Royal Caribbean Group has announced higher-than-expected earnings for 2025 and is projecting a "double-digit" increase in both revenue and profits for the current year, as demand for ocean vacations continues to soar. The Miami-based cruise giant reported earnings per share of $15.61 in 2025, surpassing analyst forecasts due to robust revenue streams and high-performing joint ventures.
Strong Momentum and Optimistic Outlook
In a company news release published on Thursday, Jason Liberty, the chairman and CEO of Royal Caribbean Group, stated, "2025 was an outstanding year, and the momentum is further accelerating into 2026." He added, "We expect another strong year of financial performance with both revenue and earnings growing double digits." This optimistic outlook reflects the company's confidence in the sustained recovery and growth of the cruise sector.
Factors Driving Growth
Beyond attracting new customers, Royal Caribbean highlighted increased loyalty from repeat cruisers as a key factor in its success. The company also revealed plans to deploy two new vessels starting in 2029, with an additional four ships planned for the future, indicating long-term investment in expanding its fleet to meet rising demand.
Following the announcement, shares of the firm, one of the world's largest cruise companies, experienced a significant jump, according to Bloomberg. This market response underscores investor confidence in the company's growth trajectory and the broader industry's resurgence.
Industry Recovery and Record Demand
The news highlights the rapid recovery of the cruise industry, which faced massive disruptions during the COVID-19 pandemic when numerous voyages were cancelled. In October, AAA predicted that a record 21.7 million Americans would take cruises in 2026, marking an increase of one million from the previous year.
Stacey Barber, the vice president of AAA Travel, commented in a news release at the time, "These numbers reflect the growing demand for ocean cruises among U.S. travelers. Our travel agents see this every day when booking dream vacations for AAA members. Whether it's an anniversary trip to relax in the Caribbean or a family reunion to explore Alaska, ocean cruises offer variety, convenience, and lifelong memories."
Challenges Amidst Success
However, it hasn't all been smooth sailing for Royal Caribbean. Earlier in January, the company announced it would not sail to its private resort destination in Haiti in 2026, extending a suspension that has been in place since 2024, amid ongoing safety concerns in the nation. This decision reflects the complexities of operating in a global market where geopolitical and security issues can impact travel itineraries.
Overall, Royal Caribbean's strong financial performance and positive forecast signal a buoyant period for the cruise industry, with consumer appetite for sea vacations showing no signs of waning as travellers seek memorable and convenient holiday experiences.
