RCCL Q1 Earnings Outpace Expectations

by Donna Tunney


Royal Caribbean Cruises Ltd.'s first quarter earnings report exceeded expectations, showing adjusted net income  of $214.7 million, or 99 cents per share, compared to $124 million, or 57 cents per share, in the year-ago quarter.

The company, in an earnings call to industry analysts April 28, attributed strong, close-in demand for the Caribbean to its performance.

"The year started off with a very positive tone and the tone has only continued to please.  We are looking forward to our fifth consecutive year of double-digit earnings growth," said Richard Fain, chairman and CEO of RCCL, which is the parent company of Royal Caribbean International, Celebrity Cruises and Azamara Club Cruises.

“Our first quarter results were up 74 percent from last year, which also shows that our focus on improving specifically the winter season is working,” added Fain.

Net yields rose by 6 percent in the first quarter while net cruise costs, excluding fuel, fell by 4.4 percent. Overall for 2017, the company said its booked position remains at a record level, better than last year on both a rate and volume basis. 

RCCL said that “strength in Europe” is offsetting the effects of itinerary changes in Asia; Royal Caribbean International in March suspended port calls in South Korea due to “recent developments” in the region.

The company also increased its per share earnings guidance to a range of $7 to $7.20 for the year.

  0
  0
Tip of the Day

As travel advisors, we have to be curious. Curiosity leads to impactful connections that pave our road to success.

Jenn Lee, VP of Sales and Marketing, Travel Planners International

 

Daily Top List

Exciting Luxury Hotel Openings

1. Costa Blu Beach Resort (Belize)

2. The Standard London (London)

3. Lefay Resort and SPA Dolomiti (Italy)

4. Kachi Lodge (Bolivia)

5. The Hoxton (Chicago)

Source: TMR

TMR THIS WEEK
http://services.travelsavers.com/AMGService.svc/REST/GetImage?ImageID=7c7310a7-0591-e911-be17-782bcb66a2f2)

5 Reasons to Travel in Winter - and Where to Go

Travel advisors in-the-know offer their clients distinctive travel adventures at lower price points and with more personalized service during the winter months and off-peak season.

TMR Recommendations
Top Stories
Azamara Rebrands with New Name, Logo, and Destination Focus
Azamara Rebrands with New Name, Logo, and Destination Focus

The line’s new destination immersion concept provides offerings with cruise and land components, for a 'complete way to see the destination, rather than a pit stop.’

New Orleans-Themed Lounge Coming to the Disney Wonder
New Orleans-Themed Lounge Coming to the Disney Wonder

It draws inspiration from the Disney animated feature, “The Princess and the Frog,” set in the New Orleans bayou.

How to Sell Royal Caribbean’s Perfect Day at CocoCay
How to Sell Royal Caribbean’s Perfect Day at CocoCay

The only way to improve the Perfect Day is to offer more of it — and talks already are in the works, Royal's Vicki Freed said.

Norwegian Cruise Line Homeports in Amsterdam for First Time
Norwegian Cruise Line Homeports in Amsterdam for First Time

The European debut of the Norwegian Pearl will cruise the North and Baltic Seas until the end of June, before repositioning to Rome for a season of Mediterranean voyages.

Virgin Voyages Changes Inaugural Itineraries in Response to New Cuba Restrictions
Virgin Voyages Changes Inaugural Itineraries in Response to New Cuba Restrictions

Virgin's first ship, Scarlet Lady, was set to be the largest and newest ship to ever sail into Havana Harbour. 

Disney Cruise Line Releases Festive Halloween and Holiday Sailings
Disney Cruise Line Releases Festive Halloween and Holiday Sailings

The cruises promise to delight guests, like only Disney can, with holiday-themed entertainment and décor — departing from New York, California, Texas and Florida.

News Briefs
TMR Report Cards & Outlooks