Royal Caribbean forecasted annual profits above Wall Street estimates on Thursday. The company is betting that wealthy travelers will continue to book its cruises and pay higher fares, as well as spend more money onboard.

The company's shares have risen 8% during pre-market trading.

Royal Caribbean and other cruise operators continue to profit from the?resilient?demand for cruise holidays, supported by wealthy?consumers, who still spend on discretionary experiences, despite macroeconomic pressures.

The company stated that demand for its private islands and premium sailings have helped to drive growth in the leisure, hotels and entertainment sectors.

According to LSEG, the company is expecting a?fiscal profit adjusted per share in 2026 of between $17.70 and $18.10 compared to analysts' expectations of $17.66.

The company's third-quarter revenues of $4.26 Billion were largely in line with analyst expectations.

(source: Reuters)