Royal Caribbean News
TUI Group completes sale of Hapag-Lloyd Cruises
TUI Group has successfully completed the sale of its subsidiary Hapag-Lloyd Cruises to TUI Cruises. Hamburg-based TUI Cruises is a joint venture between TUI and Royal Caribbean Group.
Royal Caribbean joins Norwegian for new safety body
Cruise industry leaders Royal Caribbean Group and Norwegian Cruise Line Holdings have announced a collaboration to develop enhanced cruise health and safety standards.
Royal Caribbean reports US$1.4bn loss, delays return to sailing
Royal Caribbean Cruises Limited has reported a net loss of $1.4 billion, or $6.91 per share, for the first quarter of the financial year. The second largest cruise company in the world saw revenue fall 17 per cent to $2.03 billion over the period.
Royal Caribbean plans $3.2bn bond offer to overcome coronavirus losses
Royal Caribbean Cruises International has sought to raise additional funds as it prepares to return to operations later in the year. The company said 28 of its ships and “material intellectual property” would be used as collateral on the new bonds.
RCL Cares launches to UK cruise agents
RCL Cares offers information ranging from wellbeing support for families to links to UK government and ABTA advice to businesses, trade FAQs and contact details for sales support teams.
Pimentel steps down as Azamara chief executive
Azamara Club Cruises chief executive Larry Pimentel has resigned from the company as owner Royal Caribbean announces sweeping job cuts.
Royal Caribbean chief Fain to forego salary
Royal Caribbean Cruises chief executive, Richard Fain, will forego the payment of his salary until at least September as the company battles the coronavirus pandemic.
Royal Caribbean Cruises extends sailing suspension
In light of the developing Covid-19 pandemic, the cruise line – which also operates Celebrity Cruises, Azamara and Silversea Cruises – has scrapped all sailings until May 12th.
Royal Caribbean secures new funding to battle coronavirus downturn
Royal Caribbean Cruises has secured a $2.2 billion 364-day secured-term loan facility as the company battles the fallout from the coronavirus pandemic. The cruise line has currently suspended all of its sailings until at least early April.
Grand Lucayan sold to Royal Caribbean-led consortium
The government of the Bahamas has sold the Grand Lucayan to a partnership between Royal Caribbean International and Bahamas Port Investments. Authorities hope to reinvest $250 million in the hotel and the redevelopment of the cruise port.
Antigua signs with Royal Caribbean for new beach club
Royal Caribbean International has signed a partnership with the government of Antigua & Barbuda for the company’s first Royal Beach Club. With planning and development underway, the location is scheduled to break ground later this year.
TUI shifts ownership of Hapag-Lloyd Cruises
TUI has agreed to sell its Hapag-Lloyd Cruises business to TUI Cruises, the joint venture the company operates with Royal Caribbean Cruises. The deal is valued at €1.2 billion.