Royal Caribbean hikes last‑minute cruise prices and trims 2026 revenue forecast amid geopolitical tensions

Royal Caribbean Group says travelers are now booking cruises closer to departure dates, reducing the traditional practice of early‑date discounting. CEO Jason Liberty explained that guests prioritize flexibility, leading the company to raise prices for near‑term bookings instead of offering deals. The shift has resulted in stronger‑than‑expected close‑in demand throughout 2026.

On its second‑quarter earnings call, Royal Caribbean cut its 2026 revenue growth outlook to about 9%, down from an earlier 10% target, citing a modest booking impact on select itineraries due to prolonged geopolitical activity. The company raised its adjusted profit forecast to $17.73‑$17.87 per share, reported a 6% revenue increase to $4.83 billion for the quarter, and slightly reduced its full‑year fuel expense forecast despite a 27% rise in quarterly fuel costs.

The cruise operator, based in Miami, Florida, expects overall demand to remain resilient, with 2027 bookings already ahead of historical levels.