At this time, cumulative advance bookings for the remainder of the year are well ahead of the prior year at slightly higher prices. Since March, bookings for the remainder of the year are at higher prices with volumes running lower than last year because there is less inventory remaining for sale than at this time in 2015, the company said in a statement.
The company expects full year 2016 net revenue yields on a constant currency basis to be up approximately 3.5% versus the prior year, compared to March guidance of approximately 3%. The company now expects full year 2016 net cruise costs excluding fuel per ALBD to be upapproximately 1.5% compared to the prior year on a constant currency basis, better than March guidance of approximately 2.0%.
Taking the above factors into consideration, the company expects full year 2016 adjusted earnings per share guidance to be in the range of $3.25 to $3.35, compared to March guidance of $3.20to $3.40 and 2015 adjusted earnings of $2.70 per share.
Arnold Donald, CEO, noted in the statement: “This is shaping up to be another strong year for our company as we expect over 20 % earnings growth and are approaching a nine percent return on invested capital.”
“We have accelerated progress toward our stated goal of achieving the double digit return threshold and have accelerated distributions to shareholders, “ he said.