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.
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 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.
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.
UK & Ireland sales director, Martin MacKinnon, has bolstered his sales team line up with the addition of Karen Tucker, in the newly created role of head of field sales.
Additions to the Royal Caribbean vessel include the ten-story Ultimate Abyss and Perfect Storm waterslides, the cruise line’s first BBQ restaurant, Portside BBQ, and much more.
The $165 million amplification of Royal Caribbean International’s Oasis of the Seas is taking shape in Cadiz, Spain.
The deal will see the formation of a joint venture to manage the existing cruise facilities on the island, and to design, construct and operate a new cruise port.
Royal Caribbean is predicting that its Caribbean cruise tourism business will grow by 50 per cent by 2030, with the overall economic benefit of the sector reaching $6 billion.
Royal Caribbean has announced the homeport and name of its fifth Oasis Class ship. The next ship to join the leading cruise line’s innovative line-up will be named Wonder of the Seas and will set sail from Shanghai, China.