Royal Caribbean's Q1 profit rises 62%

By Tom Stieghorst
Royal Caribbean Cruises Ltd. said it earned a $76.2 million net profit in the first quarter, up from $47 million a year earlier.

Revenue rose to $1.91 billion from $1.83 billion.

Chairman Richard Fain said the outlook for the balance of 2013 remains unchanged. Since the beginning of the year, booking volume has averaged 5% ahead of 2012.

RCCL said North American bookings have been strong, with the exception of a "modest disruption to Caribbean demand which the company attributes to adverse industry media coverage."

Demand from European customers strengthened in early February, and RCCL expects ongoing pricing improvement in Europe, but demand in China weakened because a territorial dispute with Japan forced itinerary changes.

Follow Tom Stieghorst on Twitter @tstravelweekly. 
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