By Sanskriti Shekhar
July 28 (Reuters) - Royal Caribbean raised its annual profit forecast on Tuesday after beating quarterly estimates, sending its shares up 5%, even as it factored in a modest hit to bookings due to the travel disruptions caused by the Middle East conflict.
Geopolitical uncertainty linked to the U.S.-Iran conflict has made some travelers wary of booking cruises, hurting demand for certain itineraries and adding to fuel-cost pressures for operators.
Royal Caribbean said bookings for some sailings, including Mediterranean itineraries, have been modestly hit, primarily in the third quarter.
"When you include a cruise plus the airfare (to get to the ports), it's a little bit more costly (for American consumers)," CEO Jason Liberty said, adding travelers are either putting off their trips to next year or opting for the Caribbean instead of Europe.
#conflict #itineraries #shekhar #july
July 28 (Reuters) - Royal Caribbean raised its annual profit forecast on Tuesday after beating quarterly estimates, sending its shares up 5%, even as it factored in a modest hit to bookings due to the travel disruptions caused by the Middle East conflict.
Geopolitical uncertainty linked to the U.S.-Iran conflict has made some travelers wary of booking cruises, hurting demand for certain itineraries and adding to fuel-cost pressures for operators.
Royal Caribbean said bookings for some sailings, including Mediterranean itineraries, have been modestly hit, primarily in the third quarter.
"When you include a cruise plus the airfare (to get to the ports), it's a little bit more costly (for American consumers)," CEO Jason Liberty said, adding travelers are either putting off their trips to next year or opting for the Caribbean instead of Europe.
#conflict #itineraries #shekhar #july
17 hours ago
