Royal Caribbean Cruises Ltd.

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Royal Caribbean Cruises Ltd.
Public
Traded asNYSERCL
S&P 500 Component
IndustryHospitality, tourism
Founded1997 (1997)
HeadquartersMiami, Florida, USA
Area served
Worldwide
Key people
Richard D. Fain
(Chairman and CEO)
Adam Goldstein
(Vice Chairman)
ServicesCruises
RevenueIncrease US$ 8.30 billion (2015)[1]
Decrease US$ 875 million (2015)[1]
Increase US$ 1.07 billion (2015)[1]
Total assetsIncrease US$ 20.9 billion (2015)[1]
Total equityDecrease US$ 8.06 billion (2015)[1]
Number of employees
Increase 66,000 (2015)[1]
Subsidiaries
Websitewww.rclinvestor.com
www.royalcaribbean.com

Royal Caribbean Cruises Ltd. (RCCL) 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 67% stake in Silversea Cruises[2], 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]

History[edit]

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 rapidly with the creation of Azamara Club Cruises in May 2007 as a subsidiary of Celebrity Cruises[8]. It followed this with the formation of CDF Croisières de France in May 2008 to serve the French-language market.[9]

Royal Caribbean also has an interest in TUI Cruises, a joint venture with TUI AG,[10] which began operations in 2009 aimed at a German-speaking audience. TUI Cruises's subsidiary, TUI Travel, had a 50% interest in Island Cruises following their merger with First Choice Holidays in 2007.[11] In October 2008, Royal Caribbean Cruises rationalized their holdings by selling their share of Island Cruises to TUI.[5]

Subsidiaries[edit]

Current brands and ships[edit]

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

Royal Caribbean International (full ownership)
Celebrity Cruises (full ownership)
Azamara Club Cruises (full ownership)
Pullmantur Cruises (49% ownership)
  • 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, transferred to CDF in 2012 and then transferred back to Pullmantur Cruises in 2017) - 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, transferred to CDF in 2014 and then transferred back to Pullmantur Cruises in 2017) - 47,255 tons / 1,800 passenger berths + 670 crew
TUI Cruises (50% ownership; joint venture with TUI AG)

Former brands[edit]

Lobbying[edit]

Royal Caribbean Cruises and its subsidiaries engage political lobbyists in jurisdictions where it holds interests. For example, in South Australia it engaged FIPRA Australia.[12]

Other companies owned by RCCL[edit]

  • Wamos Air (formerly Air Pullmantur, 19% share)

References[edit]

  1. ^ a b c d e f "ROYAL CARIBBEAN CRUISES LTD. 2015 Annual Report" (PDF). Retrieved 2017-03-18.
  2. ^ "ROYAL CARIBBEAN TO INVEST IN SILVERSEA CRUISES | Silversea". Retrieved 2018-06-15.
  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. Archived from the original on 19 July 2008. 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 Archived 2008-03-19 at the Wayback Machine., 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. Archived from the original (PDF) on 2008-02-27. Retrieved 2007-12-11.
  12. ^ "South Australian Register of Lobbyists - FIPRA Australia" (PDF).

External links[edit]