Cruise operator Royal Caribbean Group on Thursday reported a smaller-than-expected quarterly loss as bookings rebounded and travelers splurged on cabanas, spa treatments and watches while onboard. The world's second-largest cruise line operator is the latest company to report good results as travelers, free of restrictions related to COVID-19, spend heavily on rental cars, airline tickets and hotels. "Despite concerns about the U.S. and global economy, high inflation and amid geopolitical uncertainty, consumers are choosing to spend their discretionary income on experiences, after more than two years stuck inside the house," Similarweb travel and leisure analyst Jim Corridore said. Onboard spending rose 30% across categories in the second quarter compared to pre-pandemic leve...
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