Royal Caribbean Group Is Having a Record-Breaking Wave Season

Royal Caribbean Group is having a record-breaking wave season so far.

The first five weeks of 2024 were the best wave booking weeks in the company’s history, according to its latest update to investors. Bookings were “significantly higher” than the same period last year, according to the company.

“The wave booking season has exceeded the company's initial expectations,” per the update. “The company continues to be very encouraged about the demand and pricing environment for 2024.”

More specifically, all four quarters and all key products for 2024 are “booked ahead of the same time last year in both rate and volume,” the company said. Once onboard the company’s ships, consumers are also spending more money than they have in past years.

"Since our last earnings call, robust demand for our vacation experiences has significantly exceeded our initial expectations," says Jason Liberty, Royal Caribbean’s president and chief executive officer.

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