Royal Caribbean raises annual profit forecast on steady demand

© Reuters. File photo: Royal Caribbean logo and stock graph are seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration/File photo -Royal Caribbean Group raised its full-year profit forecast on Thursday, backed by higher ticket prices as well as steady demand from affluent customers for leisure travel.

The cruise company said occupancy in the third quarter was 109.7%, up from 105% reported in the second quarter. The company expects annual adjusted profit between $6.58 and $6.63 per share, compared with its earlier forecast of $6.00 to $6.20.We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: Include punctuation and upper and lower cases.

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