Naftali Holtz, CFO, said during the first quarter of 2023, the company will have 80 percent of its capacity sailing form North America, and mostly to the Caribbean. "This is higher than in the first quarter of 2019, particularly for short Caribbean sailings, and we have added more capacity in the region to capitalize on the incredible Perfect Day at CocoCay," he said. Michael Bayley, president and CEO of Royal Caribbean International, said to expect between 2.5 million and 3 million guests at CocoCay this year. "And the demand not only is there from a volume perspective, but the rate is there. And that rate has been going up again in a very healthy way. And it's the same with the spend for the products and experiences on Perfect Day," Bayley said. "We've seen a great demand and a lot of resilience as the prices go up. So it's a hit and it's very successful."