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Royal Caribbean’s new joint venture, Holistica Destinations, announced today a $300 million investment in Freeport, Grand Bahama that will redevelop the Freeport cruise ship terminal to bring a new world-class destination with a one-of-a-kind hotel, convention center, water adventure park and more. (more…)
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Royal Caribbean Cruises Ltd. working in partnership with St. Maarten port representatives, has taken a significant step in advancing its relationship with the highly rated cruise destination of St. Maarten. (more…)
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With the acquisition of Hapag-Lloyd Cruises by TUI Cruises, TUI Group and its partner Royal Caribbean Cruises are planning to grow their luxury, expedition and premium cruise segments and to attract new target audiences for luxury cruise products, the companies announced today as TUI Cruises acquired Hapag-Lloyd. (cruiseindustrynews.com)
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Royal Caribbean Cruises Chairman and CEO Richard Fain outlined the new company’s new 20 by 25 program on today’s 2019 year-end and Q4 earnings call, targeting $20 earnings per share by 2025. 2019 was the company’s 11th consecutive year of yield growth, which was attributed partially to new hardware, onboard revenue and cost control. (cruiseindustrynews.com)
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The Port of Galveston, the fourth most active cruise port in North America, has signed a long-term contract with Royal Caribbean Cruises Ltd. (RCL) for a new $100 million cruise terminal. Through the public-private partnership, RCL will build the terminal, then lease it from the port for an initial term of 20 years, with four 10-year extension options. (more…)
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The main cruise ship operators in French waters have agreed on measures to limit pollution caused by their vessels, including hooking up to the power grid instead of keeping their engines running during stopovers. The “Blue Charter” agreement signed in Marseille by Costa Cruises, MSC Cruises, Royal Carribean Cruises and Ponant also pledged to use less-polluting fuel when maneuvering in harbors as well as other measures to reduce emissions. (reuters.com)
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Royal Caribbean Cruises has named Gavin Smith managing director for Australia and New Zealand where he will be looking after the company’s three brands. He is replacing Susan Bonner who is moving to Miami to join Celebrity Cruises. (cruiseindustrynews.com)
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On World Animal Day, Royal Caribbean International marks a major milestone in its partnership with the World Wide Fund for Nature-Australia, focused on saving the endangered hawksbill turtle species from extinction. (more…)
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Holistica, the destination company recently formed by Royal Caribbean Cruises Ltd. and privately-held ITM Group has appointed Carlos Torres de Navarra as Chief Executive Officer. (more…)
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Shares of cruise ship operators slumped in midday trading Monday, amid concerns that the spike in crude oil prices could act as a drag on earnings. (marketwatch.com)
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The Bahamas has always been more than a destination for Royal Caribbean and our guests. For more than half a century, we’ve made many friends and many memories. The Bahamas is also home to more than 500 of our colleagues who work at Perfect Day at CocoCay and the Grand Bahama Shipyard. (more…)
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When Carnival Corp. successfully wrested P&O Princess Cruises away from Royal Caribbean Cruises Ltd. (RCCL) in a heavyweight takeover battle in 2003, many observers, including this writer, thought that it was game over. (travelweekly.com)
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China’s economy is slowing down, but the head of the Royal Caribbean Cruises told CNBC on Thursday that business there is “working beautifully.” Things are going well because the cruise line was prepared for the slowdown, CEO Richard Fain said in a one-on-one interview with Jim Cramer. (cnbc.com)
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Asia Pacific has overtaken Europe as the second most important source region for cruise passengers, Royal Caribbean Cruises Ltd (RCCL) said in its 2018 annual report. The number of Europeans that took a cruise increased by 3.0% to 6.99 million last year, while the Asia-Pacific region experienced a 29.4% increase, to 7.00 million, RCCL said. (cruisebusiness.com)
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Royal Caribbean Cruises Ltd. and Meyer Turku shipyard have signed an agreement (still subject to financing) on the delivery of a third Icon class cruise ship, to be delivered from Turku in the spring of 2025. (more…)
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Two respected leaders in the travel and tourism industry, Royal Caribbean Cruises Ltd. and privately-held ITM Group, are teaming to form a new destination company, to be called “Holistica”. (more…)
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The Cayman Islands has reached an agreement with MSC Cruises to provide funding toward the cost of a new cruise ship berthing facility in Grand Cayman harbor, said Alden McLaughlin, the country’s premier, in a statement this week. (travelpulse.com)
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Royal Caribbean’s Oasis of the Seas will return in time for its normally scheduled May 5 sailing following the April 1 accident it suffered in the Grand Bahama Shipyard. The cruise line’s parent company, Royal Caribbean Cruises Ltd., made the announcement as part of its first quarter earnings report. (travelagentcentral.com)
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Facial recognition technology has made major advancements in recent years, and it’s finding new applications everywhere, from law enforcement to domestic intelligence to retail. (maritime-executive.com)
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Royal Caribbean plans a $300 million office expansion for PortMiami (Miami Herald)
On Monday the Miami-Dade Tourism and Ports Committee approved a deal that would allow Royal Caribbean Cruises Ltd. to build a new office and parking garage on the land at the southwest corner of Dodge Island next to where its older offices sit now. (www.miamiherald.com)
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