RCL Royal Caribbean Cruises Ltd

Generate Investment Management Ltd significantly reduced its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 73.5% in the third quarter, selling 91,888 shares and retaining 33,214 shares valued at $10.747 million. Despite this, Royal Caribbean's board authorized a $2.00 billion share repurchase program and declared a quarterly dividend of $1.00, signaling strong confidence in the company. Analysts maintain a "Moderate Buy" consensus rating with a price target of $324.82, following the company's Q3 earnings beat and positive FY2025 guidance.

Calamos Advisors LLC significantly reduced its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 97.8% in the third quarter, selling over 6.8 million shares. Despite this large sale, other institutional investors have adjusted their positions, and insider transactions show a director recently sold shares. Royal Caribbean has also announced a $2 billion share buyback program and a quarterly dividend of $1.00 per share, following strong earnings results and positive FY2025 guidance.

Royal Caribbean has seen bookings and onboard spending increase significantly, leading to a 300% stock rebound over five years. The company is benefiting from younger generations embracing cruise travel, but its potential as a "multimillionaire-maker" depends on sustaining this enthusiasm and navigating future macroeconomic challenges and high debt levels.

The cruise industry experienced a monumental year in 2025, marked by significant financial growth, an unprecedented number of new ship orders, and substantial investments in private destinations and fleet modernizations. Major players like Carnival Corporation, Royal Caribbean Group, and MSC Cruises reported soaring profits and expanded their offerings, reflecting strong demand and a promising future for the sector. New ship deliveries and refurbished vessels added considerable capacity, complemented by the development of exclusive private destinations that cater to evolving traveler preferences.

Caribbean tourism leaders convened for an "Iconic Summit" aboard Royal Caribbean’s Icon of the Seas to discuss the cruise industry's role in the region's recovery and long-term growth, particularly after Hurricane Melissa. Royal Caribbean International President and CEO Michael Bayley detailed the company's crisis response and commitment to supporting Caribbean communities. The summit emphasized collaboration, data-driven policies, sustainable tourism development, and expanded employment opportunities for Caribbean youth, underscoring the vital role of tourism despite increasing climate challenges.

Royal Caribbean International has changed the homeport for the Brilliance of the Seas' August 10, 2026 cruise in the Mediterranean from Ravenna to Trieste, Italy. This alteration is due to unexpected construction delays causing a berthing conflict at the Port of Ravenna. The cruise line will reimburse guests for non-refundable, pre-purchased transportation fees up to certain limits to mitigate inconvenience.