Royal Caribbean Passenger On-Board Spending Splurge Helps Lower Losses
Skift Take
Royal Caribbean is sailing along on several trends —strong economic conditions, travel interest in experiences and pent-up demand— to get out of the red.
Royal Caribbean Group saw strong revenue growth driven by strong customer onboard spending and guests new to cruises in the first quarter, executives said in an earnings call on Thursday.
In the first quarter, onboard and pre-cruise purchases exceeded 2019 levels, a trend that has continued from last year. Two-thirds of Royal Caribbean guests booked some of their onboard activities in advance of their cruise, compared to 48 percent in 2019. Every dollar of guest spend pre-cruise translated into approximately $0.70 of incremental spend once on board, said Royal Caribbean CEO, President and D
