Royal Caribbean sees upbeat 2024 profit on strong booking trends

$Royal Caribbean\\'s Serenade of the Seas cruise ship is moored in Valparaiso, Chile, January 23, 2024. REUTERS/Rodrigo Gutierrez , Reuters$

Royal Caribbean's Serenade of the Seas cruise ship is moored in Valparaiso, Chile, January 23, 2024. REUTERS/Rodrigo Gutierrez
Reuters

The company forecast 2024 adjusted profit between $9.50 and $9.70 per share

Granth Vanaik, Reuters News

February 1, 2024

PHOTO
Royal Caribbean's Serenade of the Seas cruise ship is moored in Valparaiso, Chile, January 23, 2024. REUTERS/Rodrigo Gutierrez

Royal Caribbean Group projected annual profit above Wall Street expectations on Thursday, on strong demand for cruise vacations and steeper itinerary prices.

The company forecast 2024 adjusted profit between $9.50 and $9.70 per share, compared with analysts' average estimate of $9.19 per share, according to LSEG data.

(Reporting by Granth Vanaik in Bengaluru; Editing by Milla Nissi and Shinjini Ganguli)

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