Royal Caribbean Reports March Cruise Booking Slowdown
Royal Caribbean stock, ticker RCL, rose 6 percent despite falling approximately 9 percent so far this year. April bookings are reportedly exceeding last year's levels. The company is seeing strength in last-minute reservations and high-yield Mediterranean trips. Wall Street analysts view this demand as resilience against headwinds including higher fuel costs and the war with Iran. The company noted that bookings are beginning to pick up again in April. The slowdown was attributed specifically to the regional conflict.
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Sources · 7 independent
Bloomberg Radio
“that stock, ticker symbol, RCL, up 6% had fallen about 9% so far this year. So believe it or not, demand remains resilient for Royal Caribbean. It says April bookings are exceeding last year.”
WTOP Washington DC
“Royal Caribbean says cruise bookings did slow in March due to the war with Iran, but bookings are now picking up again in April.”
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