# Who are Royal Caribbean Cruises Ltd.'s customers? Who does Royal Caribbean Cruises Ltd. earn revenue from?
Canonical: https://valuechain.wiki/royal-caribbean-group · Facet: customers · Updated: 2026-09-11T19:22:03.987526+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Royal Caribbean Cruises Ltd. discloses no named confirmed revenue counterparties; 2 relationships are tracked as undisclosed/aggregate. Per the valuechain.wiki graph: 2 revenue edges, backed by 2 dated sources, 1 of them primary filings (as of 2026-09-11).

### 크루즈 티켓 구매 고객 (high)
- metric: Amount $12.5B · FY2025 · Passenger ticket revenue recognized from cruise ticket customers
- note: Cruise passengers are the core customer group paying fares and, where applicable, air transportation to and from ships. The company recognizes ticket revenue over the duration of each passenger cruise contract.
- [confirms] SEC EDGAR (EN, filing, published 2026-02-11) https://www.sec.gov/Archives/edgar/data/884887/000088488726000007/rcl-20251231.htm: "Passenger ticket revenues | $12,515"
- [confirms] Korea Investment & Securities (KO, research, published 2025-07-30) https://m.koreainvestment.com/main/research/research/StrategyDetail.jsp?id=146171&jkGubun=6: "Demand remained firm, while occupancy and average ticket prices rose year over year."

### 선상 상품·서비스 구매 고객 (high)
- metric: Amount $5.4B · FY2025 · Onboard and other revenue recognized from onboard customers and related activities
- note: Guests buy food and beverages, casino play, internet access, shore excursions, and other services outside the base fare. This customer spending forms the core of onboard and other revenue.
- [confirms] SEC EDGAR (EN, filing, published 2026-02-11) https://www.sec.gov/Archives/edgar/data/884887/000088488726000007/rcl-20251231.htm: "Onboard and other revenues | 5,419"

Reverse side: https://valuechain.wiki/royal-caribbean-group/suppliers.md · Ripple: https://valuechain.wiki/royal-caribbean-group/ripple.md

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