Royal Caribbean Group said that its 2021 bookings have improved
over the last two months and that pricing for next year would actually be up
slightly without the drag from future cruise credits (FCCs).
In a regulatory filing, the company said, “Our bookings for 2021
have continued to improve over the last two months, although still below
pre-Covid-19 levels.”
Pricing for those bookings is relatively flat year-over-year when
including the impact of bookings made with FCCs and slightly up year-over-year
when excluding them, the company said.
It said that slightly more booked passengers are opting for a full
refund now (50%), than were doing so in August (48%). That 50% FCC uptake is
higher than Carnival Corp. brands, which reported that 55% requested refunds.
Carnival Corp. last week reported that its 2021 pricing
would be on par with last year’s without the effect of the value of FCC.
Royal Caribbean Group said that as of Sept. 30 its customer
deposit balance was not “materially different” than it was on June 30, with
$1.8 billion. The company also reported this week said it was looking to
raise $1 billion through the sale of stock and senior convertible notes.