ROYAL Caribbean Cruises (RCL) has admitted construction of newbuilds will certainly be delayed amid the COVID-19 pandemic, but has retained some positivity, with booking levels for 2021 having not yet taken a hit. In a business update provided Sat, RCL said its booked position for 2021 was within “historical ranges”,...
ROYAL Caribbean Cruises (RCL) has admitted construction of newbuilds will certainly be delayed amid the COVID-19 pandemic, but has retained some positivity, with booking levels for 2021 having not yet taken a hit.
In a business update provided Sat, RCL said its booked position for 2021 was within “historical ranges”, while acknowledging there would be delivery delays for ships slated for this year and the next, most likely Odyssey of the Seas and Wonder of the Seas.
RCL said its bookings for 2020 are “meaningfully lower” than the same time last year, with cruises currently cancelled until at least 11 Jun (CW 17 Apr), but more pax are opting for credits.
Approximately 45% of guests who have had a cruise cancelled have opted for a 125% future cruise credit in lieu of a refund.
RCL said its operating and administrative expenses are approximately US$150 million to US$170 million per month during the suspension of operations, with the company exploring avenues to bolster liquidity and further reduce the average monthly expenses under a prolonged non-revenue scenario.
The company is also working towards, developing a “comprehensive and multi-faceted” program to address the public health challenges posed by COVID-19.
Pictured: Harmony of the Seas.
