Bank of America data shows cruise card spending rose 15.8% year‑over‑year in April, up from 6.7% growth in March.
Sequentially, April spending fell 8.1% versus March but outperformed the 2023‑2025 average sequential decline of 12.7%.
Royal Caribbean noted bookings “turned the corner” in its April 30 earnings call, aligning with the spending rebound.
Bank of America’s cruise card data correlates about 75% with industry net yields on a one‑quarter lag since 2008, excluding the pandemic.