Cruise Card Spending Jumps 15.8% YoY

Cruise card spending in April rose 15.8% YoY, up from 6.7% growth in March, per Bank of America data.
Sequentially, April spending fell 8.1% versus March, outperforming the 2023‑2025 average sequential decline of 12.7%.
Royal Caribbean (NYSE:RCL) said bookings “turned the corner” in its April 30 earnings call, aligning with the spending rebound.
Bank of America’s cruise card data shows ~75% correlation with industry net yields on a one‑quarter lag since 2008, excluding the pandemic.