Royal Caribbean Group
| Formerly | Royal Caribbean Cruises Ltd. |
|---|---|
| Company type | Public |
| ISIN | LR0008862868 |
| Industry | |
| Founded | 1997 |
| Founder | Arne Wilhelmsen |
| Headquarters | 25°46′31″N 80°10′41″W / 25.7753°N 80.1780°W, , U.S. |
Area served | Worldwide |
Key people | |
| Services | Cruises |
| Revenue | US$16.5 billion (2024) |
| US$4.11 billion (2024) | |
| US$2.88 billion (2024) | |
| Total assets | US$37.1 billion (2024) |
| Total equity | US$7.74 billion (2024) |
Number of employees | 106,000 (2024) |
| Subsidiaries |
|
| Website | royalcaribbeangroup |
| Footnotes / references [1][2] | |
Royal Caribbean Group (RCG), whose corporate name is Royal Caribbean Cruises Ltd. (RCL), is a cruise holding company incorporated in Liberia and headquartered in Miami, Florida, United States. It is the second largest cruise line operator in the world.[3][4]
History
Royal Caribbean Group was formed in 1997 after the merger of Royal Caribbean Cruise Line (founded in 1968) and Celebrity Cruises (founded in 1988). Both brands remained separate, and the company was renamed Royal Caribbean Cruises Ltd., with Royal Caribbean International as one of its main brands.[5]
In 2000, they created Island Cruises in partnership with First Choice Holidays, targeting the British and Brazilian markets. In 2008, Royal Caribbean sold its share of Island Cruises to TUI, which had acquired First Choice.
In 2019, Royal Caribbean and the ITM Group launched Holistica, a company focused on developing cruise destinations, including the Grand Lucayan Resort in The Bahamas.
In July 2020, they bought the remaining shares of Silversea Cruises and changed their name to Royal Caribbean Group. In 2021, they sold Azamara Cruises to Sycamore Partners for $201 million dollars.
In 2022, they acquired the cruise ship Endeavor (formerly part of Crystal Cruises) for $275 million and renamed it Silver Endeavour to join the Silversea fleet.
In February 2024, they began building a new 10-story headquarters in PortMiami with 380,000 square feet of space, including green areas, gyms, and dry cleaning. The company will also renovate its current offices and build a new multi-level parking facility.[6]
Former brands
- Island Cruises (50% share, owned 2000–2008)
- CDF Croisières de France (2007-2017)
- SkySea Cruise Lines (35%, 2016–2018)
- Azamara Cruises (2000-2021, sold)
- Pullmantur Cruises (2000-2020, defunct)
- Admiral Cruises (1988-1992)
References
- ↑ "2024 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. February 14, 2025.
- ↑ "Proxy Statement". Retrieved 2022-06-02.
- ↑ "Investor Relations Overview". Royal Caribbean Cruises Ltd. Archived from the original on 18 December 2008. Retrieved 10 November 2008.
- ↑ 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.
- ↑ Plowman, Peter (2006). The Chandris Liners and Celebrity Cruises. Rosenberg Publishing. p. 219. ISBN 1-877058-47-5.
- ↑ Chang, Brittany. "Royal Caribbean has sold its Azamara brand including 4 ships for $201 million as the company continues to push back 2021 sail dates". Business Insider. Retrieved 2022-07-21.