1057 ET - Royal Caribbean is logging growth that the management called counterintuitive as consumer confidence generally trends down. The cruise line recorded higher revenue and earnings than it expected, particularly for close-in bookings, as travelers of all incomes continued buying tickets and spending onboard, executives told investors. That contrasts with airlines' comments this month that consumers are spending less on travel. Executives attributed the growth to cruises' lower prices than land-based vacations. "When there's economic concern, that value gap is actually a pretty good buffer for us to deliver experiences and see guests willing to pay for those experiences," Chief Executive Jason Liberty said. (katherine.hamilton@wsj.com)
(END) Dow Jones Newswires
April 29, 2025 10:57 ET (14:57 GMT)
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