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Occupancy Percentage
Indicates the proportion of available cabins filled, reflecting demand for cruises and operational efficiency in maximizing passenger capacity.Occupancy surged from pandemic troughs to a new, seasonal norm—summer peaks above 110% and off‑peak quarters around 102–104%—reflecting tight inventory and strong pricing power. Management confirms this is by design: they've intentionally traded a few occupancy points in Europe to protect yields, and record advance bookings and pricing support higher margins and aggressive buybacks. The key risk remains geopolitical disruption (Middle East) that can dent European demand and onboard spend, forcing further occupancy/price trade‑offs in the near term.
Date | Occupancy Percentage |
|---|---|
Aug 31, 2026 | 112.00 |
May 31, 2026 | 104.00 |
Feb 28, 2026 | 103.00 |
Nov 30, 2025 | 102.00 |
Aug 31, 2025 | 112.00 |
May 31, 2025 | 104.00 |
Feb 28, 2025 | 103.00 |
Nov 30, 2024 | 103.00 |
Aug 31, 2024 | 112.00 |
May 31, 2024 | 104.00 |