Royal Caribbean Group: Expansion into New Markets and Destinations & Key Factors Driving Our ‘Buy’ Rating! 

Royal Caribbean Group has reported a robust set of results for the second quarter of 2024, showcasing strong demand and positive momentum across its portfolio of offerings. The company’s success is evident in the achievement of its ‘Trifecta’ financial targets 18 months ahead of schedule. This three-year financial performance program aimed to deliver triple-digit adjusted EBITDA per APCD, double-digit adjusted earnings per share (EPS), and a return on invested capital in the teens, all of which have been met. Their leverage also now stands below 3.5x, excluding the impact of newly delivered ships. In line with this financial accomplishment, Royal Caribbean Group is reintroducing a quarterly dividend of $0.40 per share.