Royal Caribbean Cruises revenue 1988-2024

Royal Caribbean Cruises' revenue increased by 18.6 percent in 2024 over the previous year. In 2024, the company's global revenue amounted to roughly 16.5 billion euros, the highest figure reported to date.

Royal Caribbean vs. Carnival Corporation

As the company's revenue peaked in 2024, so did the number of passengers carried by Royal Caribbean Cruises, exceeding eight million. That year, one of Royal Caribbean’s main competitors, Carnival Corporation & plc, also recorded its highest passenger volume and income to date. In 2024, the global number of Carnival Corporation passengers surpassed 13 million, while Carnival Corporation’s revenue reached over 25 billion U.S. dollars. 

How many cruise passengers travel worldwide?

While the number of ocean cruise passengers worldwide declined to under six million in 2021 due to the impact of COVID-19, it already grew sharply in the following year, then fully recovered in 2023, totaling over 31 million. Overall, both before and after the onset of the pandemic, the Caribbean, Bahamas, and Bermuda ranked as the leading global cruise destinations by passenger volume.