Royal Caribbean outperforming Carnival in last minute bookings

In:
27Jul2011

Wells Fargo Leisure is reporting that pricing for North America cruise bookings made about 60 days prior to departure remain strong for cruises that go to the Caribbean and Canada.  

These analysts also indicated that Royal Caribbean has been out-performing Carnival Cruises in the last four weeks on close-in bookings.

This is good news for Royal Caribbean because they have a second quarter earnings call scheduled for tomorrow and analysts have changed their for 2011-12 earnings per share estimates from $3.30 to $3.76 (previously $3.28 to $3.73) on Royal Caribbean.

During the earnings call, analysts said they expect Royal Caribbean to reaffirm its 3% to 5% net yield guidance for 2011, and an earnings per share guidance of $3.10 to $3.30.