Net cruise costs excluding fuel are expected to be up in the range of 4.6 to 5.1 in constant currency. This quarter has almost 400 basis points of cost headwinds related to additional dry dock days and year-over-year comparisons, as well as increased costs, mostly related to crew travel, resulting from air travel disruption and reduced capacity.

Apr 30, 2026 / receipt, needs a key / Jason, CEO | earnings call 2026-04-30 | transcript 6df67a88-4c11-4235-91e7-be159b4ac077 | chars 25511-25858 | segment 26

We are removing friction and unlocking travel planning by investing in a modern digital travel platform, making it easier than ever for guests to book their dream vacations while allowing us to expand wallet share.

Apr 25, 2024 / receipt, needs a key / Jason Liberty, CEO | earnings call 2024-04-25 | transcript edf699a6-16d5-40eb-855b-7d1a5b820af4 | chars 11262-11476 | segment 11

I think when you frame that the $1.9 trillion travel space, and of course that's a growing number, cruises $65 billion of that $1.9 trillion. So we're a very, very small fraction. And I think something we've talked about before is a 1% shift is worth 11 Oasis-class ships to us. And so for us, when you look at things like Perfect Day, when you look at things like the Royal Beach Club, when you look at things like Utopia, you look at things like what we're doing on Edge and Nova, it's very purposeful, less about what's happening with other cruise operators. It's more how do we take further share? How do we compete with Orlando? How do we compete with Las Vegas? How do we compete with other land-based alternatives? to grab that share where, as we know today, currently trades at least at a 25% or 30% premium to what we're getting. So that value, we want to close that gap to land-based vacation, and we want to take share.

Apr 25, 2024 / receipt, needs a key / Jason, other | earnings call 2024-04-25 | transcript edf699a6-16d5-40eb-855b-7d1a5b820af4 | chars 32906-33836 | segment 34

And our guests, there is overlap between Royal and Celebrity and Royal and Silver Sea and vice versa because you could have a set of grandparents on Silver Sea that next month are going on a cruise with their kids and grandkids on the Royal Caribbean brand. That happens all the time. And one of our ultimate goals here is to make sure that we keep our customer and our ecosystem safe. And so we do that, whether that's through awareness of our brands, whether that's through loyalty programs, whether that's through cross-selling, et cetera. And those are things that we have an opportunity to get better and better at, especially as our travel platform technology-wise is more flexible.

Apr 25, 2024 / receipt, needs a key / Jason T. Liberty, CEO | earnings call 2024-04-25 | transcript edf699a6-16d5-40eb-855b-7d1a5b820af4 | chars 47246-47934 | segment 49

Our goal is to keep our customers in our ecosystem, and we're building, as I mentioned in my notes, a travel platform on a technology basis that makes sure that our guests, through loyalty as well as experiences, stay within that ecosystem.

Feb 1, 2024 / receipt, needs a key / Jason, CEO | earnings call 2024-02-01 | transcript 2fc68fec-a403-4c54-9e5c-067e2861711e | chars 36293-36533 | segment 36

And I, the last point I'll make is, you know, I know we, we really, we focus these conversations on the industry, but I really think we need to more and more focus the conversation on, on land or just overall vacation experiences. The cruise industry is a sliver. of overall vacation and travel and leisure. A 1% shift towards cruise is worth, I think it's like 10 or 11 Oasis-class ships. So we're focused on how do we continue to be more competitive with land. And we're seeing that with the younger generations who really look at us very much similar to how they would look to go to Orlando or Vegas or skiing, etc., And if we can close that gap, if we can close half of that gap and get back to where we were, that's also worth probably about 10 Oasis-class ships. So we're heavily focused on trying to do that.

Oct 26, 2023 / receipt, needs a key / Vince, other | earnings call 2023-10-26 | transcript a0d00731-6e64-403f-af3b-aba4fa2a2b6d | chars 37158-37973 | segment 38

We have been very happily surprised by how strong we're seeing the consumer plan their vacation travel and to see that our booking window is now within a couple weeks of what it has normally been. And that includes a lot of acceleration for short closing products, especially as we've increased more of our three-, four-, and five-night products is really encouraging overall.

Feb 7, 2023 / receipt, needs a key / Brandt Montour, other | earnings call 2023-02-07 | transcript e8e866a8-d621-4c91-b7ee-eba9c6ca7adc | chars 35739-36115 | segment 36

Entertainment and travel spend remain strong, and the job market continues to show resilience.

Feb 7, 2023 / receipt, needs a key / Jason Liberty, CEO | earnings call 2023-02-07 | transcript e8e866a8-d621-4c91-b7ee-eba9c6ca7adc | chars 4674-4768 | segment 4

China was one of the fastest growing markets, and we believe will continue to be an important part of our strategy going forward. However, as you know, China is essentially closed to international travel today, and that includes cruise travel. We do not expect China to reopen until at least the Olympics in Beijing are over.

Oct 29, 2021 / receipt, needs a key / Richard Fain, CEO | earnings call 2021-10-29 | transcript 8d86a44e-9f63-46c5-84db-702d9aa9410d | chars 7053-7378 | segment 7

Another important market for us is Australia. Australia's approach to containing the pandemic has been based on isolation. They are now rapidly switching to the vaccines as a way of controlling the disease. We do not expect Australia to open to cruise travel until the spring. But since this summer season doesn't start until our next winter anyhow, we're not counting on much from Australia until the end of next year.

Oct 29, 2021 / receipt, needs a key / Richard Fain, CEO | earnings call 2021-10-29 | transcript 8d86a44e-9f63-46c5-84db-702d9aa9410d | chars 7379-7798 | segment 7

Yeah, actually, that is a very important point. There's simply no question that the restrictions on international travel, both the absolute restrictions and the psychological restrictions, have made people be much more regional than normal.

Oct 29, 2021 / receipt, needs a key / Jason, CFO | earnings call 2021-10-29 | transcript 8d86a44e-9f63-46c5-84db-702d9aa9410d | chars 43941-44181 | segment 45

Our goal is to start the new year with smooth, steady, consistent operations that will give our guests comfort and give travel advisors the confidence to book future cruises.

Oct 29, 2021 / receipt, needs a key / Richard Fain, CEO | earnings call 2021-10-29 | transcript 8d86a44e-9f63-46c5-84db-702d9aa9410d | chars 4618-4792 | segment 4