Forward bookings boost Royal Caribbean
Royal Caribbean is reporting an increase in bookings for 2014, signifying a return in confidence to the sector.
Shares in the cruiseline rose 6% at the end of last week, after it announced better-than-expected third-quarter results.
Adjusted net profit in the three months to September 30 increased to $377.9m, from $367.8m in the same period in 2012.
Revenue was up 3.3% at $2.31bn.
Royal Caribbean said bookings are up for 2014 in most markets including Europe, Asia and Alaska, although advance bookings in the Caribbean are weaker.
Lisa
Lisa joined Travel Weekly nearly 25 years ago as technology reporter and then sailed around the world for a couple of years as cruise correspondent, before becoming deputy editor. Now freelance, Lisa writes for various print and web publications, edits Corporate Traveller’s client magazine, Gateway, and works on the acclaimed Remembering Wildlife series of photography books, which raise awareness of nature’s most at-risk species and helps to fund their protection.
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