Expanded offerings on board and at the company's private land destinations, growth in the average lower berth days, and the number of private land destinations are expected to continue driving revenue and earnings growth in the coming years. The company's sharp focus on cost management is also expected to contribute to growth in operating profit. The Baa3 senior unsecured rating reflects the company's strong business profile and leading credit metrics for the cruise sector. The company's wholly-owned brands, Royal Caribbean, Celebrity Cruises, and Silversea, are expected to see growth in their respective customer bases as demand for cruise vacations increases in the coming years. The company plans to expand its fleet and open additional onshore attractions, including Royal Beach Club Paradise Island, Royal Beach Club Cozumel, and Perfect Day Mexico in 2025, 2026, and 2027, respectively.