Perfect Day at CocoCay Driving Revenue at Royal Caribbean

Royal Caribbean International plans to take 2.5 million guests to Perfect Day at CocoCay in 2023 as the company’s private island in the Bahamas has become a major selling point on itineraries.

“The pricing premiums continue to be really robust, and the spend on the island continues to be really robust as well,” said Michael Bayley, president and CEO, of Royal Caribbean International, speaking on the company’s first-quarter earnings call.

Bayley said the company had about 250,000 guests disembark at Perfect Day in March.

Naftali Holtz, CFO, added: “The booking strength has been particularly evident on Caribbean sailings where our superior hardware and Perfect Day at CocoCay continue to be a winning combination.”

Holtz said that these itineraries are driving outsized yield and pricing growth.

“As we’ve increased the volume, we’ve seen no decline in the power of the pricing. And in fact, it continues to accelerate. With Hideaway Beach, that will accommodate approximately 2,500 more guests,” added Bayley.

The new Hideaway Beach area at Perfect Day is slated to open later this year ahead of the debut of the Icon of the Seas, which will call at Perfect Day weekly on its roundtrip Miami cruises.

“We’ve also got Utopia coming online in June (2024),” said Bayley. “We haven’t announced the deployment, but Utopia will also be going to Perfect Day. There’s a lot of demand for that particular product in any of our ships that have Perfect Day on their itinerary demanded, and there’s a strong pricing premium that we see there.”

Icon of the Seas Generating ‘Exceptional Demand’

When the new Icon of the Seas debuts in 2024 for Royal Caribbean International, she will become the world’s biggest ship and is already breaking sales records.

“Despite being on sale for only five months, Icon is significantly more booked for her inaugural season at materially higher rates than any other Royal Caribbean ship launch,” said Jason Liberty, president and CEO of Royal Caribbean Group, speaking on the company’s first-quarter earnings call.

“The Icon will join the fleet later this year and debut in the Caribbean in January 2024, with itineraries including Perfect Day at CocoCay and its new expansion, Hideaway Beach.”

Michael Bayley, president and CEO of Royal Caribbean International, added: “Icon is literally the best-performing new product launch we’ve ever had in the history of our business, and we’re delighted with volume and rate, and that really is a full 2024 product … it’s really driving a huge amount of demand and a great rate.”

Following the Icon, the company has another Oasis-class ship coming in 2024, the Utopia of the Seas, plus two more Icon-class vessels, set to debut in 2025 and 2026, respectively.

Royal Caribbean’s Explorer of the Seas Resumes Service Following Drydock

Royal Caribbean International’s Explorer of the Seas is re-entering service today following a 21-day drydock in Spain.

Sailing from Miami, the Voyager-class vessel is resuming a program of six- to eight-night cruises to the Southern and Western Caribbean.

For its first voyage after the refit, the 2000-built cruise ship is offering a six-night itinerary to Jamaica and Grand Cayman that includes George Town and Falmouth as ports of call.

Before returning to PortMiami, the Explorer is also set to visit Perfect Day at CocoCay, Royal Caribbean’s private island destination in the Bahamas.

In addition to routine maintenance and technical overhaul, the Explorer of the Seas received new waterslides during its recent stay at the Navantia shipyard.

Named “The Perfect Storm,” the pair of slides were added to the ship’s 13th deck on an area previously occupied by sun loungers.

The drydock work scope also included hotel upkeep, as well as minor upgrades and class work.

As the second ship in Royal Caribbean International’s Voyager Class, the Explorer of the Seas originally entered service in 2000.

With a capacity for 3,100 guests, the Explorer was also one of the first ships to offer the Royal Promenade, Royal Caribbean’s trademark indoor boulevard surrounded by shops, bars, and restaurants.

In 2015, the ship underwent a major refurbishment that added new features, such as the FlowRider surf simulator and a 3-D movie theatre.

While new cabins and suites were added to different parts of the ship, the existing staterooms were also equipped with “virtual balconies” during the refit. According to Royal Caribbean, the large screens added were designed to bring the live ocean and destination views into the interior of the cabins.

Completing its winter season in the Caribbean, the Explorer of Seas is set to kick off a summer program in the Mediterranean on May 8.