Royal Caribbean Cruises Ltd. shares fell after Mexican President Claudia Sheinbaum ordered a review of the cruise line operator’s water park project in Quintana Roo state.
Rendering of Royal Caribbean’s Perfect Day Mexico park.
Royal Caribbean Cruises Ltd. shares rose as the company’s outlook for the year suggests it will be able to weather headwinds such as higher fuel costs and disruptions on its Middle Eastern itineraries.
The Royal Caribbean Wonder of the Seas cruise ship docked in Nassau, Bahamas, on Monday, April 29, 2024. Cruise lines have spent at least $1.5 billion since 2019 to expand or improve private stops in the Caribbean, according to Bloomberg calculations.
Royal Caribbean Cruises Ltd. shares jumped as demand for cruise holidays keeps accelerating, which could see the liner add as many as six additional ships to its fleet.
The Royal Caribbean Adventure of the Seas cruise ship in Cabo Rojo, Dominican Republic. Photographer: Marco Bello/Bloomberg
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