Annual report [Section 13 and 15(d), not S-K Item 405]

Property and Equipment, Net (Tables)

v3.25.4
Property and Equipment, Net (Tables)
12 Months Ended
Dec. 31, 2025
Property Plant And Equipment [Abstract]  
Schedule of property and equipment, net

Property and equipment, net consisted of the following (in thousands):

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December 31, 

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  ​ ​ ​

2025

  ​ ​ ​

2024

Ships

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$

20,729,022

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$

18,435,673

Ship improvements

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3,747,539

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3,269,898

Ships under construction

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1,321,431

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1,143,711

Land and land improvements

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58,370

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58,370

Private destinations and other

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1,489,694

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1,261,404

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27,346,056

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24,169,056

Less: accumulated depreciation

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(8,277,249)

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(7,358,406)

Property and equipment, net

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$

19,068,807

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$

16,810,650