Royal Caribbean International
Mr. Jason T. Liberty (Pres, CEO & Director)
Mr. Harri U. Kulovaara (Exec. VP of Maritime & Newbuilding)
Ms. Lisa Lutoff-Perlo (Pres & CEO of Celebrity Cruises)
Summary
Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara, and Silversea Cruises brands, which comprise a range of itineraries that call on approximately 1,000 destinations. As of February 25, 2022, it operated 61 ships. The company was founded in 1968 and is headquartered in Miami, Florida.
History
Royal Caribbean Group was formed as Royal Caribbean Cruises Ltd. in 1997 when Royal Caribbean Cruise Line purchased Celebrity Cruises. 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 First Choice Holidays. Island Cruises became an informal cruise line on the British and Brazilian 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 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 market. 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.In early 2019, Royal Caribbean announced in a joint venture with ITM Group the formation of Holistica, a company that intends to develop cruise destinations. The only known destination that the company is to develop is the Grand Lucayan Resort, located in Freeport after the hotel campus was sold to newly formed subsidiary by the Bahamian Government.
On July 10, 2020, Royal Caribbean Cruises purchased the remaining shares of Silversea Cruises. That same month, it also changed its name to Royal Caribbean Group. It also adjusted its logo. Royal Caribbean sold Azamara Cruises to Sycamore Partners in March 2021 for $201 million.In July 2022, Royal Caribbean Group received court approval to purchase Endeavor, a former Crystal Cruise ship, for $275 million. The ship will be renamed Silver Endeavour when it officially joins the Royal Caribbean's subsidiary, Silversea Cruises' fleet.
Mission
At Royal Caribbean International, we believe in creating unforgettable experiences that leave a lasting impact. Our mission is to bring the world to you, so you can explore the wonders of the world. We always aim to exceed expectations and make memories that last a lifetime.
Vision
Our vision is to be the world’s leading cruise line, providing first-class entertainment and unforgettable experiences that bring people together and create lasting memories.
Key Team
Mr. Michael W. Bayley (Pres & CEO of Royal Caribbean International)
Mr. Naftali Holtz (Chief Financial Officer)
Mr. Henry L. Pujol (Sr. VP & Chief Accounting Officer)
Ms. Martha Cecilia Poulter (Sr. VP & Chief Information Officer)
Mr. Michael McCarthy (VP of Investor Relations)
Mr. R. Alexander Lake (Sr. VP, Chief Legal Officer & Sec.)
Ms. Rosanna M. Fiske (Global Chief Communications Officer)
Recognition and Awards
References
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Mr. Jason T. Liberty (Pres, CEO & Director)
Mr. Harri U. Kulovaara (Exec. VP of Maritime & Newbuilding)
Ms. Lisa Lutoff-Perlo (Pres & CEO of Celebrity Cruises)