Royal Caribbean Cruises Ltd.

Type	Public
Traded as	NYSE: RCL OSE: RCL
Industry	Hospitality, tourism
Founded	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	US$ 8.07 billion (2014)[2]
Operating income	US$ 942 million (2014)[2]
Net income	US$ 764 million (2014)[2]
Total assets	US$ 20.7 billion (2014)[2]
Total equity	US$ 8.28 billion (2014)[2]
Number of employees	64,000 (2014)[2]
Subsidiaries	Royal Caribbean International Celebrity Cruises Azamara Club Cruises Pullmantur Cruises CDF Croisières de France TUI Cruises SkySea Cruise Lines (Joint Venture)
Website	www.rclinvestor.com www.royalcaribbean.com

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 five cruise lines: Royal Caribbean International, Celebrity Cruises, Azamara Club Cruises, Pullmantur Cruises, and CDF Croisières de France, plus has a 50% stake in TUI Cruises.^[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

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 Cruises

Brands & ships

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

• Royal Caribbean International -
  • 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:
    • Legend of the Seas (completed May 1995 by Chantiers de l'Atlantique) - 69,130 tons / 2,076 passenger berths + 720 crew
    • 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 TBA fourth ship in class 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 (to be completed spring 2016) - 225,062 tons / 6,360 passenger berths + 2,164 crew
    • TBA (to be completed 2018)^[12]
  • Quantum Class: all built by Meyer Werft, Papenburg, Germany.
    • Quantum of the Seas (completed November 2014) - 167,800 tons / 4,905 passenger (maximum)
    • Anthem of the Seas (completed April 2015) - 167,800 tons / 4,905 passenger (maximum)
    • Ovation of the Seas (completed April 2016) - 167,800 tons / 4,905 passenger (maximum)
    • TBA (to be completed 2019)^[13]
• Celebrity Cruises -
  • 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 / 2,570 passenger berths + 999 crew
    • Celebrity Summit (completed November 2001) - 90,228 tons / 2,450 passenger berths + 999 crew
    • Celebrity Constellation (completed May 2002) - 90,228 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
• Pullmantur 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

• Azamara Club Cruises

• Azamara Journey
• Azamara Quest

• CDF Croisières de France

• 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

• TUI Cruises

• Mein Schiff 1
• Mein Schiff 2
• Mein Schiff 3
• Mein Schiff 4

Former brands

• Island Cruises (50% share, owned 2000-2008)

Other companies owned by RCCL

• Wamos Air (formerly Air Pullmantur, 19% share)
• Cruise1st

References

1. "Royal Caribbean’s Adam Goldstein promoted to new corporate role". miamiherald.
2. "Annual Report 2014". Royal Caribbean Cruises Ltd. Retrieved 20 May 2015.
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. "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.
12. "Royal Caribbean Orders Fourth Oasis-Class Vessel". Marinelink.com. Maritime Activity Reports, Inc. Retrieved 9 May 2014.
13. Royal Caribbean Cruises Ltd (7 May 2015). "ROYAL CARIBBEAN ORDERS FOURTH QUANTUM-CLASS VESSEL". Retrieved 12 May 2015.

External links

• Official website