Core Insights - Celebrity Xcel will introduce seven new elevated experiences designed to enhance guest enjoyment and create lasting memories [1][6] - The ship will feature innovative spaces such as the Celebrity Pool Club, Attic at The Club, and The Spa, each offering unique activities and relaxation options [1][3][4] Group 1: New Experiences - The Celebrity Pool Club will provide an all-day, all-night poolside experience with amenities like poolside chilled towels and private cabanas [1] - The Poolest Day EverSM will transform the pool area on sea days into a vibrant event with live music, games, and exclusive drinks [2] - Attic at The Club will be a 24/7 adults-oriented lounge featuring retro games and private event spaces for group activities [3] Group 2: Spa and Wellness - The Spa on Celebrity Xcel will include the first-ever Hydra RoomSM, offering a water-focused wellness experience with therapeutic benefits [4] - The new outdoor Vitamin D DeckSM will provide guests with a relaxing space to enjoy ocean views and complimentary beverages [4] Group 3: Retail and Community Engagement - The Celebrity Flagship store will serve as an interactive retail experience, allowing guests to engage with the brand and create personalized mementos [5] - The Xcel 'Dream Makers' program invites guests to participate in shaping new onboard experiences, influencing culinary and entertainment options [7] Group 4: Itineraries and Future Plans - Celebrity Xcel will begin its inaugural season from Fort Lauderdale in November, offering seven-night itineraries to various Caribbean destinations [8] - In Summer 2026, the ship will embark on its inaugural European season with journeys from Barcelona and Athens, including overnight stays in Madeira, Portugal [8]

Key Takeaways CCL is leaning on high-impact marketing as fleet growth slows, with no new ships in 2026. Campaigns tied to major events drove media impressions and boosted net yields by 7.3%. CCL has over 80% of 2025 capacity booked and 2026 booking volumes at record levels.Carnival Corporation & plc (CCL) is making an aggressive pivot toward high-impact marketing to drive bookings amid minimal capacity growth. With no new ship deliveries in 2026 and only three scheduled over the next four years, the cruis ...

Core Insights - Royal Caribbean Cruises Ltd. (RCL) shares have increased by 17.8% in the past month, outperforming the Zacks Leisure and Recreation Services industry's 10.1% rise and the S&P 500's growth of 6.3% [1][2] Group 1: Growth Drivers - Strong demand for cruise vacations is evident, with record-breaking bookings during the 2025 WAVE season, indicating consumer willingness to spend on leisure travel [7] - Fleet expansion is a significant catalyst, with new ships like Icon of the Seas and Utopia enhancing guest satisfaction and premium pricing [9] - Operational efficiency has improved margins, with a reported 35% EBITDA margin in Q1 2025, reflecting a 360-basis-point improvement year over year [10] Group 2: Financial Performance - Earnings per share (EPS) estimates for 2025 have been revised upward from $14.95 to $15.36 over the past 60 days, indicating strengthened analyst confidence [12] - RCL's forward 12-month price-to-earnings (P/E) multiple is 16.33X, below the industry average of 18.16X, suggesting an attractive investment opportunity [20] Group 3: Strategic Initiatives - Investments in digital innovation and exclusive private destinations are enhancing competitive advantages, with initiatives like the Royal Beach Club aimed at offering differentiated experiences [11] - Enhanced loyalty programs and app-based engagement are increasing guest retention and pre-cruise spending [11] Group 4: Challenges - Despite strong demand, RCL faces macroeconomic uncertainties and rising costs, which could impact consumer spending behavior [17] - Transitional pressures from fleet expansion and new ship rollouts may temporarily affect yield performance [19]

Key Takeaways CCL's onboard revenue strategy is gaining traction on strong close-in demand. Upgrades like chef partnerships and tech enhancements are boosting guest engagement and spend. CCL aims to sustain momentum with high bookings through fiscal 2025.Carnival Corporation & plc (CCL) is seeing an encouraging lift in onboard revenues, highlighting a strategic shift, which is adding muscle to its bottom line. In the first quarter of fiscal 2025, onboard revenues grew approximately 10% year over year and ...

Core Viewpoint - Royal Caribbean Cruises Ltd. (RCL) reported mixed first-quarter 2025 results, with adjusted earnings exceeding expectations while revenues fell short, although both metrics showed year-over-year growth [1][3]. Financial Performance - Adjusted earnings per share (EPS) for Q1 2025 were $2.71, surpassing the Zacks Consensus Estimate of $2.53 by 7.1%, compared to $1.77 in the prior-year quarter [3]. - Quarterly revenues reached $4 billion, missing the consensus mark by 0.2%, but up 7.3% from $3.72 billion year-over-year [3]. - Passenger ticket revenues increased to $2.74 billion from $2.54 billion in the prior-year quarter, aligning with estimates [4]. - Onboard and other revenues rose to $1.26 billion from $1.19 billion year-over-year, exceeding estimates [4]. - Total cruise operating expenses were $2.08 billion, up 1.1% year-over-year, below estimates [4]. Cost and Yield Metrics - Net yields increased by 5.6% on a constant currency basis and 4.7% on a reported basis compared to Q1 2024 [5]. - Net cruise costs, excluding fuel, per Available Passenger Cruise Day (APCD) decreased by 0.1% on a constant currency basis and 0.3% on a reported basis year-over-year [5]. Balance Sheet and Cash Flow - As of March 31, 2025, cash and cash equivalents were $386 million, slightly down from $388 million at the end of 2024 [6]. - Long-term debt decreased to $17.99 billion from $18.47 billion at the end of 2024, with the current portion of long-term debt also declining [6]. Booking Trends - The company experienced strong booking trends during the WAVE season, with April bookings surpassing the same period last year [7]. - Customer deposits as of March 31, 2025, were $6.33 billion, up from $5.5 billion in the prior-year period [8]. Management Outlook - Management expressed optimism regarding ongoing consumer enthusiasm for new offerings, which is expected to drive yield growth throughout 2025 [9]. - For Q2 2025, the company anticipates adjusted EPS between $4 and $4.10, with net yields projected to increase by 4.4-4.9% on a reported basis [10][11]. - For the full year 2025, adjusted EPS is expected to be between $14.55 and $15.55, an increase from previous expectations [12].

Accessibility StatementSkip Navigation "Reconnecting with loved ones over new experiences is important to Celebrity guests. Celebrity Xcel will be their happy place with new dining options and all-new entertainment and activities creating endless opportunities to 'Date Night, All Day Long'," said Michael Scheiner, chief marketing and product officer of Celebrity Cruises. "These elevated new experiences will invite guests to discover something new while creating shared memories."  The hardest part of a day o ...