Royal Caribbean Sees Increased Demand for European Cruise Itineraries

Posted on 31 July, 2023 by Spacejunkie2

Royal Caribbean Group is pleased with the increased demand for European itineraries, resulting in a better-than-expected yield performance.

“While the Caribbean remains a standout performer this year, we were particularly pleased with the strength and quality of cruising [Ph] demand for European itineraries. This acceleration of demand for Europe contributed to the better-than-expected yield performance for the quarter,” said Chief Executive Officer Jason Liberty, speaking on the company’s second-quarter earnings call.

Liberty added that volumes from European consumers looking to book their summer vacations have accelerated, leading to double-digit yield growth expectations for this year compared to 2019.

“Europe sailings account for 17 per cent of our full-year capacity and 35 per cent in the third quarter. The acceleration in demand is increasing our revenue expectations for Europe sailings,“ said Chief Financial Officer Naftali Holtz.

“The better-than-expected performance has mostly been driven by our European customers, which underscores our nimble and global sourcing model,” he added.

Commenting on the somewhat surprising takeaway regarding the European market, Liberty explained that Europeans’ willingness to spend was very competitive with the North American consumer. Still, the difference is that they were delayed in activating their vacation.

“We expected Europe to be a little bit lighter versus 2019, in terms of load factor and it came roaring back,” continued Liberty.

Explora Announces Winter 2024-25 Program for Explora I

Posted on 28 February, 2023 by Spacejunkie2

Explora Journeys today announced its itineraries for the autumn and winter 2024-25 season of Explora I, according to a press release.

Featuring 23 journeys and two grand journeys between September 2024 and April 2025, the itineraries will encompass 73 different destinations in 24 countries, the company said in a statement.

Eight of them will be a first for Explora Journeys, including Macapá, Alter-do-Chaõ and Manaus in the Amazon, and the Devil’s Island in French Guiana.

Sacha Rougier, Head of Itinerary Planning and Destination Experiences, at Explora Journeys, said: “Guests will have the chance to delve into an exhilarating celebration of diversity: From private tours of MoMA in New York City to thrilling boat expeditions up the Amazon; discovering new shades of blue on a hidden Caribbean island or being fully immersed in the biggest show on earth with our exclusive Explora Journeys carnival experience in Rio, where they’ll be granted insider access to join the vibrant performers.”

The voyages start in the far north of North America’s East Coast, then sail to the Caribbean and South America before crossing the Atlantic to Europe.

Highlights include an 8-night Journey to Trailing Whales and Falling Leaves, sailing from New York City on Oct. 8 2024 for Boston, Portland and Halifax, the mystical Whale Corridors and the Gulf of St Lawrence, and finishing in Quebec City.

The ship will offer journeys up the Amazon River and into the Brazilian rainforest, complete with torchlit kayak tours and forest trails to hidden tribal villages. In Manaus, guests will witness the confluence of where the Rio Negro joins the Rio Solimoes and in Santarem where the Amazon meets the waters of the Tapajos.

Journey into Wild and Wonderful Amazonia will depart Bridgetown, Barbados, on November 22 2024, and sail to French Guiana’s Devil’s Island before heading to Macapá, Alter-do-Chaõ and Manaus in Brazil.

A Journey to the Meeting Waters on the Almighty Amazon will set off on November 29 2024 and travel up the Amazon to Macapá and Bequia before returning to Bridgetown.

A Journey of Tantalising Transatlantic Adventures sails on April 3 2025 from Bridgetown on a 14-night transatlantic crossing. Guests can enjoy leisurely days at sea before exploring Cape Verde, the 10-island Creole-Portuguese archipelago. EXPLORA I will stop to take in the natural attractions of the Canary Islands, followed by Madeira, before arriving in Lisbon, Portugal on April 18, 2025.

The ship’s grand journeys, A Grand Journey to Amazonia & Tropical Isles (28 nights) and A Grand Transatlantic Odyssey in the Atlantic (32 nights), give guests the opportunity to visit the Caribbean, the Amazon and the vastness of the ocean beyond.

Royal Caribbean Aiming for Return to Normality, Strong 2023

Posted on 7 November, 2022 by Spacejunkie2

Jason Liberty, President and CEO of the Royal Caribbean Group, shared some insight on the company’s deployment and sourcing plans for the upcoming year.

Speaking on Thursday’s third-quarter earnings call, he revealed hopes for a return to normality in 2023, focusing on a strong U.S. market.

“While we are still early in our planning cycle, 2023 is shaping up to be a strong year for the company and in the return to normal, typical business,” Liberty said.

“Our overall capacity will grow 14 per cent compared to 2019 on account of ten new ships which have joined or will join the fleet across our brands during this period,” he added, noting that the growth will be achieved despite previous ship disposals.

Liberty also said that deployment across markets is “relatively unchanged” compared to 2019 with the Caribbean representing just over half of the overall deployment and Europe with almost 20 per cent.

“Asia is in the low single digits, with no planned deployment in the high-yielding China market,” he said.

About 18 per cent of the U.S. population is within driving distance to a U.S. homeport, Liberty added, with the “Short Caribbean” product upsized by 35 per cent compared to 2019.

Perfect Day at CocoCay has also been an important part of the deployment, with 65 per cent of the guests sailing on Royal Caribbean International’s Caribbean itineraries in 2023 set to visit the private destination in the Bahamas. The number of calls is up 30 per cent from 2019, he said.

“We expect almost 80 per cent of 2023 guest sourcing to come from North America as we continue to see particularly strong demand from that customer,” Liberty said.

Royal Caribbean’s multi-brand strategy also allows for efficient guest sourcing around the world, he added.

“Our global brands’ appeal and nimble source model allows us to attract the highest yielding guest and partially mitigate the impact from a strong dollar.”