Cruise Financials News
Europeans now account for 30% of the world’s cruise passengers
European cruise industry generates €34 billion and 24 million port visits
UK cruise market to double and boom in short cruise breaks predicted
The UK cruise market, which doubled in size during the last decade, will double again over the next 10 years - to three million passengers annually.
Royal Caribbean emerges strong from downturn
The cruise industry has been given a boost by Royal Caribbean posting a strong set of quarterly results and a bullish outlook for 2010. The cruise giant also said Oasis of the Seas - the world’s largest cruise ship - has proved a huge hit with customers.
Royal Caribbean Announces Allure of the Seas Financing
Royal Caribbean Cruises Ltd. (NYSE: RCL; Oslo) today announced it has arranged commitments for unsecured financing in the amount of up to USD 1,130,000,000 or 80 percent of the contract price of Royal Caribbean International’s Allure of the Seas.
Carnival posts upbeat results
Carnival Corporation has posted better-than-expected results for its third quarter due to a surge in late bookings. Net income came in at $1.1bn – although this was down from $1.3bn for the same period last year. Booking volumes for the remainder of 2009 and the first half of 2010 are running 19% ahead year-on-year.
Sharp turnaround for Norwegian Cruise Line
Norwegian Cruise Line has reported a sharp today turnaround in fortunes, with net profits in the second quarter rising to $15.4m from a loss of $27m in the same quarter last year.