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Royal Caribbean Cruises Ltd.

Royal Caribbean Cruises Ltd. is an American global cruise company incorporated in Liberia and based in Miami, Florida. It is the world's second-largest cruise line operator, after Carnival Corporation & plc. As of March 2009, Royal Caribbean Cruises Ltd. fully owns three cruise lines: Royal Caribbean International, Celebrity Cruises, and Azamara Club Cruises. They also hold a 50% stake in TUI Cruises and 49% stakes in Pullmantur Cruises and CDF Croisières de France.[3][4] Previously Royal Caribbean Cruises also owned 50% of Island Cruises, but this was sold to TUI Travel PLC in October 2008.[5]

Public
Traded as NYSERCL
S&P 500 Component
Industry Hospitality, tourism
Founded 1997 (1997)
Headquarters Miami, Florida, United States
Area served
Worldwide
Key people
Richard D. Fain
(Chairman and CEO)
Adam Goldstein
(President and COO)[1]
Services Cruises
Revenue Increase US$ 8.30 billion (2015)[2]
Decrease US$ 875 million (2015)[2]
Increase US$ 1.07 billion (2015)[2]
Total assets Increase US$ 20.9 billion (2015)[2]
Total equity Decrease US$ 8.06 billion (2015)[2]
Number of employees
Increase 66,000 (2015)[2]
Subsidiaries
Website www.rclinvestor.com
www.royalcaribbean.com

Contents

HistoryEdit

 
Royal Caribbean headquarters.

Royal Caribbean Cruises Ltd. was formed in 1997 when Royal Caribbean Cruise Line, founded in 1968, and Celebrity Cruises, founded in 1988, was then purchased. The decision was made to keep the two cruise line brands separate following the merger; as a result Royal Caribbean Cruise Line was re-branded Royal Caribbean International and Royal Caribbean Cruises Ltd. was established as the new parent company of both Royal Caribbean International and Celebrity Cruises.[6]

A third brand under Royal Caribbean Cruises ownership was formed in 2000 when Island Cruises was created as a joint venture with British First Choice Holidays. Island Cruises became an informal cruise line on the British and Brazilian markets.[7]

In November 2006, Royal Caribbean Cruises purchased Pullmantur Cruises based in Madrid, Spain. From there, the company expanded radically with the creation of new cruise lines: Azamara Club Cruises was created in May 2007 as a subsidiary of Celebrity Cruises[8] and CDF Croisières de France, aimed at French-language customers, in May 2008.[9] Another new cruise line, TUI Cruises began operations in 2009. The brand is aimed at a German-speaking audience and is a joint venture with TUI AG.[10]

TUI Travel had previously become the owner of 50% of Island Cruises following their merger with First Choice Holidays in 2007.[11] In October 2008 Royal Caribbean Cruises sold their share of Island Cruises to TUI.[5]

Cruise lines owned by Royal Caribbean CruisesEdit

Brands & shipsEdit

(completion dates below are the dates when ships entered service)

  • Azamara Club Cruises
  • Sovereign (completed January 1988 by Chantiers de l'Atlantique as RCI's Sovereign of the Seas, and transferred to Pullmantur Cruises in 2008) - 73,192 tons / 2,882 passenger berths + 825 crew
  • Monarch (completed November 1991 at Chantiers de l'Atlantique as RCI Monarch of the Seas and transferred to Pullmantur on April 2013) - 73,937 tons / 2,774 passenger berths + 858 crew
  • Horizon (completed April 1990 by Meyer Werft for Celebrity Cruises, and transferred to Island Cruises in 2005 and finally transferred to Pullmantur Cruises in 2009) - 46,811 tons / 1,828 passenger berths + 670 crew
  • Zenith (completed April 1992 by Meyer Werft for Celebrity Cruises, and transferred to Pullmantur Cruises in 2007) - 47,255 tons / 1,800 passenger berths + 670 crew

Joint Venture with TUI AG (50% Ownership)Edit

Former brandsEdit

Other companies owned by RCCLEdit

ReferencesEdit

  1. ^ "Royal Caribbean’s Adam Goldstein promoted to new corporate role". miamiherald. 
  2. ^ a b c d e f "ROYAL CARIBBEAN CRUISES LTD. 2015 Annual Report" (PDF). Retrieved 2017-03-18. 
  3. ^ "Investor Relations Overview". Royal Caribbean Cruises Ltd. Retrieved 10 November 2008. 
  4. ^ Newman, Doug (30 April 2008). "Celebrity Galaxy to Be TUI Cruises’ First Ship". At Sea with Doug Newman. Retrieved 10 November 2008. 
  5. ^ a b "Royal Caribbean Cruises Ltd. to Sell Its Interest in Island Cruises to First Choice Holidays Ltd.". Royal Caribbean Cruises Ltd. 6 October 2008. Retrieved 10 November 2008. 
  6. ^ Plowman, Peter (2006). The Chandris Liners and Celebrity Cruises. Rosenberg Publishing. p. 219. ISBN 1-877058-47-5. 
  7. ^ "Island Cruises ownership" (PDF). Island Cruises press material. Archived from the original (PDF) on 2008-02-27. Retrieved 2007-12-11. 
  8. ^ "Celebrity Cruises Presents New, Deluxe Cruise Line: Azamara Cruises". Royal Caribbean Cruise Ltd. Press Release. Retrieved 2007-12-11. 
  9. ^ Cruise Business Review: Royal Caribbean starts new cruise line dedicated to French market, retrieved 14. 10. 2007
  10. ^ "TUI AG and Royal Caribbean Cruises Ltd. announce joint venture to serve German cruise market". Royal Caribbean Cruise Ltd. Press Release. Retrieved 2007-12-11. 
  11. ^ "Tui Travel plc Begins Trading on the London Stock Exchange" (PDF). TUI Travel PLC press release. Retrieved 2007-12-11. 

External linksEdit