Company:Royal Caribbean Cruises Ltd.

Royal Caribbean Cruises Ltd.

File:Royal Caribbean Cruises Ltd. logo.svg
Type	Public
Traded as	NYSE: RCL 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 (Vice Chairman)
Services	Cruises
Revenue	United States dollar 8.30 billion (2015)
Operating income	US$ 875 million (2015)
Net income	US$ 1.07 billion (2015)
Total assets	US$ 20.9 billion (2015)
Total equity	US$ 8.06 billion (2015)
Number of employees	66,000 (2015)
Subsidiaries	Royal Caribbean International Celebrity Cruises Azamara Club Cruises TUI Cruises (50%) Pullmantur Cruises (49%) CDF Croisières de France (49%) Grand Bahama Shipyard (40%) SkySea (35%) Wamos Air (19%)
Website	www.rclinvestor.com www.royalcaribbean.com

Royal Caribbean Cruises Ltd. (RCCL) is an United States 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, a 50% stake in TUI Cruises and 49% stakes in Pullmantur Cruises and CDF Croisières de France. Previously Royal Caribbean Cruises also owned 50% of Island Cruises, but this was sold to TUI Travel PLC in October 2008.

History

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.

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 United Kingdom and Brazil ian markets.

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. It followed this with the formation of CDF Croisières de France in May 2008 to serve the French-language market.

Royal Caribbean also has an interest in TUI Cruises, a joint venture with TUI AG, 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. In October 2008, Royal Caribbean Cruises rationalized their holdings by selling their share of Island Cruises to TUI.

Subsidiaries

Current brands and ships

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

Royal Caribbean International (full ownership)

• Empress Class: all built by Chantiers de l'Atlantique, France.
  • Empress of the Seas (completed August 1989) - 48,563 tons / 2,020 passenger berths + 685 crew
• Sovereign Class: all built by Chantiers de l'Atlantique, France.
  • Majesty of the Seas (completed April 1992) - 73,941 tons / 2,774 passenger berths + 827 crew
• Vision Class:
  • Grandeur of the Seas (completed December 1996 by Kvaerner Masa-Yards, Finland) - 74,137 tons / 2,446 passenger berths + 760 crew
  • Rhapsody of the Seas (completed May 1997 by Chantiers de l'Atlantique) - 78,491 tons / 2,435 passenger berths + 765 crew
  • Enchantment of the Seas (completed July 1997 by Kvaerner Masa-Yards, Finland) - 81,500 tons / 2,730 passenger berths + 840 crew
  • Vision of the Seas (completed May 1998 by Chantiers de l'Atlantique) - 78,491 tons / 2,436 passenger berths + 765 crew
• Voyager Class: all built by Kvaerner Masa-Yards, Finland.
  • Voyager of the Seas (completed November 1999) - 137,280 tons / 3,838 passenger berths + 1,176 crew
  • Explorer of the Seas (completed October 2000) - 137,308 tons / 3,840 passenger berths + 1,181 crew
  • Adventure of the Seas (completed November 2001) - 137,276 tons / 3,838 passenger berths + 1,185 crew
  • Navigator of the Seas (completed December 2002) - 137,276 tons / 3,835 passenger berths + 1,185 crew
  • Mariner of the Seas (completed November 2004) - 137,276 tons / 3,840 passenger berths + 1,185 crew
• Radiance Class: all built by Meyer Werft, Germany.
  • Radiance of the Seas (completed April 2001) - 90,090 tons / 2,542 passenger berths + 858 crew
  • Brilliance of the Seas (completed July 2002) - 90,090 tons / 2,500 passenger berths + 869 crew
  • Serenade of the Seas (completed August 2003) - 90,090 tons / 2,500 passenger berths + 858 crew
  • Jewel of the Seas (completed June 2004) - 90,090 tons / 2,500 passenger berths + 858 crew
• Freedom Class: all built by Kvaerner Masa-Yards, Finland.
  • Freedom of the Seas (completed June 2006) - 154,407 tons / 4,375 passenger berths + 1,397 crew
  • Liberty of the Seas (completed May 2007) - 154,407 tons / 4,375 passenger berths + 1,397 crew
  • Independence of the Seas (completed May 2008) - 154,407 tons / 4,376 passenger berths + 1,397 crew
• Oasis Class: Oasis and Allure of the Seas built by STX Europe, Finland; Harmony and Symphony of the Seas built by STX France.
  • Oasis of the Seas (completed December 2009) - 222,900 tons / 6,360 passenger berths + 2,164 crew
  • Allure of the Seas (completed December 2010) - 225,062 tons / 6,360 passenger berths + 2,164 crew
  • Harmony of the Seas (completed May 2016) - 227,700 tons / 6,360 passenger berths + 2,164 crew
  • Symphony of the Seas (completed April 2018) - 230,000 tons / 6,780 passenger (maximum) + 2,175 crew
• Quantum Class: all built by Meyer Werft, Papenburg, Germany.
  • Quantum of the Seas (completed November 2014) - 167,800 tons / 4,905 passenger (maximum) + 1,500 crew
  • Anthem of the Seas (completed April 2015) - 167,800 tons / 4,905 passenger (maximum) + 1,500 crew
  • Ovation of the Seas (completed April 2016) - 167,800 tons / 4,905 passenger (maximum) + 1,500 crew
  • Spectrum of the Seas - coming 2019

Celebrity Cruises (full ownership)

• Millennium Class: all built by Chantiers de l'Atlantique.
  • Celebrity Millennium (completed June 2000) - 90,228 tons / 2,450 passenger berths + 999 crew
  • Celebrity Infinity (completed March 2001) - 90,228 tons / 2,170 passenger berths + 999 crew
  • Celebrity Summit (completed November 2001) - 90,228 tons / 2,450 passenger berths + 999 crew
  • Celebrity Constellation (completed May 2002) - 90,940 tons / 2,450 passenger berths + 999 crew
• Solstice Class: all built by Meyer Werft.
  • Celebrity Solstice (completed November 2008) - 121,878 tons / 3,145 passenger berths + 1,253 crew
  • Celebrity Equinox (completed August 2009) - 121,878 tons / 3,145 passenger berths + 1,253 crew
  • Celebrity Eclipse (completed June 2010) - 121,878 tons / 3,145 passenger berths + 1,253 crew
  • Celebrity Silhouette (completed June 2010) - 121,878 tons / 3,145 passenger berths + 1,253 crew
  • Celebrity Reflection (completed June 2012) - 126,000 tons / 3,323 passenger berths + 1,253 crew
• Ecotourism ships:
  • Celebrity Xpedition (completed June 2001 by Cassens Werft) - 2,842 tons / 95 passenger berths + 64 crew

Azamara Club Cruises (full ownership)

• Azamara Journey
• Azamara Quest
• Azamara Pursuit

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)

• Mein Schiff 1
• Mein Schiff 2
• Mein Schiff 3
• Mein Schiff 4
• Mein Schiff 5
• Mein Schiff 6

Former brands

• Admiral Cruises (1988-1992)
• Island Cruises (50% share, owned 2000-2008)
• CDF Croisières de France (2007-2017)

Lobbying

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

Other companies owned by RCCL

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

External links

• Caribbean Experience
• Business data for Royal Caribbean Cruises Ltd.:
  • Google Finance
  • Yahoo! Finance
  • Reuters
  • SEC filings