Royal Caribbean Profits Fall 37 Percent
Royal Caribbean Cruises posted revenue that was 37 percent less than the a year ago during the busiest quarter of the year. The cruise line was not disappointed with the earnings report, but with all the bad news over the past few months, cruising as a whole has taken a hit.
Profit in the January-through-March quarter dipped to $119.5 million from $189.6 million. Revenue fell 2 percent to $1.15 billion from $1.17 billion.
But the world’s second-largest cruise ship operator managed to beat Wall Street’s expectations, as its stock rose $1.22 to $42.77 in New York Stock Exchange trading.
Wall Street analysts were encouraged that onboard spending remained strong, pushing revenue for each cabin, known as yields, up 1.9 percent. Royal Caribbean now expects yields will rise 3 percent to 4 percent for the year, based on a positive “pace of bookings.”
Royal Caribbean’s upbeat outlook contradicted a more cautionary note that sounded last month by its Miami-based rival Carnival Corp.
”This was a positive surprise for everybody,” said Felicia Kantor Hendrix, an analyst at Lehman Brothers in New York. “The Caribbean could be challenging for them, but they have so much going on that they’re able to offset that.”
As Delta Air Lines prepares to exit bankruptcy they are working hard to change the focus of the airline to more of an international carrier. They are looking to increase international revenue to 35 percent from the present 20 percent, and they are hoping that successful growth in the Caribbean will help them achieve these goals.
After the horrific fire aboard the Star Princess that killed 1 and injured 11 that started aboard a passengers balcony, Princess cruises has initiated a policy to address balcony fires. The cruise industry has been under tremendous scrutiny this past year and the Star Princess fire was one of many instances that caused the industry a black eye.
When going on a cruise, there are many opportunities to experience the unique nature of the islands the cruise ship is taking you to, you have to remember that there are some risks. The cruise ship typically has no liability for you while you are off ship unless on an excursion that is sponsored by the ship.
Diving and historical ship tours are coming together as the USS Oriskany will be sunk in the Gulf of Mexico off of Pensacola, Florida to serve as a man made reef for diving. This is a great combination of using what otherwise would be scrap as a ecological and tourism magnet, not to mention how much the fish will enjoy the addition. 
Bob Marley, the man who put Reggae and Jamaican music on the international stage, will be honored by having his house turned into a national monument in Jamaica. The home is one of the top tourist attractions in Jamaica, and now will be recognized by the government.
It is looking like the Island of St Kitts is moving their primary income source from sugar farming to tourism, and they are not taking any halfway measures in the process. With major investments in the airport, hotels, and recreational infrastructure, the island has a chance to be a top notch destination in the future.