RCL Jun 2024 22.500 call

Royal Caribbean customers are booking more experiences: CFO

Cruise line operators are catching the perfect wind and setting sail, coming at an opportune moment when the airline industry has been rattled by major headwinds tied to Boeing's (BA) manufacturing troubles. Royal Caribbean Cruises (RCL) beat first-quarter earnings estimates, reporting $3.73 billion in revenue (compared to expectations of $3.66 billion) and gains of $1.77 per share (compared to expectations of $1.31 per share). Royal Caribbean Group CFO Naftali Holtz comes on Market Domination to discuss the operator's strengths since coming out of the pandemic and the pricing in its experience bookings. "We see strength across the board. Obviously the booking levels, the pricing... remember, cruise is an exceptional value proposition for people today and we see those choices coming to us, to our brands, to our vacation experiences," Holtz tells Yahoo Finance. "We see more people engaged on buying more experiences on the ships, actually planning and booking them earlier than before just to make sure that when they get on the ship, they get the best vacation experiences there." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.