(Reuters) – Royal Caribbean Group raised its annual profit forecast on Thursday for the third time this year on the back of continued demand for cruise vacations and higher ticket pricing.
The company, along with peers such as Norwegian Cruise Line and Carnival, has raised ticket prices, capitalizing on record demand.
Cruise vacations have remained cheaper than land-based alternatives, making them more appealing amid sticky inflation in the United States.
Royal Caribbean forecast annual adjusted earnings per share between $11.35 and $11.45, compared with its earlier expectations of $10.70 to $10.90.
(Reporting by Juveria Tabassum and Doyinsola Oladipo; Editing by Krishna Chandra Eluri and Shounak Dasgupta)
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