Tag Archives: Icon of the Seas

Royal Caribbean Increases Financial Guidance for 2024

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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.

Nassau Cruise Port Welcomes Icon of the Seas with Performance

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Nassau Cruise Port (NCP) welcomed the Icon of The Seas on its inaugural call to Nassau on Thursday, January 18, according to a press release.

Passengers onboard Royal Caribbean’s newest ship were greeted with a Junkanoo performance by the Music Makers Junkanoo Group.

A special inaugural ceremony took place aboard the ship, attended by Mike Maura Jr., CEO and director at NCP, Deputy Prime Minister and Minister of Tourism, Investments, and Aviation Chester Cooper, President and CEO of Royal Caribbean International Michael Bayley and local dignitaries and industry executives. Maura celebrated the strength of the partnership between Royal Caribbean and Nassau Cruise Port and their commitment to strengthening the Bahamian economy further.

“Icon of the Seas is truly in a class of its own, and the Royal Caribbean team should be immensely proud of the result of this incredible seven-year endeavor,” said Maura.

 “We appreciate the confidence that Royal Caribbean continues to show in Nassau Cruise Port and in The Bahamas to deliver a superior tourism product, and we look forward to continuing to work with the Royal Caribbean team in ensuring that its guests enjoy fun, memorable experiences in Nassau.”

Deputy Prime Minister Cooper added: “This is magnificent for the Bahamas. It is a great day for Royal Caribbean but a magnificent day for Nassau Cruise Port and The Bahamas. [We are] on the verge of greatness for 2024. The numbers are expected to be significant coming from RCCL but also from the entire industry. We are looking forward to another banner year.”

The Icon of the Seas is currently sailing its maiden voyage which departed from Miami on Jan. 27. 

World’s Largest Cruise Ships Meet in CocoCay

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Royal Caribbean International’s Icon of the Seas and the Wonder of the Seas met in the Bahamas earlier this week.

Currently serving as the world’s largest cruise ships, the vessels docked simultaneously at the company’s private island destination Perfect Day at CocoCay.

After assuming the title in 2023, the Icon of the Seas is currently the largest cruise ship in the world at over 250,000 tons.

Part of a new ship class, the vessel was delivered to Royal Caribbean last November. Visiting CocoCay during one of its short preview cruises, the Icon is being prepared to kick off its maiden season later this month.

Starting on Jan. 27, the 365-meter-long ship is scheduled to offer a series of week-long sailings to the Caribbean departing from PortMiami.

In addition to weekly visits to Perfect Day at CocoCay, Icon’s schedule includes many popular ports in the region, including St. Maarten, St. Thomas, and St. Kitts.

At 250,800 tons, the Icon of the Seas was built by the Meyer Turku in Finland, and can accommodate over 5,610 guests at double occupancy, in addition to 2,350 crew members.

Previously serving as the largest cruise ship of the world until 2023, the Wonder of the Seas is offering week-long cruises departing from Port Canaveral.

Slightly bigger than its sister ships, the 227,627-ton vessel is part of the Oasis Class and entered service in early 2022.

Sailing from its Florida homeport every Sunday, the 5,448-guest vessel offers different itineraries to the Western and the Eastern Caribbean.

The recent arrival in CocoCay was part of a seven-night cruise to the Western Caribbean that also features visits to Cozumel and Costa Maya, in Mexico, as well as Isla de Roatán, in Honduras.

During its year-round program in the region, the Wonder of the Seas also sails to Puerto Rico, St. Maarten, Labadee, and more.

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