Royal Caribbean Group Drives Growth In Q3 2025 With New Santorini Destination And Increased Full-year Guidance, Reflecting Strong Global Demand

Published on October 28, 2025

Royal Caribbean Group, a leader successful nan picnic and cruise industry, has reported outstanding third-quarter net for 2025, pinch a important year-over-year summation successful adjusted net per stock (EPS). The company’s momentum continues, driven by beardown demand, precocious impermanent satisfaction, and an awesome portfolio of caller offerings. This affirmative capacity is further underscored by nan company’s announcement of a caller exclusive destination, Royal Beach Club Santorini, group to unfastened successful summer 2026. The announcement highlights Royal Caribbean Group’s committedness to expanding its world footprint and enhancing nan picnic experiences it offers to millions of guests.*

Royal Caribbean Group Sees Robust Growth successful Q3 2025

Royal Caribbean Group’s financial results for nan 3rd 4th of 2025 were outstanding, exceeding expectations crossed respective cardinal metrics. With Earnings Per Share (EPS) of $5.74, and an Adjusted EPS of $5.75, nan institution achieved 32% maturation compared to nan erstwhile year. This awesome capacity has led nan institution to revise its 2025 Adjusted EPS guidance upwards to a scope of $15.58 to $15.63, bolstered by strong demand, accelerated bookings, and cost controls. Furthermore, nan institution is raising its 2026 EPS outlook to a $17 handle, solidifying its committedness to sustainable maturation and delivering accordant returns to shareholders.

The third-quarter results were driven by:

• Strong momentum successful bookings and impermanent satisfaction, pinch a 7% summation successful year-over-year rider volume.
• Gross Margin Yields rising 3.8% and Net Yields expanding by 2.8%, reflecting effective pricing strategies.
• Load factor of 112%, up 1 percent point, showcasing robust request and precocious occupancy rates crossed nan fleet.

Despite facing minimal disruptions from adverse upwind and a impermanent closure astatine nan Labadee destination, Royal Caribbean Group continued to build connected its beardown capacity crossed each awesome markets.

Royal Beach Club Santorini: A Game-Changer for Greek Tourism

Royal Caribbean Group has unveiled plans for its latest exclusive land-based destination: Royal Beach Club Santorini, group to unfastened successful summer 2026. This exclusive nine will connection guests a breathtaking experience combining nan stunning volcanic beaches of Santorini pinch nan company’s signature picnic offerings. Situated connected 1 of nan world’s astir iconic Greek islands, nan Royal Beach Club will supply a seamless fusion of luxury cruising and land-based exploration, giving guests nan eventual Santorini day experience.

Guests will bask curated activities that harvester sightseeing tours of Oia’s white-washed buildings, nan blue-domed churches, and Fira’s shopping streets, alongside nan vibrant civilization and Mediterranean vibes of nan exclusive formation club. This summation to Royal Caribbean Group’s portfolio of backstage destinations emphasizes nan company’s ongoing committedness to expanding its land-based offerings and delivering unforgettable picnic experiences.

Royal Beach Club Santorini is nan latest summation to a increasing postulation of exclusive destinations, including nan Perfect Day astatine CocoCay successful nan Bahamas. By 2028, nan institution intends to grow its land-based destination offerings to eight locations, reinforcing its vacation ecosystem.

Third Quarter Financial Performance and Full-Year Outlook

Royal Caribbean Group’s third-quarter capacity underscores nan beardown fundamentals driving its business. The institution reported total revenues of $5.1 billion and Net Income of $1.6 billion for nan quarter. Adjusted EBITDA came successful astatine $2.3 billion, showcasing nan company’s effective costs guidance strategies and coagulated operational performance.

Some highlights from nan third-quarter capacity include:

• Bookings up by 7% year-over-year, pinch beardown momentum successful some new hardware (newly launched ships) and like-for-like hardware.
• A 112% load factor, indicating continued beardown request and businesslike capacity utilization.
• Onboard spending reaching caller heights, pinch 50% of revenue booked pre-cruise, and astir 90% of those pre-cruise bookings made via digital channels.
• The institution expects to spot net yields increase betwixt 2.6% to 3.1% successful nan fourth quarter, driven by some higher summons prices and beardown onboard spending.

The outlook for nan remainder of nan twelvemonth remains positive, pinch Royal Caribbean projecting Adjusted EPS maturation of astir 32% year-over-year, reinforcing its assurance successful nan robust capacity of its business segments.

Expansion of Vacation Ecosystem: Strong Demand for New Offerings

Royal Caribbean Group continues to spot important request for its caller offerings, driven by nan successful motorboat of Star of nan Seas and nan overwhelmingly affirmative consequence to Celebrity River, which sold retired almost instantly aft opening. Additionally, nan company’s upcoming launches, including Celebrity Xcel and nan Royal Beach Club Paradise Island, are expected to thrust further maturation successful nan company’s world portfolio.

Jason Liberty, President and CEO of Royal Caribbean Group, highlighted nan company’s beardown position going into 2026, noting that nan maturation trajectory is supported by:

• Innovative ships for illustration Star of nan Seas and Celebrity Xcel that person captured world attention.
• Exclusive destinations, including Royal Beach Club Santorini, designed to redefine nan picnic experience.
• An expanding vacation ecosystem that continues to pull a broader scope of travelers, expanding marque loyalty and expanding marketplace stock successful nan increasing $2 trillion picnic industry.

Sustainability and Future Outlook

Looking forward, Royal Caribbean Group is committed to sustainability and responsible tourism. As portion of its maturation strategy, nan institution continues to put successful eco-friendly practices, energy-efficient ships, and environmentally conscious destination developments. These efforts will not only thief mitigate nan effect of tourism connected section environments but besides position nan institution arsenic a leader successful responsible travel.

As for nan future, nan company’s expectations for 2026 and beyond stay strong, pinch nan imaginable to execute earnings per share of $17 by 2027. This is portion of nan company’s Perfecta Program, which targets a 20% compound yearly maturation rate successful Adjusted EPS from 2024 to 2027. With its strong equilibrium sheet and disciplined superior allocation, Royal Caribbean Group is poised to present accordant and robust maturation for years to come.

Conclusion: Setting Sail for a Bright Future

Royal Caribbean Group’s awesome third-quarter results, mixed pinch its strategical investments successful caller destinations, innovative ships, and world-class picnic experiences, position nan institution for continued success. With nan upcoming motorboat of Royal Beach Club Santorini successful 2026, Royal Caribbean is reshaping nan scenery of picnic experiences, offering travelers nan cleanable blend of luxury cruising and exclusive land-based adventures.

As nan institution sets its sights connected expanding its portfolio of destinations and cruise offerings, it remains well-positioned to lead nan cruise manufacture into a caller era of growth, innovation, and sustainable tourism.