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Average Occupancy Rate
Shows the share of available berths filled on sailings, reflecting pricing power and demand management. Higher occupancy boosts revenue per voyage and margin leverage; persistent low occupancy signals need for discounts or deeper marketing.Sustained occupancy at or above “full” levels since 2023 points to demand that has outpaced pre‑COVID norms and underpins Royal Caribbean’s confident double‑digit revenue and EPS targets—supporting higher APDs, strong onboard spend and capital returns. That strength also creates a ceiling: with limited inventory left to sell, incremental upside will come from added capacity (new ships) and yield optimization rather than higher load factors, so watch fuel, dry‑dock costs and regional booking softness for near‑term margin volatility.
Date | Average Occupancy Rate |
|---|---|
Jun 30, 2026 | 110.20 |
Mar 31, 2026 | 108.50 |
Dec 31, 2025 | 107.80 |
Sep 30, 2025 | 112.10 |
Jun 30, 2025 | 110.30 |
Mar 31, 2025 | 108.80 |
Dec 31, 2024 | 107.60 |
Sep 30, 2024 | 111.00 |
Jun 30, 2024 | 108.20 |
Mar 31, 2024 | 107.00 |