Royal Caribbean Group ( NYSE:RCL ) reported revenue of $3.8 billion for the fourth quarter of 2024 beating consensus estimate of $3.76 billion. Earnings per share came in at $2.02, exceeding the estimated of $1.50 per share. Royal Caribbean demonstrated improved earnings, benefiting from a resurgence in travel demand with an occupancy rate achieved 108% for the quarter.

For the full year 2024, Royal Caribbean's revenue climbed to $16.5 billion , up from $13.9 billion in 2023. At the bottom line, this world's second largest cruise operator reported a net income of $2.9 billion higher than in 2023 where net income was $1.7 billion.

The numbers above revealed that the company has surpassed the pre-pandemic levels where in 2019 the revenue was 10.95 billion with net income of 1.87 billion. Royal Caribbean not only survive but also thrive with its diverse portfolio catering different markets at different pricing, quality and uniqueness.

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This article first appeared on GuruFocus .