Royal Caribbean Group (RCL)

Royal Caribbean Group's stock price has been significantly impacted by strong consumer demand and financial performance. The stock was up 23.41% over the past 30 days and 93.19% over the past 12 months as of June 30, 2025. The company has reported strong demand and record-breaking bookings, with the WAVE booking season exceeding expectations. This strong demand has translated into higher load factors and increased pricing. Royal Caribbean Group has exceeded its earnings projections, reporting strong results for Q4 2023 and Q1 2025, and increasing its full-year guidance for 2024 and 2025. The company's focus on balance sheet optimization and the debut of new ships and destinations have also contributed to earnings growth.

Demand for Royal Caribbean Group's products is seasonal, with the first quarter being a strong period due to the WAVE season. Bookings for the upcoming summer and into 2026 are promising, with robust demand across all products and geographies, especially in North America. Consumer spending on onboard and pre-cruise purchases continues to exceed prior years, indicating healthy demand, which contrasts with some weakening in the wider leisure travel sector.

Royal Caribbean Group (RCL) is a global cruise vacation company headquartered in Miami, operating in the Cruise Lines industry. As the world's second-largest cruise line operator, it owns brands like Royal Caribbean International, Celebrity Cruises, and Silversea Cruises, and holds a 50% stake in TUI Cruises and Hapag-Lloyd Cruises. The company's core income is from passenger ticket sales and onboard services. It offers shore excursions and is expanding land-based vacation experiences, including Perfect Day at CocoCay and upcoming Royal Beach Clubs. As of March 2024, the company fully owns 65 ships, with 5 more on order until 2028, and a total capacity of approximately 157,575 berths. By the end of 2024, the group had a fleet of 68 ships with a total capacity of 166,900 berths.

Royal Caribbean Group has a significant global presence, offering itineraries to approximately 1,000 destinations across all seven continents. Revenue is well-distributed across North America, the Caribbean, Europe, and Asia-Pacific, with North America and Europe representing the largest share. The company also has an international operations head office in the United Kingdom.

Royal Caribbean Group has focused on enhancing its brand reputation through sustainability initiatives and community engagements. The company aims to achieve net-zero greenhouse gas emissions by 2050 and has reduced carbon intensity by 6.8% compared to 2019. Biofuel trials have been conducted on ships to reduce carbon emissions. Innovative waste-to-energy systems are being introduced on new ships, and the company aims to reduce food waste by 50% by 2025. Collaborations and support for educational programs are fostering stronger destinations, with a goal for 60% of tours to be GSTC certified by 2026.

Royal Caribbean Group's ownership is primarily institutional, holding approximately 84% of the stock, with retail investors holding about 11% and private companies owning around 4.8%. Major institutional owners include Capital Research and Management Company, Vanguard Group Inc, BlackRock, Inc., State Street Corp, PRIMECAP Management Co., Capital World Investors, AGTHX - GROWTH FUND OF AMERICA Class A, AIVSX - INVESTMENT CO OF AMERICA Class A, AWSHX - WASHINGTON MUTUAL INVESTORS FUND Class A and Geode Capital Management LLC. Significant individual and insider owners include Wilhelmsen A. S. A., Arne Alexander Wilhelmsen, and Osiris Holdings Inc.