Royal Caribbean sells ocean vacations on 61 ships sailing to roughly 1,000 destinations. Think floating resorts that move from port to port.
Ticket sales plus onboard extras like drinks, excursions, and casinos drive USD 17.93B annual revenue. Net margins hit 23.56% TTM, with recurring bookings softening demand swings.
Scale in shipbuilding, port access, and brand loyalty create high entry barriers against Carnival and Norwegian Cruise Line. However, new vessels from smaller lines and shifting land-based travel preferences are eroding pricing power.
Buy (sector percentile 76) — value C+, growth C+, profitability A, momentum B-, revisions A. Updated daily, sector-relative, identical for every user.
