Royal Caribbean Cruise Line Has Some Ships at 100% Occupancy
CEO Michael Bayley says, “We have ships now sailing at 100% and we've had ships sail at 100% now for several weeks out of the Caribbean."
Although the first-quarter earnings (or lack of) for the parent company were gloomy, the future for the Royal Caribbean cruise line seems bright.
CEO Michael Bayley reported during the earnings call that the cruise line has operated some cruises at 100 percent occupancy. He said, "We have ships now sailing at 100%, and we've had ships sail at 100% now for several weeks out of the Caribbean." Bayley added, "And as we head towards Memorial Day weekend, we are going to see a significant percentage of our ships sailing at 100% (occupancy) and greater."
According to Bayley, the ships in North American homeports would have the strongest occupancy, helped in part by the drive-to nature of the turn ports. "Over the past several weeks we've been delighted with the volume of bookings that we've been seeing coming in for these products it's been really good."