Core Insights - The company reported an occupancy rate of 83% in August, marking a 5 percentage point increase compared to the previous year [2] - Average Cabin Revenue (ACR) saw an approximate increase of 15% compared to August 2024 [2] - Total ticket revenue grew by nearly 15% year-over-year, although this growth was partially offset by one fewer roundtrip operated this year [2] - As of now, 68% of the 2025 capacity is booked, which represents about 91% of the full-year targeted cabin nights [2] - ACR is currently over 20% higher than the same time last year for the full year [2] - For 2026, 31% of capacity is already booked, with ACR more than 10% higher than the same time last year for 2025 [2] - Forward bookings indicate continued revenue growth and EBITDA margin expansion into 2026 [2]

Group 1 - Carnival Corporation & plc has scheduled a conference call with analysts on September 29, 2025, at 10 a.m. (EDT) to discuss its third quarter financial results, which will be released that morning [1] - The company is the largest global cruise company and among the largest leisure travel companies, with a portfolio that includes AIDA Cruises, Carnival Cruise Line, Costa Cruises, Cunard, Holland America Line, P&O Cruises, Princess Cruises, and Seabourn [2] - A simulcast of the conference call will be available on the company's websites [1] Group 2 - Carnival Corporation has completed the redemption of the remaining $322 million 5.750% senior unsecured notes due 2027 [4]

440k+Newsrooms &Influencers 9k+Digital MediaOutlets 270k+JournalistsOpted In GET STARTED Accessibility StatementSkip Navigation MIAMI, Sept. 10, 2025 /PRNewswire/ -- The Board of Directors of Royal Caribbean Cruises Ltd. (NYSE: RCL) today declared a quarterly dividend of $1.00 per common share payable on October 13, 2025 to shareholders of record at the close of business on September 25, 2025. "Today's dividend increase reflects both the strength of our performance and our commitment to return capital ...

Core Viewpoint - Holland America Line has announced its 2027 Canada & New England cruise season, featuring new itineraries that highlight the region's national parks, heritage, and iconic lighthouses, providing guests with immersive experiences and scenic views [1][4]. Itinerary Highlights - The 2027 season will include 20 voyages across 13 itineraries from May to October, with durations ranging from seven to 14 days, focusing on cities, culinary experiences, and natural wonders in Canada and New England [3][5]. - A new "9-Day Lighthouses & Harbors of Canada and New England" itinerary will depart from Montréal to New York City, visiting up to 10 lighthouses and offering 22 unique shore excursions [4][6]. - The "10-Day Canada & New England Circle: New France and Montreal" itinerary provides a roundtrip experience from Montréal, visiting various Canadian ports and destinations in New France [5]. - The "11-Day Canada & New England Circle: Maritimes and New France" itinerary allows guests to visit five national parks, including Gros Morne National Park and Jacques-Cartier National Park [6]. Onboard and Shore Experiences - Guests will enjoy Destination Dining, featuring local flavors such as Maine lobster and Boston baked beans, along with unique culinary experiences like a poutine bar and cheese and wine celebrations [7][8]. - Shore excursions will connect guests with local culture, including interactions with farmers and artisans, enhancing the immersive experience [8]. Booking Incentives - Holland America Line is offering a "Have It All Early Booking Bonus," which includes amenities such as shore excursions, specialty dining, and beverage packages for guests who book early [10]. Company Background - Holland America Line has over 150 years of experience in the cruise industry, visiting nearly 400 ports in 114 countries, and focuses on destination immersion and personalized travel experiences [11].

Core Points - Carnival Corporation & plc has raised $250,000 for World Central Kitchen since 2022 through its "Keep the Change" program, which encourages guests to donate spare change from casino winnings [1][2] - The "Keep the Change" program allows guests on six cruise lines to donate a portion of their casino winnings, with proceeds supporting meal relief efforts for those affected by humanitarian, climate, and community crises [2][3] - Carnival Corporation has a long-standing partnership with World Central Kitchen, contributing to various relief efforts, including support for emergency workers during the California wildfires in 2025 and hurricane relief efforts in 2024 [3][4] Company Initiatives - The "Keep the Change" program is part of Carnival Corporation's broader strategy to reduce food waste and support local communities, including donating meals to food banks [5] - The company emphasizes responsible gaming practices in its onboard casinos, providing a safe and enjoyable gaming environment for guests [4] Industry Context - Carnival Corporation is the largest global cruise company, operating a portfolio of world-class cruise lines, and is committed to making a positive impact on communities and the environment [6][7]

Core Viewpoint - Carnival Corporation has completed the redemption of approximately $322 million of its 5.750% senior unsecured notes due 2027, indicating a strong focus on improving its balance sheet and capital structure [1][2]. Group 1: Financial Actions - The redemption of the senior unsecured notes is part of the company's strategy to rebuild its investment-grade balance sheet and reduce interest expenses [2]. - The total amount redeemed was approximately $322 million, reflecting the company's proactive financial management [1]. Group 2: Company Overview - Carnival Corporation & plc is recognized as the largest global cruise company and one of the largest leisure travel companies, operating a diverse portfolio of cruise lines including AIDA Cruises, Carnival Cruise Line, Costa Cruises, Cunard, Holland America Line, P&O Cruises, Princess Cruises, and Seabourn [3].

Core Insights - Carnival Corporation & plc (CCL) and Royal Caribbean Cruises Ltd. (RCL) are two major players in the cruise industry, each adopting different strategies to capitalize on the recovery in leisure travel [1][2] - Investors are assessing travel stocks based on demand momentum, margin sustainability, capital discipline, and balance sheet resilience [2] Carnival Corporation (CCL) - Carnival is focusing on a multi-brand strategy, destination-led investments, and margin improvements, achieving eight consecutive quarters of record revenues and yields [4][7] - The company reported a 26% increase in EBITDA and a 67% rise in operating income year-over-year for Q2 2025, with EBITDA margins at their highest in nearly two decades [4] - Upcoming projects include the launch of Celebration Key and expansions at Half Moon Cay and Mahogany Bay, aimed at enhancing demand and pricing premiums [5] - Despite near-term cost pressures, including a projected 7% rise in cruise costs ex-fuel for Q3 2025, Carnival's scale and improved balance sheet support its recovery [6][7] - The Zacks Consensus Estimate for CCL suggests a 5.9% increase in sales and a 40.9% increase in EPS for fiscal 2025 [11] Royal Caribbean Cruises Ltd. (RCL) - Royal Caribbean is pursuing a premium-positioned model with moderate capacity growth and innovative ship launches to enhance vacation experiences [8] - Recent fleet additions include Star of the Seas and the upcoming Celebrity Xcel, along with exclusive destination projects to drive yield improvement [9] - The company is advancing in digital adoption, with loyalty members accounting for 40% of bookings, contributing to higher revenue per guest [10] - RCL faces near-term margin pressures due to elevated operating costs and new ship ramp-up expenses [10] - The Zacks Consensus Estimate for RCL indicates a 9.1% increase in sales and a 32.2% increase in EPS for 2025 [15] Stock Performance and Valuation - CCL stock has surged 40.7% in the past three months, outperforming the industry and S&P 500, while RCL shares have increased by 43.5% [17] - CCL is trading at a forward P/E ratio of 14.21X, below the industry average of 19.75X, while RCL's forward P/E is 19.87X [20] - Carnival is viewed as a more compelling investment due to its broader brand portfolio, disciplined margin expansion, and structural improvements [22][23] - The combination of value, operational leverage, and balance sheet improvement positions Carnival favorably for sustainable shareholder returns [24]

Core Insights - Royal Caribbean Cruises Ltd. (RCL) has seen a stock increase of 38.4% over the past three months, outperforming the Zacks Leisure and Recreation Services industry's 15.2% rise and the S&P 500's growth of 9.9% [1][2][8] Group 1: Growth Drivers - The recent stock surge is attributed to stronger-than-expected close-in demand and contributions from the TUI Cruises joint venture, with booking trends remaining robust into 2025 and 2026 [2][3] - Royal Caribbean's growth is supported by a strong pipeline of new ships, expansion into high-margin private destinations, and entry into river cruising, which are expected to enhance financial targets for 2027 and beyond [3][9] - Record load factors of 110% in Q2 2025 and strong booking volumes indicate resilient demand for cruise vacations, allowing the company to raise its full-year earnings per share (EPS) guidance by 31% year over year [7][12] Group 2: Financial Performance - The company expects adjusted EPS for 2025 to be between $15.41 and $15.55, an increase from previous estimates, reflecting strengthened analyst confidence [12] - Net yields rose more than 5% year over year in Q2, with onboard spending reaching record levels, contributing to improved margins and cash flow growth [10][11] Group 3: Challenges and Cost Pressures - Royal Caribbean faces rising cost pressures, with net cruise costs excluding fuel increasing by 2.1% year over year in Q2 2025, and projected to rise by 6% to 6.5% in Q3 [18][19] - The company is also dealing with external factors such as geopolitical tensions that could disrupt itineraries and affect booking momentum [20] Group 4: Valuation and Market Position - RCL is currently trading at a forward 12-month price-to-earnings (P/E) multiple of 18.96X, slightly below the industry average, indicating an attractive investment opportunity [22] - The stock is trading above its 50-day moving average, suggesting solid upward momentum and price stability [24] Group 5: Investment Outlook - The current investment verdict for Royal Caribbean is to hold, as the company navigates rising cost pressures while aiming for sustainable margin expansion [27][28]

Core Insights - Carnival Corporation & plc (CCL) shares have increased by 34% over the past three months, outperforming the Zacks Leisure and Recreation Services industry's growth of 16.3% and the S&P 500's growth of 10.2% [1][9] - The company's performance is driven by strong consumer demand, resilient macroeconomic trends, and favorable pricing across its fleet [2][6] Performance Drivers - Strong consumer demand has led to record results, with yields rising nearly 6.5% year over year, exceeding guidance by 200 basis points [6] - Customer deposits have reached all-time highs, indicating confidence in Carnival's brands despite global volatility [6] - Carnival is expanding its destination portfolio, with new enhancements aimed at elevating guest experiences and capturing market share from land-based vacations [10] Financial Metrics - In the fiscal second quarter, unit costs were 200 basis points better than guidance, and EBITDA margins reached their highest levels in nearly two decades [12] - The net debt-to-EBITDA ratio improved to 3.7, reflecting progress in debt reduction efforts [12] - The Zacks Consensus Estimate for Carnival's fiscal 2025 EPS has been revised upward from $1.88 to $2.00 over the past 60 days, indicating strong analyst confidence [13][17] Cost and Risk Factors - Cruise costs, excluding fuel, are projected to rise by 7% year over year in the third quarter of fiscal 2025 due to various factors including launch expenses and higher advertising spend [18] - Geopolitical risks, particularly related to the Middle East, have the potential to disrupt booking momentum and create near-term volatility [19] - The rollout of a new loyalty program in 2026 may temporarily pressure financials, with an estimated 50-basis point drag on yields in the first year [20] Valuation and Technical Analysis - Carnival stock is currently trading at a forward 12-month price-to-earnings (P/E) multiple of 13.44, below the industry average of 19.18, indicating an attractive investment opportunity [21] - The stock is trading above its 50-day moving average, suggesting solid upward momentum and price stability [22] Investment Outlook - While Carnival's strong demand trends and progress on deleveraging support its long-term growth story, near-term challenges warrant caution [26] - Investors are advised to monitor the company's ability to sustain pricing momentum and control costs before committing new capital [27]

Core Insights - Royal Caribbean Cruises Ltd. (RCL) is expanding its capacity through a steady pipeline of new ships, aiming to strengthen demand in 2025 [1] - The company's strategy focuses on moderate capacity growth to drive pricing power, attract new guests, and support yield expansion [1] Capacity and Growth - In Q2 2025, RCL's capacity increased by 6% year over year, supported by new ships and improvements in the existing fleet [2] - Net yield growth of 5.2% was evenly split between new hardware and the current portfolio, with new ships generating strong pricing and load factors [2] - The delivery of Star of the Seas and the launch of Celebrity Xcel are expected to boost Q4 capacity by 10% year over year [3] Future Plans - RCL plans to introduce seven new ships over the next few years, including Legend of the Seas in 2026 and Icon 4 in 2027, aimed at enhancing global reach and diversifying offerings [4] - The fleet growth is part of a broader demand strategy supported by exclusive destinations, digital engagement, and loyalty programs [5] Competitive Landscape - Norwegian Cruise Line Holdings Ltd. (NCLH) is pursuing a fleet growth strategy with a projected 29.7% gross capacity expansion by 2028, reflecting a CAGR of about 4% from 2023 [6] - Carnival Corporation & plc (CCL) is advancing its fleet strategy through newbuilds and refurbishments, with plans for new ships in 2027 and 2028 [7] Financial Performance - RCL shares have gained 28.2% in the past three months, outperforming the industry's growth of 6.7% [8] - RCL trades at a forward price-to-sales ratio of 4.47x, significantly higher than the industry's average of 2.33x [11] - The Zacks Consensus Estimate for RCL's 2025 and 2026 earnings implies year-over-year increases of 32.2% and 17.7%, respectively [12]