July 25 (Reuters) - Royal Caribbean Group raised

its annual profit forecast on Thursday for the third time this

year on the back of continued demand for cruise vacations and

higher ticket pricing.

The company, along with peers such as Norwegian Cruise Line ( NCLH )

and Carnival, has raised ticket prices,

capitalizing on record demand.

Cruise vacations have remained cheaper than land-based

alternatives, making them more appealing amid sticky inflation

in the United States.

Royal Caribbean forecast annual adjusted earnings per share

between $11.35 and $11.45, compared with its earlier

expectations of $10.70 to $10.90.