Royal Caribbean Isn’t Worried About Inflation Even With a $1.2 Billion Loss
Photo Credit: A Royal Pixabay / lovelights
Skift Take
Royal Caribbean — like its rivals in the cruise industry — has had a brutal last two years. But it can finally see a light at the end of tunnel in large part because it fully believes that consumers aren't deterred by rising prices.
Although travel companies have expressed concerns in recent weeks about inflation hitting their bottom lines and deterring consumers from resuming Covid-paused trips, The Royal Caribbean Group said on Thursday that it believes rising prices will not dent its recovery, even as it posted a wider than expected loss of $1.2 billion.
That's welcome news for a company that over the last two years has been battered by, among other things, Covid outbreaks on board ships and having to cancel sailings due to Covid and its variants. The company, like its rivals in the cruise industry, saw its revenue
