01 Mar 2012
Royal Caribbean is reporting that bookings for its cruises have made improvements in recent weeks, after taking a bit of a stumble due to the Costa Concordia disaster.
While Royal Caribbean admitted in a filing with the Securities and Exchange Commission that the pace of bookings is lower than this time last year, they are seeing improvement in revenue build .
Royal Caribbean noted that booked load factors (which is a measure of occupancy) is at about the same level as they were at this time last year but at higher prices. Royal Caribbean also believes the Concordia incident will not impact long term bookings.
