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Royal Caribbean Group reports 2022 results and names new executive vice president

Full year 2022 total revenues were USD 8.8 billion (USD 1.5 billion) for the Royal Caribbean Group and adjusted EBITDA was USD 711.6 million (USD -2.6 billion).

"2022 was a pivotal year as we successfully returned our business to full operations and delivered memorable vacation experiences to 6 million guests," said?Jason Liberty, president and chief executive officer, Royal Caribbean Group. "We also returned to positive Adjusted EBITDA and Operating Cash Flow by consistently growing revenue and controlling costs. Our teams have worked tirelessly to deliver the best vacation experiences, responsibly, and we are grateful for their extraordinary efforts."

"We are experiencing a record-breaking WAVE season, resulting in a booked position approaching previous record highs and at higher prices. This, along with the normalization of our booking window, provides the visibility for us to provide annual guidance, which is in line with our Trifecta program," added Liberty. "The combination of our industry-leading global brands, most innovative fleet, nimble sourcing and our continued focus on profitability positions us well to deliver record yields and Adjusted EBITDA in 2023."

The Group carried 5.54 million passengers during the year, up from 1.03 million in 2021.

Palle Laursen named executive vice president, head of marine

Royal Caribbean Group also named Palle Laursen as executive vice president, head of marine, effective 1 May 2023. Laursen will report to Royal Caribbean Group's President and CEO Jason Liberty and will join the company's Executive Committee.

"It is with great pleasure that we welcome Palle Laursen to the Royal Caribbean Group," said Jason Liberty, president and CEO, Royal Caribbean Group. "Palle has had a long and distinguished career with Maersk and is a recognized leader in the maritime industry. With more than 25 years of experience, his direct technical and operational knowledge will serve our company well, especially as we continually work to decarbonize our business."

feb 09 2023


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