Royal Caribbean's annual profit forecast was largely higher than analysts expected on Tuesday. The company attributed the increase to increased bookings for private cruises, as well as premium trips to the Mediterranean region and Alaska.

The shares of the cruise operator rose 2% during premarket trading.

Cruise operators have invested millions in new ships, private destination travel, and itineraries that include excursions, beaches and bars.

Analysts have noted that Royal Caribbean, in particular, has experienced strong demand for CocoCay in The Bahamas, a private amusement park destination.

According to LSEG data, the company anticipates a full-year adjusted earnings per share in 2025 of between $14.35 and $14.65. This compares to analysts' expectations of $14.41.

Total revenue for the fourth quarter increased to $3.76billion from $3.33billion a year ago. Analysts had forecast $3.77 billion on average.

(source: Reuters)