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.
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 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 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 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.
Azamara Club Cruises chief executive Larry Pimentel has resigned from the company as owner Royal Caribbean announces sweeping job cuts.
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.