Royal Caribbean sees cruise demand accelerate — but here’s why the stock is dropping

Royal Caribbean Group shares were falling in early Tuesday trading as the cruise operator’s revenue again came up short, despite better-than-expected quarterly profit and an improved full-year outlook.

Consumers are

still spending on affordable luxuries such as cruises, Royal Caribbean RCL said, noting that demand is accelerating. The company also saw higher-than-expected close-in demand during the third quarter, as consumers waited until the last minute to make bookings.