Name: Royal Caribbean Cruises Ltd. (NYSE:RCL) | Analysis of Revenues
Creator: Stock Analysis on Net

Analysis of Revenues

Revenues as Reported

Revenues as Reported

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Royal Caribbean Cruises Ltd., income statement, revenues

US$ in thousands

12 months ended:	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
North America	1,039,783)	1,342,429)	6,392,354)	5,399,951)	5,062,305)
Asia/Pacific	128,348)	411,865)	1,529,898)	1,463,083)	1,588,802)
Europe	180,256)	18,604)	1,942,057)	1,914,549)	1,509,586)
Other regions	77,985)	241,590)	567,904)	348,145)	285,954)
Revenues by itinerary	1,426,372)	2,014,488)	10,432,213)	9,125,728)	8,446,647)
Other revenues	105,761)	194,317)	518,448)	368,121)	331,198)
Revenues	1,532,133)	2,208,805)	10,950,661)	9,493,849)	8,777,845)

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

Total revenues exhibited a consistent growth trajectory from 2017 through 2019, peaking at US$ 10,950,661 thousand. This period of expansion was followed by a severe contraction in 2020 and a further decline in 2021, with total revenues falling to US$ 1,532,133 thousand, representing a substantial reduction relative to the 2019 peak.

Regional Revenue Trends: North America served as the primary revenue driver throughout the period. It grew from US$ 5,062,305 thousand in 2017 to a peak of US$ 6,392,354 thousand in 2019, before experiencing a sharp contraction to US$ 1,039,783 thousand by 2021.; The Asia/Pacific region remained relatively stable between 2017 and 2019, maintaining levels around US$ 1.5 billion, before collapsing to US$ 128,348 thousand in 2021.; Europe demonstrated steady growth from 2017 to 2019, reaching US$ 1,942,057 thousand. This region suffered the most acute decline in 2020, plummeting to US$ 18,604 thousand, followed by a slight recovery to US$ 180,256 thousand in 2021.; Other regions followed the general global trend, peaking in 2019 at US$ 567,904 thousand before declining to US$ 77,985 thousand by the end of 2021.
Revenue Stream Composition: Revenues by itinerary remained the dominant source of income, scaling from US$ 8,446,647 thousand in 2017 to US$ 10,432,213 thousand in 2019, before dropping to US$ 1,426,372 thousand in 2021.; Other revenues mirrored the primary itinerary trends, increasing from US$ 331,198 thousand in 2017 to a peak of US$ 518,448 thousand in 2019, then receding to US$ 105,761 thousand in 2021.

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