Weekly Special Report: ROYAL CARIBBEAN (#ROYAL_CARB)

ROYAL CARIBBEAN:

• THE COMPANY: Royal Caribbean Group is one of the largest cruise companies in the world, operating a global fleet of nearly 70 ships across multiple brands. With a market capitalization of roughly $76 billion, it ranks as the second-largest cruise operator globally after Carnival Corporation. Royal Caribbean operates worldwide, offering trips across the Caribbean, Europe, Alaska, Asia, and Australia.
• MARKET SHARE: Royal Caribbean controls approximately 30% of the global cruise market by capacity, ranking second behind Carnival (~40%+). Together with Carnival and Norwegian, the top three players dominate around 70% of the global cruise industry. In the Caribbean, its core market, the company holds roughly 28% market share, making it a leading operator in the region.
• SUMMER 2026 TRAVEL SEASON: Royal Caribbean is entering the 2026 summer season with record booking momentum, with roughly 65% or more of total capacity already booked, representing an estimated $6–8 billion in secured future cruise revenue. Bookings are being made at historically high price levels, supporting projected annual revenues of around $17–$18 billion, up from $13.9 billion in 2023 and $15 billion in 2024. Load factors are exceeding pre-pandemic levels (100%+), while early-year “wave season” demand delivered record booking volumes in dollar terms, significantly above 2024–2025 levels, reflecting stronger pricing power and higher per-passenger spending.

Sources: Yahoo Finance, cruiseindustrynews.com, NASDAQ, prnewswire

GEOPOLITICS: MIDDLE EAST WAR

• ROYAL CARIBBEAN STOCK PRICE ACTION: The very last days before the war began (February 28), Royal Caribbean stock traded at around $320. During the war, the stock fell at one point to $255.28, marking a total decrease of around 20%. However, as optimism has recently returned, the stock has recovered by around 10%, and if a full recovery to pre-war levels ($320) occurs, the stock price could see an additional upside of around 14%. Although the stock could also decline.
• BREAKING (APRIL 14): U.S. PRESIDENT TRUMP SAID TALKS BETWEEN THE U.S. AND IRAN COULD RESUME. Talks to end the Iran war could resume in Pakistan over the next few days, U.S. President Donald Trump said on Tuesday (April 14). Officials from Pakistan, Iran, and the Gulf also said negotiating teams from the U.S. and Iran could return to Pakistan later this week or early next week.

ROYAL CARIBBEAN: EVENTS

• EVENT (THURSDAY, APRIL 30, PREMARKET): Q1 EARNINGS REPORT. Royal Caribbean is expected to print $4.47 billion in revenue. This would be an increase of around 12% from the same period last year ($3.99 billion). Royal Caribbean is expected to print $0.88 billion in net income, which would be an increase of around 20% from the same period last year ($0.73 billion).

EXPECTED FORWARD GUIDANCE (Q2): The company is expected to say it will print $4.85 billion for Q2 of 2026, which would mark an increase of around 7% year on year.

Sources: Bloomberg

ROYAL CARIBBEAN: TECHNICAL ANALYSIS AND PRICE ACTION

• SUPPORT AREA: $260–$240. The Royal Caribbean stock price has found support in the $260 - $240 range. However, there remains a risk of a potential breakout below this level if market conditions change.
• ROYAL CARIBBEAN STOCK PRICE HIT AN ALL-TIME HIGH ON AUGUST 29, 2025: $365.87. The current price of Royal Caribbean stands at around $281, and if a recovery to its all-time highs happens, a potential upside of around 30% could be achieved. However, it could also decline.
• FORECAST (Source: Bloomberg Terminal): Goldman Sachs forecasts $297; Morgan Stanley forecasts $310; HSBC forecasts $378; UBS forecasts $321; JPMorgan forecasts $341. 

GRAPH (Daily): October 2023 – April 2026

Please note that the past performance does not guarantee future results.

#ROYAL_CARB, April 16, 2026
Current Price:  281

Example of calculation based on weekly market trend for 1.00 Lot¹

1.  The above calculations are made based on 1.00 lot which is equivalent of 1,000 units
2.  Calculations for exchange rate used as of 10:00 (GMT+1) 16/04/2026

You can use risk management tools such as Stop-Loss and Take-Profit.