Royal Caribbean News
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.
Royal Caribbean revamps UK & Ireland sales team
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.
Oasis of the Seas launches after $165m refurbishment
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.
Reinvigorated Oasis of the Seas to debut in Miami
The $165 million amplification of Royal Caribbean International’s Oasis of the Seas is taking shape in Cadiz, Spain.
Carnival joins with Royal Caribbean for St Lucia joint venture
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 predicts sharp increase in passenger numbers
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 reveals Wonder of the Seas will sail from Shanghai
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.