Royal Caribbean on 2012
Royal Caribbean Cruises’ executives expressed optimism about 2012 in the company’s Q3 earnings call, but also cautioned that they cannot predict how the political situation and deteriorating consumer confidence in North America and Europe will impact the market. Meanwhile, according to CEO and Chairman Richard Fain, the company is seeing a good level of bookings for 2012 – at higher load factors and at higher prices than a year ago, and that despite the circumstances, there has been little slowdown. Fain also said it was important to recognize the volatility around political and economical headlines creating a great deal of uncertainty. Despite being cautious about predicting 2012, he noted that Royal Caribbean’s revenue management team is looking forward to further yield improvement throughout the year.
Norwegian Reports Q3
Norwegian Cruise Line has reported net income of $110.2 million on revenues of $666.6 million for the third quarter ended Sept. 30, 2011, compared to net income of $93.0 million on revenues of $634.1 million for Q3 of last year. For the nine-month period Norwegian reported net income of $128.7 million, on revenues of $1.7 billion for this year, compared to net income of $61.9 million on revenues of $1.5 billion last year.
Steiner Leisure Reports Q3
Steiner Leisure, which operated spas on 154 ships during Q3, has reported net income of $11.8 million, or $0.77 per share, on revenues of $179.4 million, compared to net income of $11.8 million, or $0.78 per share, on revenues of $161.1 million last year. Steiner’s statistics changed a little bit on its quarter-over-quarter reporting with average revenue per staff day dropping to $434 this year from $442 last year. Spa ships dropped from $455 to $448, while non-spa ships went up to $320 from $314. However, the company served 116 spa ships and 38 non-spa ships during Q3 of this year.
And there is more: CruiseCompete has introduced a price index: OpenChime encourages passengers to book shore excursions directly with vendors, bypassing cruise lines; Italy celebrates its Cruise Day; and more.
For the full reports, please read the Nov. 8, 2011 edition of Cruise Industry News, the Newsletter, click here to subscribe.