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  Title: The Apartment Above: A Story of Peace vs. Competition : The Silent Competition: Finding Peace Amidst Envy I live a very beautiful and happy life with my family in our home. By the grace of God, we are content, but the people living in the portion above us seem to have a completely different mindset. I constantly feel like they are in a silent competition with me. Whether it’s a small home improvement or something special I do for my children, they immediately try to outdo it the very next day. At first, I used to feel unsettled, wondering if I was doing something wrong or if I needed to keep up with them. However, I soon realized that true happiness doesn't come from proving yourself to others; it comes from being grateful for what you have. While they are busy trying to stay "above" me in every sense of the word, their constant need for validation seems to rob them of their own peace. I have learned to ignore this race because I’ve realized that my real wealth i...
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Travel Royal Caribbean lifts full-year guidance on strong cruise bookings

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Royal Caribbean lifts full-year guidance on strong cruise bookings

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Contessa Brewer@contessabrewer
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Key Points
  • Royal Caribbean Cruise Group raised its full-year guidance.
  • Royal Caribbean reported growth in bookings during the second quarter from the prior period, especially from travelers booking closer to their departure date.
  • CEO Jason Liberty told CNBC the cruise company is adapting to take advantage of evolving consumer preferences.

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Royal Caribbean CEO says younger travelers are driving cruise bookings
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Royal Caribbean CEO says younger travelers are driving cruise bookings

Royal Caribbean raised its full-year guidance Tuesday on the back of strong cruise bookings.

The company now expects 2025 earnings of between $15.41 and $15.55 per share on an adjusted basis, up from prior earnings per share guidance of $14.55 to $15.55.

CEO Jason Liberty noted traveler preferences are evolving, saying there’s an increase in people choosing to vacation more frequently and are opting for experience-driven travel. Royal Caribbean said 75% of consumers report they plan to spend the same amount or more on leisure travel over the next 12 months.

“Our experiences are designed to meet these evolving expectations,” Liberty said.

Royal Caribbean reported growth in bookings during the second quarter from the prior period, especially from travelers booking closer to their departure date. It’s a trend Liberty attributed to the growing number of younger cruisers, with millennials or younger generations now accounting for about half of total guests. And, they’re willing to pay a premium, Liberty added.

“In the weeks coming up to a sailing, the very few cabins that we would have left on each voyage, people not only were trying to get those cabins, but they were willing to pay considerably more money to ensure they get the vacation experience that they’re looking for,” Liberty said in an interview.

The company reported second-quarter adjusted earnings per share of $4.38 on revenue of $4.54 billion. Wall Street had expected earnings per share of $4.09 and revenue of $4.55 billion, according to estimates compiled by LSEG.

The cruise line’s income rose to $1.2 billion, or $4.41 per share, an increase from $854 million, or $3.11 per share, a year earlier.

Meanwhile, the cruise line reported capacity was up 5.8% compared to the year before, with 2.3 million guests taking a Royal Caribbean cruise during the second quarter.

Still, shares of Royal Caribbean fell 5% Tuesday.

The company noted bookings for its new ships launching this year, Star of the Seas and Celebrity Xcel, are performing well.

“The strong demand we are seeing across our new ships and land-based destinations reinforces that our strategy is working and resonating with today’s traveler,” Liberty said.

— CNBC’s Krysta Escobar and Dawn Giel contributed to this report.

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