Archive for the ‘Cruise’ Category

Royal Caribbean Group Forms a Strategic Partnership with iCON Infrastructure to Launch New Chapter of Destination Development

MIAMI, Dec. 19, 2022 /PRNewswire-HISPANIC PR WIRE/ — Royal Caribbean Group (NYSE: RCL) announced today that it has entered into a new partnership with iCON Infrastructure Partners VI, L.P. (”iCON VI”)1, a fund advised by iCON Infrastructure LLP (”iCON Infrastructure” or “iCON”) to develop strategic cruise port infrastructure in support of Royal Caribbean Group’s robust growth plans.

Access to destinations continues to be of strategic importance to Royal Caribbean Group’s core business. The proposed partnership will own, develop, and manage cruise terminal facilities and infrastructure in home ports and key ports of call. The partnership, which will be owned 90% by iCON VI and 10% by Royal Caribbean Group, will be managed by an independent management team with strategic support from Royal Caribbean Group. Both parties have committed to provide funding for future expansion in accordance with their percentage interest.

“Our partnership with iCON is a unique opportunity to catapult us into the coming decades of port investments, build further financial strength, and provide exceptional cruising experiences, responsibly, to our guests at the best destinations in the world,” said Jason Liberty, president and CEO, Royal Caribbean Group. “Over the last few years, we have developed more destinations than any other cruise company and this new partnership will allow us to implement a capital-light investment framework to accelerate the development of strategic destinations around the world. We selected iCON because of our shared strategic priorities – delivering the best experiences in the world, responsibly – and our shared commitment to sustainability, being a committed partner in each of the destinations we visit and exploring the very best locations around the world.”

iCON is a leading independent investment group with a focus on investing in high-quality infrastructure assets located predominantly in North America and Europe, with extensive experience investing in ports and port-related infrastructure.

The new partnership will initially include PortMiami Terminal A, and several development projects in Italy, Spain, and the U.S. Virgin Islands. The partnership will also pursue additional port infrastructure developments based on the robust pipeline of projects as part of Royal Caribbean Group’s destination development strategy. At closing (anticipated for the first quarter of 2023), Royal Caribbean Group expects to receive net cash proceeds of approximately $210 million. The partnership is expected to be accretive to earnings, ROIC, and leverage metrics and will allow Royal Caribbean Group to continue investing in the development of strategic infrastructure while supporting the goals of its Trifecta program.

“We are thrilled to be partnering with Royal Caribbean Group to develop, own and manage a portfolio of cruise terminals in key strategic markets,” said Iain Macleod, Managing Partner at iCON. “Through this partnership, we will provide world class cruise terminal infrastructure, offering cruise guests more opportunities to see and experience the world in partnership with the Royal Caribbean Group, a world class operator. In the years to come, we look forward to delivering new high-quality terminals, working closely with key destination communities and with a strong focus on sustainability.”

BofA Securities is serving as exclusive financial advisor to Royal Caribbean Group.

About Royal Caribbean Group:

Royal Caribbean Group (NYSE: RCL) is one of the leading cruise companies in the world with a global fleet of 64 ships traveling to approximately 1,000 destinations around the world. Royal Caribbean Group is the owner and operator of three award-winning cruise brands: Royal Caribbean International, Celebrity Cruises, and Silversea Cruises, and it is also a 50% owner of a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises. Together, the brands have an additional 10 ships on order as of September 30, 2022. Learn more at www.royalcaribbeangroup.com or www.rclinvestor.com.

About iCON:

iCON is the exclusive advisor to funds with cumulative commitments in excess of $8bn. iCON VI, iCON’s latest flagship fund, closed fundraising in June 2022 with $3.6bn of capital committed from over 50  investors. Investors in iCON’s funds comprise globally recognized corporate and public pension funds, asset managers, insurance companies and sovereign wealth funds.

iCON is a long-term investor with an extensive track record of partnering alongside strategic counterparties that share a similar focus on growth, operational excellence and sustainability. iCON advised funds invest across a range of infrastructure sectors including ports, transport, telecommunications, healthcare, water, energy generation, distribution and storage. Learn more at www.iconinfrastructure.com.

Cautionary Statement Concerning Forward-Looking Statements

Certain statements in this press release relating to, among other things, our future performance estimates, forecasts and projections constitute forward-looking statements under the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited, to: statements regarding the impact of the Partnership on our financial performance, projections and balance sheet. Words such as “anticipate,” “believe,” “could,” “driving,” “estimate,” “expect,” “goal,” “intend,” “may,” “plan,” “project,” “seek,” “should,” “will,” “would,” “considering,” and similar expressions are intended to help identify forward-looking statements. Forward-looking statements reflect management’s current expectations, are based on judgments, are inherently uncertain and are subject to risks, uncertainties and other factors, which could cause our actual results, performance or achievements to differ materially from the future results, performance or achievements expressed or implied in those forward-looking statements. Examples of these risks, uncertainties and other factors include, but are not limited to, the following: the impact of the global incidence and continued spread of COVID-19, which has had and may continue to have a material adverse impact on our business, liquidity and results of operations, or other contagious illnesses on economic conditions and the travel industry in general and the financial position and operating results of our Company in particular, such as: governmental and self-imposed travel restrictions and guest cancellations; our ability to obtain sufficient financing, capital or revenues to satisfy liquidity needs, capital expenditures, debt repayments and other financing needs; the effectiveness of the actions we have taken to improve and address our liquidity needs; the impact of the economic and geopolitical environment on key aspects of our business including the conflict between Ukraine and Russia, such as the demand for cruises, passenger spending, and operating costs; incidents or adverse publicity concerning our ships, port facilities, land destinations and/or passengers or the cruise vacation industry in general; concerns over safety, health and security of guests and crew; our COVID-19 protocols and any other health protocols we may develop in response to infectious diseases may be costly and less effective than we expect in reducing the risk of infection and spread of such disease on our cruise ships; further impairments of our goodwill, long-lived assets, equity investments and notes receivable; an inability to source our crew or our provisions and supplies from certain places; an increase in concern about the risk of illness on our ships or when travelling to or from our ships, all of which reduces demand; unavailability of ports of call; growing anti-tourism sentiments and environmental concerns; changes in U.S. foreign travel policy; the uncertainties of conducting business internationally and expanding into new markets and new ventures; our ability to recruit, develop and retain high quality personnel; changes in operating and financing costs; our indebtedness, any additional indebtedness we may incur and restrictions in the agreements governing our indebtedness that limit our flexibility in operating our business; the impact of foreign currency exchange rates, the impact of higher interest rate and fuel prices; the settlement of conversions of our convertible notes, if any, in shares of our common stock or a combination of cash and shares of our common stock, which may result in substantial dilution for our existing shareholders; our expectation that we will not declare or pay dividends on our common stock for the near future; vacation industry competition and changes in industry capacity and overcapacity; the risks and costs related to cyber security attacks, data breaches, protecting our systems and maintaining integrity and security of our business information, as well as personal data of our guests, employees and others; the impact of new or changing legislation and regulations (including environmental regulations) or governmental orders on our business; pending or threatened litigation, investigations and enforcement actions; the effects of weather, natural disasters and seasonality on our business; the impact of issues at shipyards, including ship delivery delays, ship cancellations or ship construction cost increases; shipyard unavailability; the unavailability or cost of air service; and uncertainties of a foreign legal system as we are not incorporated in the United States.

More information about factors that could affect our operating results is included under the caption “Risk Factors” in our most recent current report on Form 10-Q, as well as our other filings with the SEC, copies of which may be obtained by visiting our Investor Relations website at www.rclinvestor.com or the SEC’s website at www.sec.gov. Undue reliance should not be placed on the forward-looking statements in this release, which are based on information available to us on the date hereof. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Selected Definitions

Trifecta refers to the multi-year Adjusted EBITDA per APCD, Adjusted EPS and ROIC goals we publicly announced in November 2022 and are seeking to achieve by the end of 2025. We designed this program to help us better execute and achieve our business goals by clearly articulating longer-term financial objectives. Under the Trifecta Program, we are targeting Adjusted EBITDA per APCD of at least $100, Adjusted EPS of at least $10, and ROIC of 13% or higher by the end of 2025.

Adjusted EBITDA is a non-GAAP measure that represents EBITDA (as defined below) excluding certain items that we believe adjusting for is meaningful when assessing our profitability on a comparative basis. Refer to Management’s Discussion and Analysis of Financial Condition and Results of Operations within Item 2 of our Quarterly Report on Form 10-Q for the quarter ended September 30, 2022 for a discussion of items adjusted to arrive at Adjusted EBITDA.

Adjusted Earnings (Loss) per Share (”Adjusted EPS”) is a non-GAAP measure that represents Adjusted Net Income (Loss) (as defined below) divided by weighted average shares outstanding or by diluted weighted average shares outstanding, as applicable. We believe that this non-GAAP measure is meaningful when assessing our performance on a comparative basis.

Adjusted Net Income (Loss) is a non-GAAP measure that represents net income (loss) excluding certain items that we believe adjusting for is meaningful when assessing our performance on a comparative basis. Refer to Management’s Discussion and Analysis of Financial Condition and Results of Operations within Item 2 of our Quarterly Report on Form 10-Q for the quarter ended September 30, 2022, and within Item 7 of our Annual Report on Form 10-K for the year ended December 31, 2021 for a discussion of items adjusted to arrive at Adjusted Net Income (Loss).

Adjusted Operating Income (Loss) is a non-GAAP measure that represents operating income (loss) including income (loss) from equity investments and income taxes but excluding certain items that we believe adjusting for is meaningful when assessing our operating performance on a comparative basis. Refer to Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations of our Quarterly Report on Form 10-Q for the quarter ended September 30, 2022 for a discussion of items adjusted to arrive at Adjusted Operating Income (Loss). We use this non-GAAP measure to calculate ROIC (as defined below).

Available Passenger Cruise Days (”APCD”) is our measurement of capacity and represents double occupancy per cabin multiplied by the number of cruise days for the period, which excludes canceled cruise days and cabins not available for sale. We use this measure to perform capacity and rate analysis to identify our main non-capacity drivers that cause our cruise revenue and expenses to vary.

EBITDA is a non-GAAP measure that represents net income (loss) excluding (i) interest income; (ii) interest expense, net of interest capitalized; (iii) depreciation and amortization expenses; and (iv) income tax benefit or expense. We believe that this non-GAAP measure is meaningful when assessing our operating performance on a comparative basis.

Invested Capital represents the most recent five-quarter average of total debt (i.e., Current portion of long-term debt plus Long-term debt) plus Total shareholders’ equity. We use this measure to calculate ROIC (as defined below).

Return on Invested Capital (”ROIC”) represents Adjusted Operating Income (Loss) divided by Invested Capital. We believe ROIC is a meaningful measure because it quantifies how efficiently we generated operating income relative to the capital we have invested in the business. ROIC is also used as a key metric in our long-term incentive compensation program for our executive officers.

1 iCON Infrastructure Partners VI (”iCON VI”) comprises two parallel limited partnerships, iCON Infrastructure Partners VI, L.P. and iCON Infrastructure Partners VI-B, L.P. iCON Infrastructure Management VI Limited, the managing general partner of each of iCON Infrastructure Partners VI, L.P. and iCON Infrastructure Partners VI-B, L.P., is licensed by the Guernsey Financial Services Commission. iCON Infrastructure LLP (”iCON”), the investment advisor to the managing general partner, is regulated by the Financial Conduct Authority.

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SILVERSEA CRUISES PRESIDENT AND CEO ROBERTO MARTINOLI TRANSITIONS TO SENIOR ADVISOR ROLE; BARBARA MUCKERMANN NAMED TO SUCCEED HIM

Martinoli to assume senior advisor role to Royal Caribbean Group President and CEO Jason Liberty, after building Silversea Cruises into the world’s leading ultra-luxury cruise line

MIAMI, Dec. 15, 2022 /PRNewswire-HISPANIC PR WIRE/ — Silversea Cruises President and CEO Roberto Martinoli has elevated the brand into the industry’s leading ultra-luxury cruise line. On January 1, 2023, Martinoli will assume the role of senior advisor to Royal Caribbean Group (NYSE: RCL) President and CEO Jason Liberty. Barbara Muckermann, currently Chief Commercial Officer, will become Silversea’s next president and CEO, and will join Royal Caribbean Group’s Executive Committee.

“Roberto has built Silversea Cruises into the category leader that it is today, 11 ships strong with more on the way,” said Jason Liberty, president and CEO of Royal Caribbean Group. “He is one of the most innovative and knowledgeable leaders in the maritime industry. As senior advisor, Roberto will continue to provide strategic guidance that further cements Royal Caribbean Group’s status as a leader in the travel and hospitality industry. Barbara is the ideal executive to succeed Roberto. Her global perspective and team-first leadership style are a recipe for success for both the Silversea Cruises brand and Royal Caribbean Group.”

Under Martinoli’s leadership since 2016, Silversea’s fleet has grown to include 11 ships. In summer 2023, it will welcome Silver Nova, the first hybrid luxury cruise ship utilizing fuel cells and emitting zero harmful emissions while in port, an industry first. In 2024, Silversea welcomes Silver Ray, the second ship in the Nova Class. Martinoli also led the acquisition in 2022 of Silver Endeavour to help enable the company to access both polar regions. The ultra-luxury cruise line now sails to over 900 destinations across all seven continents each year, more than any other cruise line.

Muckermann brings more than 25 years of experience in the travel and hospitality industry, with an emphasis on creating truly exclusive high-end vacations. She first joined Silversea Cruises in 2001, and held several roles at other luxury and cruise brands from 2005 to 2016 before returning. In her current post as Silversea’s Chief Commercial Officer, she oversees all aspects of sales, marketing, revenue management and guest relations, as well as strategic communications and brand and product strategy. Muckermann is a Doctor in Political Sciences and Economics, and holds a joint MBA from London Business School and Columbia University.

“This is an exciting moment for Silversea as we continue to add new ships and return to the Asia market,” Muckermann said. “I am thrilled to build on our achievements under Roberto and focus on growth in the years ahead.”

Muckermann becomes the second woman to lead one of Royal Caribbean Group’s three wholly-owned brands, and joins Celebrity Cruises President and CEO Lisa Lutoff-Perlo, and Royal Caribbean International President and CEO Michael Bayley. She will oversee all of Silversea’s employees and crew, and will report to Jason Liberty.

For more information on Royal Caribbean Group’s executive leadership, please visit https://www.royalcaribbeangroup.com/about/

About Royal Caribbean Group

Royal Caribbean Group (NYSE: RCL) is one of the leading cruise companies in the world with a global fleet of 64 ships traveling to approximately 1,000 destinations around the world. Royal Caribbean Group is the owner and operator of three award-winning cruise brands: Royal Caribbean InternationalCelebrity Cruises, and Silversea Cruises, and it is also a 50% owner of a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises. Together, the brands have an additional 10 ships on order as of September 30, 2022. Learn more at www.royalcaribbeangroup.com or www.rclinvestor.com.

About Silversea Cruises

Silversea Cruises is recognized as an innovator in the ultra-luxury cruise industry, offering guests large-ship amenities aboard its intimate, all-suite vessels: Silver Dawn℠, Silver Shadow℠, Silver Whisper®, Silver Spirit®, Silver Muse®, and Silver Moon℠ – all designed to offer an atmosphere of conviviality and casual elegance. With the inclusion of the expedition ships Silver Endeavour℠, Silver Origin®, Silver Wind®, Silver Explorer®, and Silver Cloud®, Silversea’s itineraries encompass all seven continents and feature worldwide luxury cruises to the Mediterranean, the Caribbean, the Galápagos, both Polar Regions, and hundreds of fascinating destinations in between. Silversea is also looking forward to the launch of two new ultra-luxury Nova-class ships—Silver Nova℠ and Silver Ray℠. Silversea Cruises is one of five cruise brands owned by global cruise company Royal Caribbean Group (NYSE: RCL).

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Royal Caribbean Group Announces Strategic Agreement with Meyer Turku Oy, Finnish Government

TURKU, Finland, Dec. 14, 2022 /PRNewswire-HISPANIC PR WIRE/ — Today, Royal Caribbean Group (NYSE: RCL) announced it has signed a maritime declaration with the Finnish government, represented by the Ministry of Economic Affairs and Employment (MEAE) and Meyer Turku Oy, to chart the way forward for innovative and sustainable shipbuilding in Finland. The commitment is set to advance innovation, strengthen competitiveness and bolster the maritime industry’s ecosystem.

“Our partners in Finland have helped us deliver some of the world’s most impressive and sustainable ships of their time, including our newest ship debuting in January 2024, Icon of the Seas,” said Jason Liberty, president and CEO of Royal Caribbean Group. “This new partnership sets the stage for future innovations and allows us and the maritime industry to continue pursuing sustainability at the highest level.”

The declaration announces the following actions:

  • Preparing a roadmap for the production of climate-neutral ships in Finland. The roadmap is part of the maritime industry’s green transition.
  • Strengthening the innovation of Meyer Turku, Royal Caribbean Group and the maritime industry.
  • Supporting networking to curb economic challenges, develop new solutions and secure the long-term viability of the maritime industry.
  • Assembling a digital demonstration of a climate-neutral ship as part of the sustainable maritime industry development program of the Ministry of Labor and Economy.
  • Strengthening the innovation of Meyer Turku, Royal Caribbean Group and the maritime industry.
  • Piloting and testing new innovations and technologies on Royal Caribbean Group ships.

This partnership also advances Royal Caribbean Group’s Destination Net Zero strategy to decarbonize its operations by 2050 and its near- and medium-term targets, including reducing carbon intensity by double digits by 2025 compared to 2019 and the introduction of a net-zero cruise ship by 2035.

The declaration comes on the heels of another major milestone for Royal Caribbean. On Friday, Dec. 9, the revolutionary, new vacation, Icon of the Seas, reached its next phase of construction ahead of its iconic January 2024 debut. The new ship floated on water for the first time since the assembly began nine months ago at Meyer Turku shipyard in Turku, Finland. Icon will join the company’s Royal Caribbean International cruise line and its lineup of industry-leading ships, becoming the brand’s most sustainable ship to date and the crown jewel of shipbuilding in the Finnish maritime industry.

“The Finnish maritime ecosystem is built on the innovativeness, expertise and skills of the thousands of leading shipbuilders at Meyer Turku, and Icon of the Seas is the latest example of what can be built here in Finland,” said Mika Lintilä, Finland’s Ministry of Economic Affairs. ”This new declaration will secure a future in which the maritime industry continues to make strides in our decarbonization goals and economic growth priorities for years to come.”

The company also has agreements with the shipyard to build the unnamed second and third ships in the Icon Class for its Royal Caribbean International brand, and Mein Schiff 7, which is currently under construction for the company’s TUI Cruises brand.

“While expertise and interdisciplinary collaboration will always be key to the success of shipbuilding, we recognize the need to continuously evolve and create strategies to reduce carbon emissions toward net zero,” said Tim Meyer, CEO, Meyer Turku Oy. “This commitment will set us up, as an industry, to innovate and adapt in how we design, build and operate ships. This challenge presents significant opportunities for the Finnish maritime industry to take the lead globally and bring to market new technologies and products.”

About Royal Caribbean Group:

Royal Caribbean Group (NYSE: RCL) is one of the leading cruise companies in the world with a global fleet of 64 ships traveling to approximately 1,000 destinations around the world. Royal Caribbean Group is the owner and operator of three award-winning cruise brands: Royal Caribbean International, Celebrity Cruises, and Silversea Cruises, and it is also a 50% owner of a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises. Together, the brands have an additional 10 ships on order as of June 30, 2022. Learn more at www.royalcaribbeangroup.com or www.rclinvestor.com.

About Meyer Turku:

The Meyer Turku Oy shipyard is specialized in the construction of very demanding, innovative, and environmentally efficient cruise ships, car ferries, and special vessels. Our share of the global cruise construction market is approximately 15%, and our shipyard’s order books extend to 2026. Our largest customers are Royal Caribbean International, Carnival Cruise Lines, TUI Cruises and the Finnish Border Guard.

Meyer Turku employs 2.000 top professionals and operates the Turku shipyard where vessels are built since 1373. Meyer Turku’s subsidiaries are Piikkiö Works Oy, a cabin factory located in Piikkiö, Shipbuilding Completion Oy, which offers complete deliveries to public spaces, and ENG’nD Oy, a shipbuilding and offshore design company based in Rauma.

Together with the German shipyards, Meyer Werft in Papenburg, and Neptun Werft in Rostock, Meyer Turku forms the Meyer Group, one of world’s leading cruise ship builders.

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Royal Caribbean Group First Cruise Company in US to Sail Using Renewable Diesel Fuel

Group partners with World Fuel Services for first bunkering of lower carbon fuel, a vital step in its Destination Net Zero decarbonization strategy

LOS ANGELES, Oct. 28, 2022 /PRNewswire-HISPANIC PR WIRE/ — Today, Royal Caribbean Group (NYSE: RCL) became the first major cruise line operator to sail a cruise ship from a U.S. port while using renewable diesel fuel to meet part of the ship’s fuel needs when Navigator of the Seas set sail from the Port of Los Angeles. Part of the Group’s award-winning cruise line, Royal Caribbean International, the use of renewable fuel will reduce the ship’s carbon emissions.

Navigator of the Seas Renewable Diesel

This key step in the Group’s pursuit of alternative fuels comes less than a year after the unveiling of Destination Net Zero, Royal Caribbean Group’s comprehensive decarbonization strategy.

“We are committed to investing in technologies and innovations that will help us reduce emissions and fulfill our purpose to deliver great vacations responsibly,” said Laura Hodges Bethge, Royal Caribbean Group’s Executive Vice President, Shared Services Operations. “As we celebrate this milestone, we continue to set our sights on other leading alternative solutions to meet our net zero goals.”

The renewable fuel being used by Navigator of the Seas contains less carbon than traditional marine fuels. While this fuel is produced from renewable raw materials, the production process for this fuel makes it molecularly identical to traditional marine gas oil — creating a “drop in” fuel that can be safely used with the ship’s existing engines.

The cruise company plans to continue using lower carbon fuel to meet part of the Los Angeles-based ship’s fuel needs as it evaluates the feasibility for long-term use, with ambitions to expand its usage to other ships across the fleet. This follows a similar trial by the Group’s joint venture partner, Hapag-Lloyd Cruises, which is exploring a different process for developing a sustainable biofuel.

For the trial, Royal Caribbean Group has partnered with World Fuel Services to supply the renewable fuel to Navigator of the Seas. The Jankovich Company will deliver the fuel on behalf of World Fuel Services to the ship while at the Port of Los Angeles. Once fueled, Navigator of the Seas will set sail to Mexico.

“We are extremely proud to be a part of Royal Caribbean Group’s journey toward making the cruise industry more sustainable by leveraging our renewable fuel distribution capabilities and technical expertise to facilitate the use of renewable fuel in a marine application,” said Michael J. Kasbar, Chairman and Chief Executive Officer, World Fuel Services Corporation.

In addition to testing the use of biofuel aboard Navigator of the Seas, Royal Caribbean Group is set to debut the cruise industry’s first hybrid-powered ship in summer 2023, as part of Silversea Cruises newest class of ships, the Nova class. The Group is also working to reduce emissions while at port by investing in shore power on its ships and collaborating with key cruise ports for its use. For example, in 2021, Royal Caribbean Group signed an agreement to bring shore power to PortMiami, which will enable ships to use electricity at port instead of burning fuel. The company also is introducing a new zero-energy cruise terminal in the Port of Galveston, Texas, that builds on its sustainable design efforts and will be a LEED-Gold certified facility.

To learn more about Royal Caribbean Group’s sustainability efforts, visit https://sustainability.rclcorporate.com/.

About Royal Caribbean Group:

Royal Caribbean Group (NYSE: RCL) is one of the leading cruise companies in the world with a global fleet of 64 ships traveling to approximately 1,000 destinations around the world. Royal Caribbean Group is the owner and operator of three award-winning cruise brands: Royal Caribbean InternationalCelebrity Cruises, and Silversea Cruises, and it is also a 50% owner of a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises. Together, the brands have an additional 10 ships on order as of June 30, 2022. Learn more at www.royalcaribbeangroup.com or www.rclinvestor.com.

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Royal Caribbean Group acquires cruise ship Endeavor, growing Silversea Cruises’ expedition offerings

MIAMI, July 18, 2022 /PRNewswire-HISPANIC PR WIRE/ – Royal Caribbean Group (NYSE: RCL) today announced it has received court approval to acquire the ultra-luxury cruise ship Endeavor. Originally delivered to Crystal Cruises in 2021, the ship will be renamed Silver Endeavour when it officially joins the Group’s wholly owned subsidiary, Silversea Cruises’ fleet, this month.

The purchase price for the vessel was $275 million, significantly below the cost of construction. The vessel was fully financed through a 15-year unsecured term loan, guaranteed by the German export credit agency, Euler Hermes, with no amortization payments in the first two years. The acquisition is expected to be immediately accretive to earnings, cash flow and ROIC.

“With Endeavour, we are seeking to grow our world class fleet to meet the exceptional demand for ultra-luxury expedition cruising, while also enhancing our profitability profile and affirming Silversea’s position as the industry’s leading ultra-luxury and expedition cruise line,” said Jason Liberty, president and CEO, Royal Caribbean Group.

Built to PC6 polar class specifications, the ship can operate all of Silversea’s current expedition itineraries and is designed specifically to take travelers to the world’s most remote destinations, including both polar regions.

“The expedition cruising industry is poised to resume accelerated growth driven by demand among high-end, affluent customers for travel to remote and hard-to-access destinations,” said Roberto Martinoli, president and CEO, Silversea Cruises. “This ship will be the fourth vessel to join Silversea’s fleet since 2020, which demonstrates our commitment to growth.”

Silver Endeavour offers the highest standards in the industry in terms of space-per-guest ratio, and crew-to-guest ratio, as well as top-notch accommodations and public areas. The ship’s state-of-the-art expedition amenities offer guests some of the most immersive and luxury experiences available, including traveling with a fleet of zodiac boats for remote exploration.

“Delivering the best vacations in the world, responsibly, is Royal Caribbean Group’s purpose,” Liberty said. “While our acquisition only covers the physical vessel, we want all of our guests to know we go above and beyond to take care of them.”

As part of the ongoing RCL Cares program, Royal Caribbean Group will protect the deposits of guests who were originally booked on Crystal Endeavor and make a new booking on one of the Group’s global brands – Royal Caribbean International, Celebrity Cruises and Silversea Cruises.

“We believe those Crystal guests will receive back their deposits, but we want to give them added assurance,” Liberty added.

To the extent the Crystal Endeavor guests do not receive their deposits back from Crystal or other sources, the Royal Caribbean Group will refund any amount paid on their new booking up to the amount of their lost deposits from Crystal. Complete terms of the offer will be provided on each brand’s website soon.

Silver Endeavour is scheduled to begin service winter 2022/2023, spending its inaugural season in Antarctica starting November 2022.

About Royal Caribbean Group
Royal Caribbean Group (NYSE: RCL) is one of the leading cruise companies in the world with a global fleet of 63 ships traveling to approximately 1,000 destinations around the world. Royal Caribbean Group is the owner and operator of three award-winning cruise brands: Royal Caribbean InternationalCelebrity Cruises, and Silversea Cruises, and it is also a 50% owner of a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises. Together, the brands have an additional 10 ships on order as of June 30, 2022. Learn more at www.royalcaribbeangroup.com or www.rclinvestor.com.

Forward-Looking Statements
Certain statements in this press release constitute forward-looking statements under the Private Securities Litigation Reform Act of 1995. These statements relate to, among other things, the company’s expectations and projections regarding growth in the expedition cruising industry, customer demand, and profitability. Forward-looking statements reflect management’s current expectations and are subject to risks, uncertainties and other factors that could cause our actual results, performance or achievements to differ materially from the future results, performance or achievements expressed or implied in those forward-looking statements. Factors that could affect our results include, among others, those discussed under the caption “Risk Factors” in our most recent quarterly report on Form 10-Q, as well as our other filings with the SEC, copies of which may be obtained by visiting our Investor Relations website at www.rclinvestor.com or the SEC’s website at www.sec.gov. Undue reliance should not be placed on the forward-looking statements in this release, which are based on information available to us on the date hereof. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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The Dominican Republic Fully Committed to Hosting the 2022 FCCA Cruise Conference

MIRAMAR, Fla., June 22, 2022 /PRNewswire-HISPANIC PR WIRE/ — Florida-Caribbean Cruise Association (FCCA) is pleased to announce that the Dominican Republic will host the 2022 FCCA Cruise Conference, the only official cruise conference representing the Caribbean, Mexico and Central and South America. Taking place in Santo Domingo from October 11-14, the event will feature a series of meetings, workshops and networking opportunities with an expected 100 high-level executives from FCCA Member Lines, which represent more than 90 percent of global ocean cruising capacity. It will also allow the Dominican Republic to showcase its potential for increased benefits from cruise tourism and help the destination fulfill targeted objectives.

“I am thankful for the continued partnership with the Dominican Republic that paved the way to hosting the FCCA Cruise Conference,” said Micky Arison, Chairman of Carnival Corporation and FCCA. “This will be a crucial time and place for the industry gather to continue cruise tourism’s recovery, and it is a testament to the country’s commitment.”

All Conference participants will have access to workshops led by cruise executives and successful stakeholders, including ones focused on tour operators and increasing local employment and sourcing opportunities.

Participants will also have opportunities to interact with the expected 100 cruise executives during a series of meetings – including one-on-one meetings – and networking functions throughout the event, which will be celebrating FCCA’s 50th anniversary.

Additionally, the Dominican Republic will showcase some of the best to see, eat and hear in the destination for cruise guests, along with what its opportunities for growth that hosting the event has historically driven.

Before, during and after the event, FCCA will work with the Dominican Republic toward its goals of developing a new cruise terminal in Samana and increasing demand for Sans Souci Terminal in Santo Domingo. FCCA is also partnering with the Dominican Republic on initiatives focused on cruise lines hiring citizens, cruise ships sourcing local goods, and increasing the already high percentage of cruisers that return as overnight guests.

More details about and registration for the event will be announced in the coming months and available at www.FCCAConference.com.

About Florida-Caribbean Cruise Association (FCCA)

Created in 1972, FCCA is a not-for-profit trade organization representing mutual interests of the cruise industry and destinations’ private and public sectors. For more information, visit F-CCA.com and @FCCAupdates on FacebookInstagram and Twitter.

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Royal Caribbean Group Unveils 2021 Seastainability Report

Report revamps Environmental, Social and Governance (ESG) Framework, highlights efforts to reduce emissions on ship and at port

MIAMI, May 13, 2022 /PRNewswire-HISPANIC PR WIRE/ — Today Royal Caribbean Group (NYSE: RCL) released its 14th annual sustainability report, providing a comprehensive update on the company’s Environmental, Social and Governance (ESG) framework and activities across its three wholly owned brands: Royal Caribbean International, Celebrity Cruises and Silversea Cruises.

New for 2021, Royal Caribbean Group revamped its ESG framework to better reflect the company’s contributions to a more sustainable cruise industry. The ESG framework focuses on five distinct ways to deliver great vacation experiences responsibly: Champion communities and the environment; provide unforgettable cruise experiences; foster human rights and be an employer of choice; advance net zero innovation; and govern responsibly.

“All of us at Royal Caribbean Group are focused on delivering the best vacations possible and doing so responsibly,” said Jason Liberty, CEO, Royal Caribbean Group. “This report reflects our commitment to continuous innovation and building a sustainable cruise industry while growing our business for good.”

The release of the 2021 Seastainability Report follows the recent announcement that Royal Caribbean Group has committed to another five-year partnership with World Wildlife Fund (WWF). A flagship partner, WWF will help the company continue to establish sustainable business practices in areas including emissions, sustainable tourism and more.

This year’s ESG report highlights the company’s unrelenting efforts to decarbonization, especially through the company’s Destination Net Zero strategy, which aims to establish Science-Based Targets (SBT) and achieve net zero emissions by 2050.

Destination Net Zero, along with other ESG initiatives, will ensure Royal Caribbean Group develops ambitious and measurable goals for continued carbon emissions reduction, sustainable business development and growth, sustainable tourism, and waste management. Destination Net Zero encapsulates Royal Caribbean Group’s focus on serving as a catalyst for innovation in the industry, with developments that include:

  • Introducing a fuel-cell hybrid design that allows for zero emission in port.
  • Future-proofing the company’s ship-building portfolio through fuel flexibility and innovation that ensure each new ship class is 20% more energy efficient than its predecessor.
  • Developing waste management technologies that can convert waste to energy. Currently 100% of the fleet is equipped to be landfill-free.
  • Being ready, through shore power, to connect to local power grids as soon as it becomes available.

This year’s report was shaped by RCG’s 2021 materiality assessment and references the Global Reporting Initiative’s (GRI) 2020 core reporting standards. The report is also aligned, to the extent possible, with the Sustainable Accounting Standards Board (SASB) standards.

To view Royal Caribbean Group’s 2021 sustainability report and learn more about the company’s efforts, visit: www.royalcaribbeangroup.com/sustainability.

About Royal Caribbean Group

Royal Caribbean Group (NYSE: RCL) is one of the leading cruise companies in the world with a global fleet of 63 ships traveling to approximately 1,000 destinations around the world. Royal Caribbean Group is the owner and operator of three award winning cruise brands: Royal Caribbean International, Celebrity Cruises, and Silversea Cruises and it is also a 50% owner of a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises. Together, the brands have an additional 11 ships on order as of March 31, 2022. Learn more at www.royalcaribbeangroup.com or www.rclinvestor.com.

Forward-Looking Statements

Certain statements in this press release constitute forward-looking statements under the Private Securities Litigation Reform Act of 1995. These statements relate to, among other things, the company’s expectations, estimates, forecasts and projections regarding environmental, social and governance (ESG) initiatives and the company’s ability to achieve its ESG goals. Forward-looking statements reflect management’s current expectations and are subject to risks, uncertainties and other factors that could cause our actual results, performance or achievements to differ materially from the future results, performance or achievements expressed or implied in those forward-looking statements. Factors that could affect our results include, among others, those discussed under the caption “Risk Factors” in our most recent quarterly report on Form 10-Q, as well as our other filings with the SEC, copies of which may be obtained by visiting our Investor Relations website at www.rclinvestor.com or the SEC’s website at www.sec.gov. Undue reliance should not be placed on the forward-looking statements in this release, which are based on information available to us on the date hereof. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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Royal Caribbean Group and World Wildlife Fund (WWF) Recommit to Partnership

New five-year partnership to establish ambitious, measurable sustainability goals for groundbreaking progress across ship, sea and shore

MIAMI, April 28, 2022 /PRNewswire-HISPANIC PR WIRE/ — Today, Royal Caribbean Group (NYSE: RCL), announced its new commitment to the next phase of its ongoing partnership with World Wildlife Fund (WWF) for guidance and counsel in establishing bold environmental goals and sustainable business practices.

“Healthy, sustainable oceans are paramount to our mission of delivering the best vacations responsibly,” said Royal Caribbean Group CEO Jason Liberty. “Our partnership with WWF encapsulates our belief in continuous improvement and our commitment to advancing our environmental, social and governance (ESG) work. The support and assistance of WWF will be invaluable to realizing this mission as we work to set and achieve our sustainability goals.”

Royal Caribbean Group first partnered with WWF in 2016. Since then, WWF has advised Royal Caribbean Group to embed sustainability into the core of the company’s business and across the industry, promote responsible tourism in priority coastal destinations and help protect the oceans by investing in conservation programs globally. This included establishing bold 2020 sustainability goals that the company has met or exceeded, with the exception of the sustainable seafood sourcing target, which was impacted by global suspension of service from the pandemic.

The next five years of the partnership will focus on setting ambitious, measurable sustainability targets around the reduction of carbon emissions, the sustainable growth and development of the business, sustainable commodity sourcing and tourism, the elimination of single-use plastics and waste management, among other areas.

“Scale matters, particularly in the face of global challenges like climate change and ocean conservation. We’re grateful for the progress Royal Caribbean Group has made toward achieving its sustainability goals since 2016, and we’re energized by an ambition for even greater things to come,” said Carter Roberts, President and CEO of WWF-US. “Our work together is grounded in the reality that people everywhere – from local communities and Indigenous peoples to urban residents and tourists – rely on the ocean for food, livelihoods, and enrichment. We’re committed to doing everything possible to keep ocean ecosystems thriving for the benefit of all people, as well as the many other creatures for whom the ocean is their home.

This year, WWF and Royal Caribbean Group will work together to establish sustainability goals across three key areas of Ship, Sea and Shore:

  • Ship — Continuous improvement of operational sustainability, including emissions, marine mammal protection, seafood sourcing, plastics reduction, and food waste.
  • Sea — Investing in ocean health through targeted philanthropy; engaging with a global science-driven agenda and consumer-facing education and fundraising campaigns.
  • Shore — Embedding principles of sustainable development in projects and increasing sustainability and certification of tour operators.

Royal Caribbean Group will also continue to provide financial support to WWF’s global ocean conservation work through a $5 million philanthropic contribution and collaborate with WWF to build global awareness about ocean conservation issues among Royal Caribbean Group’s millions of guests.

The renewal of the partnership with WWF builds on Royal Caribbean Group’s broader decarbonization strategy, focused on establishing Science-Based Targets (SBT).

To learn more about Royal Caribbean Group’s sustainability efforts visit https://sustainability.rclcorporate.com/. Click here to learn more about Royal Caribbean Group’s “Destination Net Zero” strategy.  Stay up to date by following @NewsfromRCGroup on Twitter and visiting RoyalCaribbeanPressCenter.com.

About Royal Caribbean Group
Royal Caribbean Group (NYSE: RCL) is one of the leading cruise companies in the world with a global fleet of 63 ships traveling to more than 1,000 destinations around the world.  Royal Caribbean Group is the owner and operator of three award winning cruise brands: Royal Caribbean InternationalCelebrity Cruises, and Silversea Cruises, and it is also a 50% owner of a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises. Together, the brands have an additional 10 ships on order as of March 31, 2022. Learn more at www.royalcaribbeangroup.com or www.rclinvestor.com.

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Royal Caribbean Group provides update on COVID-19, Omicron variant impact

MIAMI, Dec. 30, 2021 /PRNewswire-HISPANIC PR WIRE/ — Today, Royal Caribbean Group provided an update on the status of its business and the impact of the Omicron variant.

Knowledge about COVID-19 and how to deal with it have been in a constant state of flux for the last two years. Omicron has significantly altered the COVID-19 landscape for everyone, and the Royal Caribbean Group is no exception.

As widely reported, the Omicron variant is significantly more infectious than its predecessors and has already become the dominant form of COVID-19 in the U.S. and elsewhere. Fortunately, Omicron also appears to cause significantly less severe symptoms than earlier variants, especially for people who are vaccinated. Cruising remains one of the few places one can vacation knowing that almost everyone you meet is fully vaccinated.

The recent experience on Royal Caribbean Group ships is consistent with these observations. The numbers indicate an increase in people testing positive without a corresponding increase in people becoming ill. Since cruising restarted in the U.S. in June 2021, the Royal Caribbean Group has carried 1.1 million guests with 1,745 people testing positive – a positivity rate of 0.162%.  Furthermore, the vast majority of those cases had no symptoms or only mild symptoms, with only 41 people needing hospitalization. None of the Omicron cases have been severe or needed to be taken to a hospital. These figures are a result of almost everyone onboard having been vaccinated and having a negative test before boarding.

“Omicron is having a big short-term impact on everyone, but many observers see this as a major step towards COVID-19 becoming endemic rather than epidemic,” said Richard Fain, Chairman & CEO. “We don’t like to see even one case, but our experience is a fraction of the comparable statistics of virtually any other comparable location or industry. Few businesses are subject to such intense scrutiny, regulation, and disclosure requirements by so many authorities, and we welcome that scrutiny because of our commitment to safety. We intend to maintain our goal of delivering the safest vacation on land or sea and will constantly adjust our procedures to accomplish this even in the face of Omicron’s amazing transmissibility.”

Royal Caribbean Group’s Chief Medical Officer Dr. Calvin Johnson emphasizes: “The company is navigating through the ever-evolving information on the Omicron variant.  Our case count has spiked, but the level of severity is significantly milder. We will remain nimble and in constant contact with health authorities. For example, even before Omicron, we have been giving all our crewmembers booster shots as they became eligible.”

Following a very strong Cyber weekend, the company experienced a decline in bookings and increased cancellations for near-term sailings but to a lesser degree than that experienced with the Delta variant. Load factors for sailings in the first half of 2022 remain below historical levels, as expected. However, sailings for the second half of 2022 continue to be booked within historical ranges, at higher prices with and without Future Cruise Credits (FCCs), with strong demand from the critical U.S. market.

The travel industry is experiencing significant disruptions by air transport and other service providers due to the spread of Omicron.  Such disruptions are particularly impactful during the holiday season as the need increases and the labor supply is impacted by the current spike in cases.  Similar issues are impacting the company’s onboard service capabilities.  In addition, the company is experiencing service disruptions at selected destinations and to date has cancelled or significantly modified 16 destination calls out of 331. The company expects these disruptions to continue in the near term and then decline as the world adjusts to the current trends.

Fain concluded, “We are constantly learning and adjusting as Omicron appears to be ushering in a new phase in the fight against COVID-19. We expect these factors to have a negative impact in the short term but are optimistic they will lead us to a more pervasive but less severe health environment. Taken together, this should enable us to produce a strong transitional year in 2022 and a very strong 2023.”

###

About Royal Caribbean Group

Royal Caribbean Group (NYSE: RCL) is one of the leading cruise companies in the world with a global fleet of 60 ships traveling to more than 800 destinations around the world. Royal Caribbean Group is the owner and operator of three award-winning cruise brands: Royal Caribbean InternationalCelebrity Cruises, and Silversea Cruises, and it is also a 50% owner of a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises. Together, the brands have an additional 13 ships on order as of September 30, 2021. Learn more at www.royalcaribbeangroup.com or www.rclinvestor.com.

Cautionary Statement Concerning Forward-Looking Statements

Certain statements in this press release relating to, among other things, our future performance estimates, forecasts and projections constitute forward-looking statements under the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements regarding revenues, costs and financial results for 2021 and beyond. Words such as “anticipate,” “believe,” “could,” “driving,” “estimate,” “expect,” “goal,” “intend,” “may,” “plan,” “project,” “seek,” “should,” “will,” “would,” “considering,” and similar expressions are intended to help identify forward-looking statements. Forward-looking statements reflect management’s current expectations, are based on judgments, are inherently uncertain and are subject to risks, uncertainties and other factors, which could cause our actual results, performance or achievements to differ materially from the future results, performance or achievements expressed or implied in those forward-looking statements. Examples of these risks, uncertainties and other factors include, but are not limited to, the impact of COVID-19 and other contagious illnesses on economic conditions, industries and societies generally, the travel industry and the financial position and operating results of our Company; required or voluntary travel restrictions, including current and potential suspensions of cruises; guest cancellations; the pace and effectiveness of our return to service; our ability to satisfy the Framework for the Conditional Sailing Order issued by the U.S. Centers for Disease Control and Prevention; the impact of state regulation and litigation regarding proof of passenger vaccination; our ability to obtain sufficient financing, capital or revenues to satisfy liquidity needs, capital expenditures, debt repayments and other financing needs; the effectiveness of the actions we have taken to improve and address our liquidity needs; the impact of the economic and geopolitical environment on key aspects of our business, such as the demand for cruises, passenger spending and operating costs; supply chain disruptions; incidents or adverse publicity concerning our ships, port facilities, land destinations and/or passengers or the cruise vacation industry in general; concerns over safety, health and security of guests and crew; the cost and effectiveness of our safety protocols relating to COVID-19; impairments of our goodwill, long-lived assets, equity investments and notes receivable; difficulties sourcing crew, provisions and supplies; the occurrence of COVID-19 and other contagious diseases on our ships and concerns about the risk of illness when traveling to, on or from our ships; unavailability of ports of call; growing anti-tourism sentiments and environmental concerns; changes in U.S. foreign travel policy; uncertainties relating to conducting business internationally and expanding into new markets and new ventures; our ability to recruit, develop and retain high quality personnel; changes in operating and financing costs; the impact of our current and future indebtedness; the impact of foreign currency exchange rates, inflation and interest rate and fuel price fluctuations; labor shortages; the impact of conversions of our convertible notes, if any, in shares of our common stock or a combination of cash and shares of our common stock; our expectation that we will not declare or pay dividends on our common stock for the foreseeable future; vacation industry competition and changes in industry capacity and overcapacity; the risks and costs related to cyber security attacks, data breaches, protecting our systems and maintaining data security and integrity, as well as personal data of our guests, employees and others; the impact of new or changing legislation and regulations or governmental orders on our business; pending or threatened litigation, investigations and enforcement actions; the effects of weather, natural disasters and seasonality on our business; emergency ship repairs, including the related lost revenue; the impact of issues at shipyards, including ship delivery delays, ship cancellations or ship construction cost increases; shipyard unavailability; the unavailability or cost of air service; and uncertainties of a foreign legal system as we are not incorporated in the United States.

In addition, many of these risks and uncertainties are heightened and will continue to be heightened, or in the future may be heightened, by the COVID-19 pandemic. It is not possible to predict or identify all such risks.

More information about factors that could affect our operating results is included under the caption “Risk Factors” and elsewhere in our most recent annual report on Form 10-K and quarterly report on Form 10-Q, as well as our other filings with the SEC, copies of which may be obtained by visiting our Investor Relations website at www.rclinvestor.com or the SEC’s website at www.sec.gov. Undue reliance should not be placed on the forward-looking statements, which are based on information available to us on the date hereof. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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Royal Caribbean Group Announces “Destination Net Zero” — Program to Achieve Net Zero Emissions by 2050

Comprehensive plan includes pledge to pursue Science-Based Targets, the delivery of a net zero emissions cruise ship, and a path to net zero emissions by 2050

MIAMI, Oct. 28, 2021 /PRNewswire-HISPANIC PR WIRE/ – Today Royal Caribbean Group (NYSE: RCL) announced a giant step on its sustainability journey: Destination Net Zero, a comprehensive decarbonization strategy that includes pledging to establish Science-Based Targets (SBT) and achieving net zero emissions by 2050.

Royal Caribbean Group Announces “Destination Net Zero” — Program to Achieve Net Zero Emissions by 2050

“Decades ago, we set out on a course to advance sustainability; our vision now is to realize carbon-free cruising over the next two decades,” said Richard Fain, chairman and CEO, Royal Caribbean Group. “Today we are announcing the most important destination of all in our company’s history – Destination Net Zero – an ambitious strategy to cut emissions, protect our oceans, and ensure the viability of the hundreds of destinations that our guests and crew members care deeply about.”

INTRODUCING DESTINATION NET ZERO

Royal Caribbean Group’s Destination Net Zero builds on decades of progress and a deep sense of responsibility to embed sustainability throughout the organization.

Over 18 to 24 months, the cruise company will develop goals to be validated by the Science Based Targets initiative (SBTi), the first such pledge for the cruise industry. The work will begin following the publication of SBTi’s marine transport methodology. Science-based targets show companies how much, and how quickly, they need to reduce their greenhouse gas (GHG) emissions to help limit global warming.

Along the journey to net zero, key milestones will be critical to making progress. One of the most ambitious milestones includes the delivery of a net zero cruise ship by 2035. To achieve these ambitions, the company will rely on strong partnerships with governments, suppliers and shipyards to develop alternative and accessible fuels and technology.

The company’s focus on achieving these measurable goals builds on its track record of designing and operating some of the most energy efficient ships on the seas. Thanks to optimized hull design and system upgrades such as AC chillers utilizing 30-40% less energy, Royal Caribbean Group has consistently delivered a new generation of ships 20-25% more efficient than their predecessors.

From Silversea Cruises’ ‘Project Evolution’ – the cruise industry’s first hybrid-powered ship set to debut summer 2023 – to the wind farm in Kansas that will offset up to 12% of our scope 1 and 2 emissions per year, Royal Caribbean Group is already executing on its Destination Net Zero strategy to drive the development of emissions-reducing technology and alternative fuel solutions.

“Royal Caribbean Group has a history of innovating in every aspect and level of the company,” said William K. Reilly, chairman, Royal Caribbean Group’s board of directors’ safety, environment, and health committee. “This is another important step on the serious and ambitious path to preserve the health and allure of the sea and the beauty of the oceans.”

Destination Net Zero’s four-pronged approach includes:

  1. Modernization of our global brands fleet through the introduction of 13 new energy-efficient and alternatively fueled vessels, including its recently announced ‘Project Evolution’ — the industry’s first ship to remove all local emissions while at port.
  2. Continued investment in energy efficiency programs for its fleet, including energy saving technologies, enhanced data systems and digitalization.
  3. Development of alternative fuel and alternative power solutions.
  4. Optimized deployment and integration of strategic shore-based supply chains.

THE NEXT CHAPTER OF A 30-YEAR VOYAGE

Royal Caribbean Group’s journey to reducing its environmental footprint began nearly 30 years ago with Save the Waves, an ambitious effort that grew from a recycling program into a company-wide approach to embedding challenging, achievable, measurable sustainability targets into the bedrock of the company’s culture. Over the ensuing three decades, protecting the planet’s finite natural resources evolved organically from a choice to a way of life for the company and its employees.

In 2016, the Group built on this legacy of progress and commitment by embarking on a partnership with World Wildlife Fund (WWF). With the goal of ensuring the long-term health of the oceans and fulfilling a vision of more sustainable cruising, Royal Caribbean Group established ambitious initial 2020 targets to reduce its environmental footprint, support ocean conservation globally and raise awareness among the company’s more than 5 million passengers about the importance of ocean conservation. Earlier this year, it announced it had met or exceeded its 2020 goals, with the exception of a sustainable seafood sourcing target (now expected to be met by 2022) that was impacted by the travel suspension from the pandemic.

“Destination Net Zero will help guide our decision-making in the years to come and builds on Royal Caribbean Group’s continuous improvement mantra,” said Silvia Garrigo, Royal Caribbean Group chief Environmental Social Governance (ESG) Officer. “While we may not have all the answers now, this comprehensive company-wide strategy amplifies our focus on long-term emissions reduction and provides us a roadmap for how to get there.”

“Ensuring the long-term health of our oceans requires collective action to effectively address climate change and limit warming to 1.5C,” said Carter Roberts, president & CEO of WWF. ”Through our partnership, Royal Caribbean Group has been on a journey to improve their overall sustainability. Achieving net zero emissions no later than 2050 will require innovation and collaboration at scale, and WWF looks forward to working together to make progress toward this milestone.”

To learn more about Royal Caribbean Group’s sustainability efforts, visit https://sustainability.rclcorporate.com/.

About Royal Caribbean Group
Royal Caribbean Group (NYSE: RCL) is one of the leading cruise companies in the world with a global fleet of 60 ships traveling to more than 800 destinations around the world. Royal Caribbean Group is the owner and operator of three award-winning cruise brands: Royal Caribbean International, Celebrity Cruises, and Silversea Cruises, and it is also a 50% owner of a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises. Together, the brands have an additional 13 ships on order as of June 30, 2021. Learn more at www.royalcaribbeangroup.com or www.rclinvestor.com.

Forward-Looking Statements
Certain statements in this press release constitute forward-looking statements under the Private Securities Litigation Reform Act of 1995. These statements relate to, among other things, the company’s expectations, estimates, forecasts and projections regarding environmental, social and governance (ESG) initiatives and the company’s ability to achieve its ESG goals. Forward-looking statements reflect management’s current expectations and are subject to risks, uncertainties and other factors that could cause our actual results, performance or achievements to differ materially from the future results, performance or achievements expressed or implied in those forward-looking statements. Factors that could affect our results, performance and achievements include, among others, the cost and availability of alternative fuels and emissions-reducing technologies and solutions and the development and applicability of science-based target methodologies, as well as those factors discussed under the caption “Risk Factors” in our most recent annual report on Form 10-K, as well as our other filings with the SEC, copies of which may be obtained by visiting our Investor Relations website at www.rclinvestor.com or the SEC’s website at www.sec.gov. Undue reliance should not be placed on the forward-looking statements in this release, which are based on information available to us on the date hereof. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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Trio Of Sustainable Power Sources To Drive Royal Caribbean Group’s Next Class Of Ships Into The Future

Silversea Cruises’ ‘Project Evolution’ to be First Cruise Ship to Use Fuel Cells to Provide 100% of Power While at Port

MIAMI, Oct. 22, 2021 /PRNewswire-HISPANIC PR WIRE/ — The cruise industry’s first hybrid powered ship is set to debut summer 2023 as part of Royal Caribbean Group’s (NYSE: RCL) ultra-luxury brand Silversea Cruises. The new class of ships, known as ‘Project Evolution,’ will operate using a trio of power sources including a fuel cell system, battery technology and dual fuel engines using liquefied natural gas (LNG) as the main fuel. This hybrid solution, using fuel cell technology, allows the ship to be free of local emissions while at port — another industry first.

“Silversea’s newest ship class is a significant leap forward in our commitment to sustainable ship design and our journey to reduce our environmental footprint,” said Richard Fain, Chairman and CEO, Royal Caribbean Group. “We first announced our fuel cell ambitions several years ago. Through dedication and perseverance, we are now proud to introduce the first ship with large-scale fuel cell technology capable of achieving emission-free port operations.”

“Incorporating fuel cells into our ships now is one example of how Royal Caribbean Group is preparing to use new technologies as we move to a non-carbon-based future,” Fain continued. “This pioneering approach builds on our spirit of innovation.”

The new hybrid technology not only helps in port, but also allows Project Evolution to achieve a 40% overall reduction in its greenhouse gas emissions per double occupancy when compared to the brand’s previous class of ships. The ship class is also projected to achieve an Energy Efficiency Design Index (EEDI) rating approximately 25% better than applicable International Maritime Organization (IMO) requirements.

“Being at the forefront of sustainable shipping design and innovation is a testament to our team’s drive for continuous improvement,” said Roberto Martinoli, President and CEO, Silversea Cruises. “These advancements support our desire to showcase the world to our guests and to do so in a mindful and environmentally responsible way.”

Royal Caribbean Group is already known for a robust portfolio of technologies enhancing energy efficiency, waste treatment, and water management. This steady progress remains rooted in the company’s mantra of continuous improvement. It will drive The Group’s future as alternative, non-carbon-based solutions become available to support its overall decarbonization journey.

Project Evolution’s full suite of initiatives, developed in partnership with Meyer Werft Shipyard, will bring energy efficiency to a new level and will include both first-of-its-kind initiatives and successful features previously introduced such as:

  • Fuel Cell System – this hydrogen-based technology will supplement the main power supply and carry the ship’s total hotel load — up to four megawatts — the first large-scale fuel-cell installation at sea in the cruise industry.
  • LNG (Liquid Natural Gas) – a cleaner burning fuel, LNG-fueled propulsion systems emit less CO2 and 97% fewer particulates than normal fuel oil used on ships.
  • Battery – a bank of batteries supports optimizing the overall ship power system, saving fuel.
  • Waste to Energy – newly developed Micro Auto Gasification System (MAGS) reduces onboard waste volume, resulting in lower incineration emissions.
  • Progress to Carbon Neutral Construction – in partnership with Meyer Werft Shipyard, Project Evolution is thoughtfully designed and built taking into consideration the carbon footprint of ship construction and creating a path to overall reduction.

For more than 30 years Royal Caribbean Group has invested in its commitment to sustainability. In partnership with World Wildlife Fund (WWF) in 2016, the company set specific, ambitious and measurable 2020 sustainability targets to reduce its environmental footprint, increase sustainable tourism, respect coastal communities and cultural heritage, and support WWF’s global ocean conservation work.

In addition, the company continues to advocate for sustainable practices globally, including collaborating with the United Nation’s High-Level Panel for a Sustainable Ocean Economy and committing to deliver on the promise of the Paris Agreement through partnership with the We Are Still In coalition.

To learn more about Royal Caribbean Group’s sustainability efforts, visit https://sustainability.rclcorporate.com/.

About Royal Caribbean Group

Royal Caribbean Group (NYSE: RCL) is one of the leading cruise companies in the world with a global fleet of 60 ships traveling to more than 800 destinations around the world. Royal Caribbean Group is the owner and operator of three award-winning cruise brands: Royal Caribbean International, Celebrity Cruises, and Silversea Cruises, and it is also a 50% owner of a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises. Together, the brands have an additional 13 ships on order as of June 30, 2021. Learn more at www.royalcaribbeangroup.com or www.rclinvestor.com.

About Silversea Cruises
Part of the Royal Caribbean Group, Silversea Cruises is recognized as an innovator in the ultra-luxury cruise industry, offering guests large-ship amenities aboard its intimate, all-suite vessels: Silver ShadowSilver WhisperSilver SpiritSilver Muse and Silver Moon – all designed to offer an atmosphere of conviviality and casual elegance. With the inclusion of the expedition ships Silver OriginSilver WindSilver Explorer, and Silver Cloud, Silversea’s itineraries encompass all seven continents and feature worldwide luxury cruises to the Mediterranean, the Caribbean, the Galapagos, both Polar Regions, and hundreds of fascinating destinations in between. Silversea is also looking forward to the launch of three new ultra-luxury ships: Silver Dawn and two Evolution-class ships. Browse Silversea’s blog, Discover, and subscribe to receive the latest content directly into your inbox.

Forward-Looking Statements

Certain statements in this press release constitute forward-looking statements under the Private Securities Litigation Reform Act of 1995. These statements relate to, among other things, the company’s expectations, estimates, forecasts and projections regarding environmental, social and governance (ESG) initiatives and the company’s ability to achieve its ESG goals. Forward-looking statements reflect management’s current expectations and are subject to risks, uncertainties and other factors that could cause our actual results, performance or achievements to differ materially from the future results, performance or achievements expressed or implied in those forward-looking statements. Factors that could affect our results include, among others, the cost and availability of alternative fuels and changes in expected ship itineraries, as well as those factors discussed under the caption “Risk Factors” in our most recent annual report on Form 10-K, as well as our other filings with the SEC, copies of which may be obtained by visiting our Investor Relations website at www.rclinvestor.com or the SEC’s website at www.sec.gov. Undue reliance should not be placed on the forward-looking statements in this release, which are based on information available to us on the date hereof. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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Royal Caribbean Group Releases 2020 “Seastainability” Report

MIAMI, Sept. 22, 2021 /PRNewswire-HISPANIC PR WIRE/ — Today Royal Caribbean Group (NYSE: RCL) published its 13th annual sustainability report, providing a comprehensive update on the company’s sustainability efforts. In particular, the 2020 report documents that the company has met or exceeded nearly all of its 2020 sustainability targets.

Royal Caribbean Group Releases 2020 “Seastainability” Report

“We believe that what gets measured gets better. Sustainability is a core area for our business, and this report reflects our successes and challenges over the past year,” said Richard Fain, Chairman and CEO, Royal Caribbean Group. “While I’m proud of the progress we have achieved, the importance of this area has grown exponentially. Consistent with our mantra of continuous improvement, we have significantly expanded our aspirations in this critical area and are setting even more aggressive goals for the coming years.”

The report is organized into four main sections conveying Royal Caribbean Group’s strategic approach to sustainability, from emissions reductions to supporting employees and crew in the wake of the COVID-19 pandemic. This year’s report also includes the latest Materiality Assessment as well as additional disclosures in line with the Sustainability Accounting Standards Board (SASB) reporting metrics.

“We are living in an era of profound and interconnected changes, which call for bold and positive action. Our ESG work and goals are focused on ensuring we play a leadership role in contributing to a healthy and thriving workplace, society and environment,” said Silvia M. Garrigo, Chief Environmental, Social and Governance (ESG) Officer, Royal Caribbean Group.

In 2016, in partnership with World Wildlife Fund (WWF), the company set specific, ambitious and measurable 2020 sustainability targets to reduce its environmental footprint, increase sustainable tourism, respect for coastal communities and cultural heritage, and support WWF’s global ocean conservation work. As of this year, Royal Caribbean Group has met or exceeded all of its 2020 goals, with the exception of the sustainable seafood sourcing target, which was impacted by global suspension of service from the pandemic.

The company is working to develop a new set of targets around the reduction of carbon emissions, the sustainable growth and development of our business, sustainable commodity sourcing and tourism, the elimination of single-use plastics, and waste management.

Highlights from the Report
Throughout the pandemic, Royal Caribbean Group continued to address several key issues important to stakeholders, including:

  • Emissions reduction: Royal Caribbean Group achieved its carbon reduction target of 35% and has committed to further reduce emissions 25% by 2025.
    • Royal Caribbean Group’s wind farm project in Kansas, developed in partnership with Southern Power, began operations and generated approximately 242,000 tons of CO2 offsets. It is expected that the wind farm will offset up to 12% of the company’s global emissions each year.
    • Celebrity Apex joined the fleet with shore power connectivity and with an energy efficiency standard (EEDI) 39% more efficient than the current International Maritime Organization (IMO) requirement.
    • Our next class of ships, Icon-Class, expected to launch in 2023, will use cleaner-burning liquefied natural gas and fuel cell technology, which reduces ship emissions.
  • Sustainable sourcing: The company has a commitment to source 90% of wild-caught seafood and 75% of farmed seafood, served on Royal Caribbean Group ships from certified sustainable sources, afirst for the cruise industry.
    • While the global suspension of service delayed this goal, as cruise operations resume, Royal Caribbean Group remains committed to tracing back to its origin the sustainable seafood served across the company’s fleet.
    • Additionally, the company is constantly working to identify sustainable products, from cage-free eggs to humanely raised pork.
  • Circular economy: The company is working to achieve zero waste across the Royal Caribbean Group fleet.
    • Today, 100% of the company’s fleet is equipped to be landfill-free. Only 0.50 pounds of waste are sent to landfill per passenger each day — 80% less than the U.S. average on shore.
    • Whenever possible, the waste on Royal Caribbean Group ships is reused, recycled or converted to energy.
    • The company has removed 60% of single-use plastics from its supply chain.
  • Water and wastewater: Royal Caribbean Group ships work to ensure fresh water on their ships is used sparingly and efficiently.
    • 90% of fresh water is produced on board its ships in order to not deplete local resources.
    • On average, only 66 gallons of water per person per day are used, compared with the U.S. average of 100 gallons per person.
    • Each ship is equipped with a water treatment plant. Advanced wastewater purification systems are designed to be twice as stringent as U.S. federal standards, with a company policy of no untreated waste released into the ocean.

To view Royal Caribbean Group’s 2020 sustainability report and learn more about the company’s efforts, click here.

About Royal Caribbean Group
Royal Caribbean Group (NYSE: RCL) is one of the leading cruise companies in the world with a global fleet of 60 ships traveling to more than 800 destinations around the world. Royal Caribbean Group is the owner and operator of three award-winning cruise brands: Royal Caribbean InternationalCelebrity Cruises, and Silversea Cruises, and it is also a 50% owner of a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises. Together, the brands have an additional 13 ships on order as of June 30, 2021. Learn more at www.royalcaribbeangroup.com or www.rclinvestor.com.

Forward-Looking Statements
Certain statements in this press release constitute forward-looking statements under the Private Securities Litigation Reform Act of 1995. These statements relate to, among other things, the company’s expectations, estimates, forecasts and projections regarding environmental, social and governance (ESG) initiatives and the company’s ability to achieve its ESG goals. Forward-looking statements reflect management’s current expectations and are subject to risks, uncertainties and other factors that could cause our actual results, performance or achievements to differ materially from the future results, performance or achievements expressed or implied in those forward-looking statements. Factors that could affect our results include, among others, those discussed under the caption “Risk Factors” in our most recent annual report on Form 10-K, as well as our other filings with the SEC, copies of which may be obtained by visiting our Investor Relations website at www.rclinvestor.com or the SEC’s website at www.sec.gov. Undue reliance should not be placed on the forward-looking statements in this release, which are based on information available to us on the date hereof. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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Royal Caribbean Group names Silvia Garrigo Chief Environmental, Social and Governance Officer

A further demonstration of the company’s commitment to ESG

MIAMI, June 24, 2021 /PRNewswire-HISPANIC PR WIRE/ – Royal Caribbean Group (NYSE: RCL) announced today that Silvia Garrigo will join the company June 28 as Senior Vice President and Chief Environmental, Social and Governance (ESG) Officer, reporting to Chairman and CEO Richard Fain.

Silvia Garrigo, Senior Vice President and Chief Environmental, Social and Governance (ESG) Officer

“I am thrilled to have Silvia join to help us continue our leadership and commitment to ESG,” said Fain. ”Silvia has advised several companies on purpose-driven and practical ESG strategies and programs, and she understands the interplay of legal, geo-political, social and environmental issues in a global business context. Bringing her to Royal Caribbean Group affirms our commitment to going above and beyond for the health and success of our planet and our people.”

Royal Caribbean Group is the first in the cruise industry to name a senior leader dedicated specifically to these efforts, demonstrating Royal Caribbean Group’s “pioneering spirit and leadership in the cruise industry and how we hold ourselves to a higher standard,” according to Fain.

Garrigo will be responsible for overseeing a companywide ESG framework and a long-term strategy for Royal Caribbean Group to support the company’s core business objectives as well as for developing strategic partnerships and relationships with stakeholders. In partnership with the leadership team, she will also lead the integration of environmental and social issues into the company’s governance and enterprise risk management.

“I share Richard’s and the executive committee’s values and vision of continuous improvement and am honored to be part of a company culture that has demonstrated resilience and determination to come back stronger,” Garrigo said. “We are facing increasing expectations for ESG performance and reporting, and I am excited to join a team that already has a very strong record of ESG work and a longstanding commitment to making a positive difference.”

With experience providing legal and sustainability counsel to senior executives of global publicly held companies, Garrigo joins the Royal Caribbean Group from Millicom International, where she was responsible for developing and executing Millicom’s global environmental, social and governance, and social investment strategy. Prior to that, Garrigo was senior legal and sustainability counsel for Morrison Foerster and Cuba Strategies Inc. And for more than a decade, she held various executive and senior legal positions at Chevron Corp., where she guided the company on corporate responsibility policies and practices as well as shareholder engagement on ESG issues.

Garrigo serves on the Advisory Board of the University of California Berkeley Boalt Law School’s Business and Society Institute; the University of Miami Business School’s Advisory Board; the American Bar Association’s Human Rights Working Group; and the United Nations’ Global Compact, Human Rights Working Group. She earned a Juris Doctor from the University of Miami School of Law and a Bachelor of Arts in Psychology from Boston College.

About Royal Caribbean Group
Royal Caribbean Group is the operating business name for Royal Caribbean Cruises Ltd. Royal Caribbean Group is the owner and operator of three global cruise vacation brands: Royal Caribbean InternationalCelebrity Cruises, and Silversea Cruises.  Royal Caribbean Group is also a 50% owner of a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises. Together, the brands operate 59 ships with an additional 15 on order as of March 15, 2021.  Learn more at www.royalcaribbeangroup.com or www.rclinvestor.com.

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Adventure Is Back: Royal Caribbean Makes Long-awaited Return To The Caribbean

Adventure of the Seas Sails from The Bahamas with Fully Vaccinated Crew and Guests

MIAMI, June 13, 2021 /PRNewswire-HISPANIC PR WIRE/ – A milestone more than 15 months in the making: Royal Caribbean International and the communities of the Caribbean are celebrating the cruise line’s highly anticipated return to the region as Adventure of the Seas prepares to set sail from Nassau, The Bahamas yesterday. The first of Royal Caribbean’s ships to resume cruising in the Western Hemisphere, Adventure welcomed more than 1,000 vacationers on its opening cruise. The ship set sail with fully vaccinated crew and fully vaccinated guests 16 years of age or older, who make up 94% of all guests on board while the remaining 6% are children younger than 16. The ship now begins a summer lineup of 7-night sailings to Perfect Day at CocoCay, Royal Caribbean’s game-changing private island destination in The Bahamas; Grand Bahama Island, The Bahamas; and Cozumel, Mexico.

Royal Caribbean International’s Adventure of the Seas set sail from Nassau, The Bahamas on Saturday, June 12, marking the cruise line’s highly anticipated return to the Caribbean. Adventure will sail a summer full of 7-night cruises from Nassau to Perfect Day at CocoCay, Royal Caribbean’s top-rated private island destination, Grand Bahama, The Bahamas and Cozumel, Mexico.

“The return of Adventure of the Seas marks a start in the tremendous step forward our guests have been waiting for and we’ve been working toward for more than 15 months. This is all possible thanks to the government of The Bahamas, the support of our partners and the hard work of our teams across Royal Caribbean,” said Michael Bayley, president and CEO, Royal Caribbean International. “We are excited to welcome back our guests and crew, and help our Caribbean family regain the benefits of tourism their communities depend on. This is just the beginning, as we get ready to set sail from the U.S. for the first time on July 2.”

Hot on the heels of the cruise line’s return to the Caribbean, 11 Royal Caribbean ships are set to cruise from the U.S. and Europe once again, beginning in July and August. The complete lineup of Royal Caribbean’s 2021 cruises is available here.

Healthy and Safety Measures for Adventure of the Seas Bahamas Cruises

Vacationers sailing on Adventure can cruise with peace of mind, knowing that all crew members and guests are tested and fully vaccinated against COVID-19. Travelers 16 years of age or older must be fully vaccinated, and as of Aug. 1, guests age 12 or older. Vacationers younger than the eligible age must undergo testing and follow other protocols. The vaccine requirement is one of the many layers of measures that safeguard the well-being of our guests and crew as well as the communities we visit. These additional health and safety protocols include our fully vaccinated crew, testing, the robust onboard ventilation system, enhanced cleaning and sanitization. A full list of the travel requirements for summer cruises from The Bahamas on Adventure are available here.

Royal Caribbean will continue to evaluate and update its measures as circumstances evolve and in compliance with various government and health authorities. With cruises sailing to and from different destinations that have different sets of laws and guidelines, protocols will vary accordingly.

About Royal Caribbean International

Royal Caribbean International has been delivering innovation at sea for more than 50 years. Each successive class of ships is an architectural marvel featuring the latest technology and guest experiences for today’s adventurous traveler. The cruise line continues to revolutionize vacations with itineraries to more than 270 destinations in 72 countries on six continents, including Royal Caribbean’s private island destination in The Bahamas, Perfect Day at CocoCay, the first in the Perfect Day Island Collection. Royal Caribbean has also been voted “Best Cruise Line Overall” for 18 consecutive years in the Travel Weekly Readers’ Choice Awards.

Media can stay up to date by following @RoyalCaribPR on Twitter and visiting RoyalCaribbeanPressCenter.com. For additional information or to make reservations, vacationers can call their travel advisor; visit RoyalCaribbean.com; or call (800) ROYAL-CARIBBEAN.

Royal Caribbean International is applying the recommendations of its Healthy Sail Panel of public health and scientific experts to provide a safer and healthier cruise vacation on all of its sailings. Health and safety protocols, regional travel restrictions and clearance to visit ports of call, are subject to change based on ongoing evaluation, public health standards, and government requirements. U.S. cruises and guests: For more information on the latest health and travel alerts, U.S. government travel advisories, please visit www.royalcaribbean.com/cruise-ships/itinerary-updates or consult travel advisories, warnings or recommendations relating to cruise travel on applicable government websites.

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Beyond Expectations: Celebrity Cruises’ Newest Ship, Celebrity Beyond, Defies Imagination, Wonder And Luxury

- Globally renowned designers Kelly Hoppen CBE, Nate Berkus and Jouin Manku collaborate with top architect Tom Wright to redefine the new luxury travel experience

World-Famous Chef Daniel Boulud launches first restaurant at sea

goop CEO and Founder Gwyneth Paltrow to serve as Well-Being Advisor

MIAMI, April 28, 2021 /PRNewswire-HISPANIC PR WIRE/ – Today, Celebrity Cruises President and CEO Lisa Lutoff-Perlo unveiled the company’s third ship in the company’s industry-transforming “new luxury” Edge Series® – Celebrity BeyondSM. Designed to give guests endless opportunities to disconnect from the world — while simultaneously reconnecting with the world that surrounds them – Celebrity Beyond goes further than imagined possible for a cruise ship, creating a new world of wonder and luxury.

Inspired by a vision to take the cruise industry into the next era of luxury, Lutoff-Perlo assembled a dream team of modern lifestyle icons to bring to life extraordinary experiences that allow guests to connect with each other, the sea, and their journey. Celebrity Beyond showcases the design talents of multi-award-winning British designer Kelly Hoppen CBE; celebrated American designer Nate Berkus; and lauded Paris-based design firm Jouin Manku; the innovation of British architect Tom Wright; and the culinary gifts of Michelin-starred chef and restaurateur Daniel Boulud. The ship will also feature experiences and products from goop CEO and founder Gwyneth Paltrow, the brand’s new Well-Being Advisor.

Redefining luxury again, Celebrity Beyond builds on the features and design of its award-winning predecessors Celebrity Edge (2018) and Celebrity Apex(2020) by creating innovative spaces that set the brand apart from others in the industry. Every element of Celebrity Beyond’s look and feel has been carefully curated with re-imagined spaces and more luxurious versions of the brand’s most popular signature spaces, including:

  • The Retreat®, an exclusive resort-within-a-resort area for suite guests, highlighted by a new two-story sundeck;
  • Transformed accommodations from modern two-story villas with private plunge pools to staterooms with infinite verandas, blurring the boundaries between indoor and outdoor living;
  • An expanded Rooftop Garden and stunning Resort Deck featuring unique cantilevered float pools;
  • A multi-level, multi-terraced Sunset Bar redefining the ship’s aft;
  • A first-ever Daniel Boulud fine-dining restaurant at sea;
  • A boldly redesigned Grand Plaza spanning three decks, creating an airy and open indoor space;
  • And, the return of the Magic Carpet®, an engineering feat soaring cantilevered above the sea, offering guests uninterrupted vistas while sipping cocktails or having dinner.

“Celebrity Cruises has always been an innovator at sea, and now we have challenged the status quo with a vessel that goes beyond expectations, beyond imagination,” said Lutoff-Perlo. “Celebrity Beyond shatters any and every preconceived notion of the cruising experience. This exquisite ship offers a journey at the intersection of elegance and approachability filled with what’s important to our guests today: forward-thinking design, culinary excellence, unparalleled well-being and incomparable service.”

“With Celebrity Beyond, we saw an opportunity to take the extraordinary features of Celebrity Edge – like the focus on the connection with the ocean and the grand spaces – and really amplify them,” said Richard Fain, Chairman of Royal Caribbean Group, parent company of Celebrity Cruises. “We focused on providing more openness, height and spaciousness throughout the ship’s most popular spaces. The end result is a next generation ship that embodies the intersection of architecture and design.”

The Retreat: A Resort In and of Itself

One of the most sought-after interior designers in the world, Kelly Hoppen CBE, has reimagined aspects of the design for The Retreat, the unrivaled and exclusive resort space for suite guests, including all new suites, and brought her globally renowned style to outdoor venues such as the Rooftop Garden and the main pool area on the Resort Deck.

The new, two-story Retreat Sundeck will offer more unadulterated outdoor bliss and ways to rejuvenate in the fresh ocean air with secluded cabanas, chic new seating areas, additional water features and the exclusive Retreat Bar. The warm and inviting Retreat Lounge is a newly stylish space to unwind; while Hoppen’s new take on the adjacent private restaurant Luminae, now at the front of the ship, becomes a space where every corner provides a new experience with each visit, in keeping with the daily changing menu.

An array of contemporary suite accommodations featuring fresh color palettes and design details by Hoppen await guests of The Retreat, including the redesigned two-story Edge Villas with outdoor plunge pools, and Celebrity’s famous Iconic Suites, the largest in the fleet, offering better views than the captain’s quarters.

Connecting Two Worlds

Nowhere is more rejuvenating than the open sea, and Celebrity Beyond ensures guests are able to take full advantage of both the luxurious design of the ship while soaking in the world around them.

Perhaps best known for designing the world-famous Burj Al Arab Hotel, lead architect Tom Wright of WKK has expanded the exterior spaces on Celebrity Beyond, transforming them into serene outward-facing sanctuaries leveraging endless ocean vistas and breath-taking panoramas of the extraordinary places the ship will visit. His design both lengthens the ship by 20 meters and raises the ship to 17 decks tall, allowing for the reimagination of The Retreat, the Resort Deck, and the Rooftop Garden – outdoor spaces increasingly important to today’s traveler.

The main open deck, 40 percent larger than on previous Edge Series ships, features an enormous living Rooftop Garden designed by Hoppen and includes increased seating offering new private nooks and more spaces for movie watching, enjoying live music and outdoor dining at the expanded Rooftop Grill. A highlight of this area is Wright’s incorporation of two spectacular floating pools cantilevered six and a half feet over the side of the ship, taking guests beyond the water’s edge.

On the Resort Deck, guests will enjoy a stunning asymmetrical space with a 25-yard lap pool surrounded by a terraced pool deck and new sunken seating areas designed by Hoppen.

Wright also designed the signature Edge SeriesMagic Carpet, a tennis-court sized cantilevered platform that scales the side of the ship and transforms from open-air lounge or restaurant hovering above the ocean along higher decks to a tender platform for going ashore on lower decks.  Featured on Celebrity Beyond, it debuted on Celebrity Edge in 2018 and is still considered one of the most unique design innovations ever for a cruise ship.

Celebrity Cruises’ Edge Series Design Ambassador Nate Berkus stepped into the role of designer himself, to imagine one of the most anticipated venues on Celebrity Beyond – the Sunset Bar. Inside this space that is nearly twice as large as previous iterations, Berkus has created a chic, Moroccan-inspired escape that is reminiscent of a modern-day Casablanca.

Guests will enter through a pergola-covered entrance to enjoy one of the hottest spots at sea. With more conversation niches and covered enclaves to allow guests to connect in a more intimate way, the Sunset Bar’s cascading terraces will combine to provide the perfect place to soak in spectacular views and create unforgettable memories.

Luxury in Every Detail

The core of Celebrity Beyond’s vision of luxury is the Grand Plaza, a transformational place at the center of the ship designed by Jouin Manku — the team responsible for designing the Jules Verne restaurant in the Eiffel Tower — and offering a different experience with every visit. Inspired by the piazzas of Italy that serve as life centers of towns where architecture and social connection become one, the Grand Plaza spans three decks at the heart of the ship, boldly declaring it is the place to see and be seen.

Larger than Grand Plazas on its sister Edge Series ships, the CelebrityBeyond Grand Plaza has an airier atmosphere with more room for intimate seating. The added space allowed designers to move the Martini Bar into the center of the venue as a full, circular bar.

Hanging proudly above the new Martini Bar, the Grand Plaza’s iconic chandelier boasts a new, organic shape with hundreds of individual LED lights that cast an inviting glow at all hours—taking center stage with talented bartenders at night during their exciting and theatrical Flash Flair Fusion performance.

Connected to the Grand Plaza is the top table of culinary excellence at sea, the new, intimate 50-seat restaurant by world-renowned chef Daniel Boulud. Aptly named Le Voyage, travel is the inspiration for the globally inspired flavors within, designed to transport guests to the very places that inspire the Michelin-rated chef. Complementing the menu, world-class sommeliers will pair the perfect wine with every dish from Celebrity Cruises’ “most awarded” wine collection at sea.

Complementing Chef Boulud’s world-class menu is the restaurant’s ambiance, which is also the result of Jouin Manku’s creative talents. Intimate seating cocoons are surrounded by luminous portals highlighting the themes of journey and travel, while graphically lit “glass flutes” provide layers of light and texture to create an enchanting experience.

Providing a sense of occasion and flow, the Le Voyage experience begins with a dedicated entrance and concludes with a customized sweet prepared in Daniel’s own farewell boutique as guests are wished ‘au revoir.’

Rethinking Wellness at Sea

Luxury didn’t stop at the architectural design and culinary experience, but extended into how Celebrity Cruises thought of wellness on Celebrity Beyond. New to the ship are AquaClass SkySuites, an immersive living experience that helps guests find their center. From floor-to-ceiling ocean views, private verandas, luxurious bedding and other wellness amenities, Celebrity Beyond has thought of everything to nourish its guests’ mind, body, and spirit on vacation.

Celebrity Beyond also sets sail with a new partnership with actress and entrepreneur Gwyneth Paltrow, serving as the line’s new Well-being Advisor. All Aqua Class guests across the entire Celebrity Cruises fleet (excluding Galapagos sailings) will be treated to onboard wellness offerings, including fitness kits from Paltrow’s modern lifestyle brand goop, aimed at enhancing self-care and collective well-being. Paltrow and her team at goop will also curate onboard wellness programming and participate in the line’s new Women in Wellness initiative.

Welcome Beyond

Celebrity Beyond will depart on her maiden voyage on April 27, 2022 from Southampton, England, on a 10-night Western Europe cruise visiting Bordeaux, France; Lisbon, Portugal; and Seville, Malaga, Palma de Mallorca and Barcelona, Spain. She will then offer a variety of Mediterranean journeys including nine-night Italian Riviera and France itineraries and 10-night Greek Isles itineraries through early October, when she then heads to the Caribbean. Voyages are on sale as of April 28, 2021 at 3p.m. ET. For more information on all of Celebrity Beyond’s inaugural 2022-2023 sailings, visit https://www.celebritycruises.com/cruise-ships/celebrity-beyond.

Like her industry-changing sister ships, Celebrity Edge and Celebrity Apex, the former of which was named one of TIME Magazine’s “World’s Greatest Places” following her 2018 debut season, Celebrity Beyond will connect guests to the breath-taking world around them like never before. Celebrity Cruises’ onboard and onshore experiences stand it apart as a new luxury travel brand without comparison. For more information on all Celebrity Cruises’ offerings and to book the vacation of a lifetime, visit www.celebritycruises.com.

About Celebrity Cruises
Celebrity Cruises’ iconic “X” is the mark of a fleet of 14 award-winning ships redefining luxury cruise travel with cool, contemporary design and accommodation; dining, spa and entertainment experiences for modern tastes; and culturally rich and diverse destination experiences, all complemented by warm, personalized service. Celebrity has pioneered many industry firsts at sea, including: the first use of solar panels on a cruise ship; the first to eliminate use of plastic water bottles; the first American female Captain of a cruise ship; the first-ever all-female bridge and officer team sailing; the first West African woman to work on the bridge of a cruise ship; and one of the first legal same-sex weddings performed at sea. Driven by wanderlust and a passion for opening the world, Celebrity journeys to all seven continents, visiting nearly 300 destinations in more than 70 countries. Celebrity Cruises is one of five cruise brands operated by global cruise company Royal Caribbean Group. (NYSE: RCL).

Celebrity Cruises is applying the recommendations of the Healthy Sail Panel of public health and scientific experts to provide a safer and healthier cruise vacation on all of its sailings. Health and safety protocols, regional travel restrictions and clearance to visit ports of call, are subject to change based on ongoing evaluation, public health standards, and government requirements. U.S. cruises and guests: For more information on the latest health and travel alerts, U.S. government travel advisories, please visit https://www.celebritycruises.com/travel-alert or consult travel advisories, warnings or recommendations relating to cruise travel on applicable government websites.

Designer Quotes

“There is something about being at sea and looking for the destination that is coming up that is really quite special and is the reason I sail. The design of the ship is what provides that window to the world – the vantage point. More space on Beyond created a bigger ‘window’ and enabled us to add elements that I had always dreamed of for Celebrity’s Edge Series like the float pools hanging off the ship. It all adds to the perspective that will be unmatched in the travel experience it offers.”  — Tom Wright, lead architect, WKK

“All of these spaces are so integral to the ship and people’s experience. For me, the design project became all about this idea that every day someone’s going to feel different and want to do something different but always want the ultimate holiday. So, there’s music, drinks and places to come together but also cocoons and places of solitude. The beauty of this ship is that there is so much opportunity to be who you want to be.” — Kelly Hoppen CBE, designer

“When a good designer thinks about how something should look, they’re thinking about how people should feel. I took inspiration from some of my favorite places in the world – the best parts of Mexico, the best parts of Greece, the best parts of Uruguay with the best parts of California. I wanted this space to represent aspiration. I wanted it to represent relaxation, in an upmarket way.” — Nate Berkus, designer

“Le Voyage will be a culinary journey like no other and will reflect the flavors of the destinations the ship will visit. The menu will be grounded in the DNA of my French roots, but, at the same time, it’s going to be very adventurous. My goal is to create a wonderfully comfortable environment where the food is center stage. I want this to be the most special restaurant at sea.” — Daniel Boulud, chef

“Guests really gravitated to this area [the Grand Plaza] on Celebrity Edge, making it the most popular gathering spot on the ship. So, we expanded the area and then took a lot of inspiration from modern opera halls for the design – opening it up, giving it a loftier, airier atmosphere. The added space not only lends itself to more guest interaction but also allows for more intimate seating areas for guests to escape to.” — Sanjit Manku, co-founder, Jouin Manku

“At goop, our curiosity leads us to explore different approaches to well-being and sends us around the world, reporting on the best places to eat, drink, engage, and unwind. Near the nexus of these interests, we came across Celebrity’s mission to disrupt the traditional notion of being well-traveled. As Celebrity’s new well-being advisor, I’ll be working with my team at goop to bring onboard some of our favorite practices and tools for deepening well-being and joy.” — Gwyneth Paltrow, CEO and founder of goop

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Summer 2021 Heats Up With New Royal Caribbean Cruises From Bermuda

New 7-night Cruises Feature Perfect Day at CocoCay and an Overnight in Bermuda

MIAMI, March 23, 2021 /PRNewswire-HISPANIC PR WIRE/ — Vacationers looking to soak up the sun and walk the pink sand beaches of Bermuda and the white sandy beaches of The Bahamas this summer need look no further than Vision of the Seas. Beginning June and through August, Royal Caribbean International will bring more adventure to the tropics with a series of new 7-night cruises from first-time homeport Bermuda. In store for guests who sail on Vision is an overnight to explore Bermuda’s culture, history and cuisine as well as a full day at Perfect Day at CocoCay, Royal Caribbean’s top-rated private island destination in The Bahamas.

The new 2021 summer itineraries from Bermuda will open for bookings on Monday, March 29 and depart as soon as June 26. Sailing with vaccinated crew, the cruises – at this time – will be available to adult guests who are fully vaccinated against COVID-19 and those under the age of 18 with negative test results. This current health and safety measure, like others, may evolve as they are evaluated on an ongoing basis.

“We are thankful to the government and people of Bermuda for welcoming us to their beautiful island nation with open arms as Vision of the Seas’ new homeport. This is another step in our safe and measured return to sailing beginning in June,” said Michael Bayley, president and CEO, Royal Caribbean International. “Travelers are eager to venture out gradually and start cruising again. By adding a second unique option to sail the Caribbean from a destination as rich and vibrant as Bermuda, we’re offering guests choice in how they can enjoy their well-deserved vacations this summer.”

The pink sand beaches and charming, colorful homes of Bermuda will be where vacationers can start and end their 7-night cruise in paradise, a destination that is also a prime spot for travelers to extend their time ashore, before or after the cruise, by staying at one of the island’s world-class hotels and resorts. While Vision is docked at the Royal Naval Dockyard, guests can enjoy quality time exploring the island nation’s culture and natural beauty throughout an overnight stay.

Plus, guests of all ages will have the chance to add to the excitement with a visit to Royal Caribbean’s Perfect Day at CocoCay. The private island destination is home to a lineup of first-of-their-kind thrills and one-of-a-kind ways to chill, ranging from 13 jaw-dropping waterslides at Thrill Waterpark, including the tallest waterslide in North America – Daredevil’s Peak; Oasis Lagoon, the largest freshwater pool in the Caribbean; Up, Up & Away, the helium balloon that floats up to 450 feet in the air; and the first floating cabanas in The Bahamas at Coco Beach Club.

“Bermuda has safely and responsibly managed the reopening of its tourism economy by air, and we will meet the challenge of doing the same for the cruise industry. We look forward to homeporting Royal Caribbean’s Vision of the Seas this June as part of the island’s strategic tourism recovery planning which, as always, is guided by science,” said Premier the Hon. E. David Burt, JP, MP, Bermuda.

Vacationers can rest assured their well-being and that of the crew members and communities visited are Royal Caribbean’s top priorities. Details on the health and safety measures to be implemented will be announced at a later date. The comprehensive, multilayered health and safety measures to come will continue to be led by science and leverage expert guidance from the Healthy Sail Panel, Royal Caribbean Group’s Head of Public Health and Chief Medical Officer, and local government and health authorities.

In addition, travelers must meet the travel requirements of Bermuda. This currently includes receiving a negative PCR test result before traveling, testing upon arrival into the country and filling out appropriate entry forms. The most up-to-date policies can be found on Bermuda’s website.

“We look forward to welcoming Royal Caribbean passengers back to our shores and the opportunity for pre- and post-cruise stays in Bermuda. I am very excited that Bermuda will commence safe cruising this summer with our partner Royal Caribbean for their homeporting initiative from Bermuda to their private island Perfect Day at CocoCay,” said The Hon. W. Lawrence Scott, JP, MP, Minister of Transport, Bermuda.

Royal Caribbean’s 7-night sailings from Bermuda continue the cruise line’s measured and safe return to cruising the world once again, following months of successful cruises in Singapore with more than 50,000 guests to date who have now sailed aboard Quantum of the Seas, and the recent announcements of plans for the highly anticipated Odyssey of the Seas to cruise from Haifa, Israel and cruises from The Bahamas with Adventure of the Seas. For more information on Vision’s new summer cruises, click here.

About Royal Caribbean International

Royal Caribbean International has been delivering innovation at sea for more than 50 years. Each successive class of ships is an architectural marvel featuring the latest technology and guest experiences for today’s adventurous traveler. The cruise line continues to revolutionize vacations with itineraries to more than 270 destinations in 72 countries on six continents, including Royal Caribbean’s private island destination in The Bahamas, Perfect Day at CocoCay, the first in the Perfect Day Island Collection. Royal Caribbean has also been voted “Best Cruise Line Overall” for 18 consecutive years in the Travel Weekly Readers’ Choice Awards.

Media can stay up to date by following @RoyalCaribPR on Twitter and visiting RoyalCaribbeanPressCenter.com. For additional information or to make reservations, vacationers can call their travel advisor; visit RoyalCaribbean.com; or call (800) ROYAL-CARIBBEAN.

Royal Caribbean International is applying the recommendations of its Healthy Sail Panel of public health and scientific experts to provide a safer and healthier cruise vacation on all of its sailings. Health and safety protocols, regional travel restrictions and clearance to visit ports of call, are subject to change based on ongoing evaluation, public health standards, and government requirements. U.S. cruises and guests: For more information on the latest health and travel alerts, U.S. government travel advisories, please visit www.royalcaribbean.com/cruise-ships/itinerary-updates or consult travel advisories, warnings or recommendations relating to cruise travel on applicable government websites.

March 2021 – Royal Caribbean’s Vision of the Seas is set to return to the Caribbean in June 2021. Vision’s 7-night cruises from Bermuda offer travelers a full day and overnight in Bermuda and a visit to Perfect Day at CocoCay as well as a variety of onboard dining options, including Izumi and signature steakhouse Chops Grille, entertainment, and activities such as the deck-defying rock-climbing wall and movie nights under the stars – courtesy of the outdoor movie screen.

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Royal Caribbean Marks 2021 Return To Caribbean With Cruises From The Bahamas

Cruise Line to Offer New 7-night Itineraries from Nassau, The Bahamas, Starting in June

MIAMI, March 19, 2021 /PRNewswire-HISPANIC PR WIRE/ – This summer, travelers can trade in virtual travel experiences for their long-awaited vacations and cruise in The Bahamas and Mexico with Royal Caribbean International. The global cruise line has announced a summer lineup of 7-night cruises on board Adventure of the Seas, setting sail this June from new homeport Nassau, The Bahamas. Vacationers now have the chance to island-hop and relish the adventures they have missed, including the first series of two back-to-back days on Perfect Day at CocoCay, Royal Caribbean’s game-changing private island destination in The Bahamas, and quality time exploring Grand Bahama Island, The Bahamas and Cozumel, Mexico.

Travelers looking ahead to their summer vacations can book their roundtrip cruise as soon as Wednesday, March 24 and set sail starting June 12. The new itineraries departing through August, which will sail with vaccinated crew, will be available to adult guests who are fully vaccinated against COVID-19 and those under the age of 18 with negative test results.

“We are excited to get back to delivering memorable vacations in the Caribbean, gradually and safely. The vaccines are clearly a game changer for all of us, and with the number of vaccinations and their impact growing rapidly, we believe starting with cruises for vaccinated adult guests and crew is the right choice. As we move forward, we expect this requirement and other measures will inevitably evolve over time,” said Michael Bayley, president and CEO, Royal Caribbean International. “The opportunity to homeport in The Bahamas is a testament to the tremendous partners the government and the people of the island nation have been to us for more than 50 years. We are grateful for the confidence that they have in us and our commitment to a healthy and happy return to sailing.”

Itinerary Highlights

The sun-soaked shores of Perfect Day at CocoCay, Grand Bahama Island and Cozumel beckon.

  • Royal Caribbean’s limited summer series with Adventure offers guests the unique opportunity to spend two consecutive days on Perfect Day at CocoCay, where all staff will be fully vaccinated. With double the time to enjoy the island’s ultimate combination of thrills and ways to chill, by day, travelers can hit the tallest waterslide in North America among Thrill Waterpark’s 13 jaw-dropping waterslides; Up, Up & Away, the helium balloon that floats up to 450 feet in the air; and the first floating cabanas in The Bahamas at Coco Beach Club. And as the sun sets, they can unwind with a cocktail in hand on Chill Island’s tranquil beaches or at the largest freshwater pool in the Caribbean, Oasis Lagoon.
  • On the agenda at Grand Bahama Island and Cozumel are turquoise blue waters, island vibes, and the options to safely explore each destination’s culture, history, cuisine and natural beauty on selected Royal Caribbean shore excursions.

“As we anticipate a promising return to a vibrant tourism industry, news that the cruise industry is going to begin homeporting in The Bahamas is exciting. Hundreds of thousands, perhaps millions, of passengers will experience Nassau or Grand Bahama in ways they never had the opportunity to before,” said the Most Hon. Dr. Hubert A. Minnis, Prime Minister of The Bahamas. “I am especially pleased that Royal Caribbean, with whom we have had a long and mutually beneficial relationship for more than 50 years, selected The Bahamas as a homeport when sailing resumes. This is truly a new day for tourism. It should inspire many small- to medium-sized businesses, tour operators, taxi drivers, restaurants and retailers to prepare for brighter days ahead, the best we have ever had.”

Experiences in Store on Adventure of the Seas

Adventure , primed for the memory-making Royal Caribbean is known for, offers guests a host of experiences for smooth sailing from one island to the next. From The Perfect Storm, dual-racer waterslides Cyclone and Typhoon, and the signature FlowRider surf simulator, to kids aqua park Splashaway Bay, thrills of all kinds are on deck.

Add to that the variety of entertainment and dining venues, such as Izumi, known for its menu of fresh sushi and sashimi; the cruise line’s popular steakhouse, Chops Grille; and Latin-inspired lounge Boleros, there are adventures for all ages and every member of the family on board.

“Royal Caribbean has long been a valued partner to The Bahamas, and we are thrilled to work with them on making Nassau their newest homeport,” said Minister of Tourism & Aviation, the Honorable Dionisio D’Aguilar. “Cruising is a vital part of The Bahamas’ economy and having Royal Caribbean and their guests return to our shores will contribute greatly to restoring and reactivating tourism. We have been preparing diligently for the last many months to ensure an experience that is equally safe and enjoyable. We are confident that cruise goers will receive the warm, friendly hospitality The Bahamas is famous for. We cannot wait to remind guests that it is still Better in The Bahamas.”

Vacationers can rest assured their well-being and that of the crew members and communities visited are Royal Caribbean’s top priorities. Details on additional health and safety measures to be implemented by Royal Caribbean will be announced at a later date. The cruise line’s comprehensive, multilayered health and safety measures to come leverage expert guidance from the Healthy Sail Panel, Royal Caribbean Group’s Head of Public Health and Chief Medical Officer and local government and health authorities.

In addition, vacationers must meet the travel requirements of The Bahamas. This may include receiving a negative PCR test result before their arrival, testing upon arrival into the country and filling out appropriate entry forms. The most up-to-date policies can be found at The Bahamas website.

Royal Caribbean’s new 7-night summer itineraries continue the cruise line’s measured and safe return to cruising the world once again, following months of successful sailings with Quantum of the Seas in Singapore and the recent announcement of the highly anticipated Odyssey of the Seas to cruise from Haifa, Israel. For more information on Adventure’s limited series of summer cruises, click here.

About Royal Caribbean International

Royal Caribbean International has been delivering innovation at sea for more than 50 years. Each successive class of ships is an architectural marvel featuring the latest technology and guest experiences for today’s adventurous traveler. The cruise line continues to revolutionize vacations with itineraries to more than 270 destinations in 72 countries on six continents, including Royal Caribbean’s private island destination in The Bahamas, Perfect Day at CocoCay, the first in the Perfect Day Island Collection. Royal Caribbean has also been voted “Best Cruise Line Overall” for 18 consecutive years in the Travel Weekly Readers’ Choice Awards.

Media can stay up to date by following @RoyalCaribPR on Twitter and visiting RoyalCaribbeanPressCenter.com. For additional information or to make reservations, vacationers can call their travel advisor; visit RoyalCaribbean.com; or call (800) ROYAL-CARIBBEAN.

Royal Caribbean International is applying the recommendations of its Healthy Sail Panel of public health and scientific experts to provide a safer and healthier cruise vacation on all of its sailings. Health and safety protocols, regional travel restrictions and clearance to visit ports of call, are subject to change based on ongoing evaluation, public health standards, and government requirements. U.S. cruises and guests: For more information on the latest health and travel alerts, U.S. government travel advisories, please visit www.royalcaribbean.com/cruise-ships/itinerary-updates or consult travel advisories, warnings or recommendations relating to cruise travel on applicable government websites.

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Royal Caribbean Group Enters Definitive Agreement to Sell its Azamara Brand to Sycamore Partners

MIAMI, Jan. 19, 2021 /PRNewswire-HISPANIC PR WIRE/ — Royal Caribbean Group (NYSE: RCL) today announced it has entered into a definitive agreement to sell its Azamara brand to Sycamore Partners, a private equity firm specializing in consumer, retail and distribution investments, in an all-cash carve-out transaction for $201 million, subject to certain adjustments and closing conditions. Sycamore Partners will acquire the entire Azamara brand, including its three-ship fleet and associated intellectual property. The transaction is subject to customary conditions and is expected to close in the first quarter of 2021.

Royal Caribbean Group noted the transaction allows it to focus on expanding its Royal Caribbean International, Celebrity Cruises and Silversea brands.

“Our strategy has evolved into placing more of our resources behind three global brands, Royal Caribbean International, Celebrity Cruises and Silversea, and working to grow them as we emerge from this unprecedented period,” said Richard D. Fain, Chairman and Chief Executive Officer of Royal Caribbean Group. “Even so, Azamara remains a strong brand with its own tremendous potential for growth, and Sycamore’s track record demonstrates that they will be good stewards of what the Azamara team has built over the past 13 years.”

“We are pleased that Royal Caribbean Group has entrusted Sycamore to support Azamara in its next phase of growth,” said Stefan Kaluzny, Managing Director of Sycamore Partners.  ”We are excited to partner with the Azamara team and build on their many years of success serving the brand’s loyal customers.  We believe Azamara will remain a top choice for discerning travelers as the cruising industry recovers over time.”

Azamara’s value proposition and operations will remain consistent under the new arrangement, and Royal Caribbean Group will work in close collaboration on a seamless transition for Azamara employees, customers and other stakeholders. In conjunction with the transaction, Azamara Chief Operating Officer Carol Cabezas has been appointed President of the brand.

The transaction will result in a one-time, non-cash impairment charge of approximately $170 million. The sale of Azamara is not expected to have a material impact on Royal Caribbean Group’s future financial results.

Perella Weinberg Partners LP served as financial advisor to Royal Caribbean Group and Freshfields Bruckhaus Deringer LLP provided legal counsel. Kirkland & Ellis LLP provided legal advice to Sycamore Partners.

About Royal Caribbean Group
Royal Caribbean Cruises Ltd., doing business as Royal Caribbean Group (NYSE: RCL), is a cruise vacation company that owns four global brands: Royal Caribbean International, Celebrity CruisesAzamara and Silversea.  Royal Caribbean Group is also a 50% owner of a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises. Together, our brands operate 61 ships with an additional 15 on order as of December 21, 2021.  Learn more at www.rclcorporate.com or www.rclinvestor.com.

About Sycamore Partners
Sycamore Partners is a private equity firm based in New York. The firm specializes in consumer, distribution and retail-related investments and partners with management teams to improve the operating profitability and strategic value of their business. With approximately $10 billion in aggregate committed capital raised since its inception in 2011, Sycamore Partners’ investors include leading endowments, financial institutions, family offices, pension plans and sovereign wealth funds. For more information on Sycamore Partners, visit www.sycamorepartners.com.

Cautionary Statement Concerning Forward-Looking Statements
Certain statements in this release relating to, among other things, our future performance estimates, forecasts and projections constitute forward-looking statements under the Private Securities Litigation Reform Act of 1995.  These statements include, but are not limited to: statements regarding revenues, costs and financial results for 2020 and beyond.  Words such as “anticipate,” “believe,” “could,” “driving,” “estimate,” “expect,” “goal,” “intend,” “look into,” “may,” “plan,” “project,” “seek,” “should,” “will,” “would,” “considering”, and similar expressions are intended to help identify forward-looking statements.  Forward-looking statements reflect management’s current expectations, are based on judgments, are inherently uncertain and are subject to risks, uncertainties and other factors, which could cause our actual results, performance or achievements to differ materially from the future results, performance or achievements expressed or implied in those forward-looking statements.  Examples of these risks, uncertainties and other factors include, but are not limited to the following: the impact of the global incidence and spread of COVID-19, which has led to the temporary suspension of our operations and has had and will continue to have a material adverse impact on our business, liquidity and results of operations, or other contagious illnesses on economic conditions and the travel industry in general and the financial position and operating results of our Company in particular, such as: the current and potential additional governmental and self-imposed travel restrictions, the current and potential extension of the suspension of cruises and new additional suspensions, guest cancellations; our ability to obtain sufficient financing, capital or revenues to satisfy liquidity needs, capital expenditures, debt repayments and other financing needs; the effectiveness of the actions we have taken to improve and address our liquidity needs; the impact of the economic and geopolitical environment on key aspects of our business, such as the demand for cruises, passenger spending, and operating costs; incidents or adverse publicity concerning our ships, port facilities, land destinations and/or passengers or the cruise vacation industry in general; our ability to accurately estimate our monthly cash burn rate during the suspension of our operations; concerns over safety, health and security of guests and crew; any protocols we adopt across our fleet relating to COVID-19, such as those recommended by the Healthy Sail Panel, may be costly and less effective than we expect in reducing the risk of infection and spread of COVID-19 on our cruise ships; further impairments of our goodwill, long-lived assets, equity investments and notes receivable; an inability to source our crew or our provisions and supplies from certain places; the incurrence of COVID-19 and other contagious diseases on our ships and an increase in concern about the risk of illness on our ships or when traveling to or from our ships, all of which reduces demand; unavailability of ports of call; growing anti-tourism sentiments and environmental concerns; changes in US foreign travel policy; the uncertainties of conducting business internationally and expanding into new markets and new ventures; our ability to recruit, develop and retain high quality personnel; changes in operating and financing costs; our indebtedness, any additional indebtedness we may incur and restrictions in the agreements governing our indebtedness that limit our flexibility in operating our business, including the significant portion of assets that are collateral under these agreements; the impact of foreign currency exchange rates, interest rate and fuel price fluctuations; the settlement of conversions of our convertible notes, if any, in shares of our common stock or a combination of cash and shares of our common stock, which may result in substantial dilution for our existing shareholders; our expectation that we will not declare or pay dividends on our common stock for the near future; vacation industry competition and changes in industry capacity and overcapacity; the risks and costs associated with protecting our systems and maintaining integrity and security of our business information, as well as personal data of our guests, employees and others;  the impact of new or changing legislation and regulations or governmental orders on our business; pending or threatened litigation, investigations and enforcement actions; the effects of weather, natural disasters and seasonality on our business; emergency ship repairs, including the related lost revenue; the impact of issues at shipyards, including ship delivery delays, ship cancellations or ship construction cost increases; shipyard unavailability; the unavailability or cost of air service; and uncertainties of a foreign legal system as we are not incorporated in the United States.

In addition, many of these risks and uncertainties are currently heightened by and will continue to be heightened by, or in the future may be heightened by, the COVID-19 pandemic. It is not possible to predict or identify all such risks.

More information about factors that could affect our operating results is included under the caption “Risk Factors” in our most recent quarterly report on Form 10-Q, as well as our other filings with the SEC, and the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our most recent annual report on Form 10-K, as updated by our Current Report on Form 8-K dated May 13, 2020, copies of which may be obtained by visiting our Investor Relations website at www.rclinvestor.com or the SEC’s website at www.sec.gov. Undue reliance should not be placed on the forward-looking statements in this release, which are based on information available to us on the date hereof. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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Arne Wilhelmsen, a founder of Royal Caribbean Cruises Ltd., dies at 90

MIAMI, April 11, 2020 /PRNewswire-HISPANIC PR WIRE/ Arne Wilhelmsen, a founder of Royal Caribbean Cruises Ltd. (NYSE: RCL) and a visionary strategist of the modern cruise industry, died Saturday, April 11, 2020, in Palma, Spain. He was 90. The entire Royal Caribbean family extends its heartfelt condolences to the Wilhelmsen family.

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Wilhelmsen was a constant influence on the company from its founding, serving more than three decades on the company’s board of directors. Together with the company’s first CEO, the late Edwin Stephan, Wilhelmsen saw possibilities for the nascent cruise industry that others did not.

“At a time when the rest of the world thought cruising was a niche use for old transatlantic liners, Arne was already seeing glimmers of the growth that was possible,” said Richard Fain, RCL’s chairman and CEO. “He had a vision of the modern cruise industry when the ‘industry’ might have been a dozen used ships, total.”

Their key insight: building new ships uniquely designed for cruising in warm weather. The industry did not grow from New York, the traditional transit hub; it came to Miami, helping the region itself grow as the public discovered an entirely new way to take a vacation.

Wilhelmsen saw the potential for cruising to become the fastest growing segment in a growing vacation industry.  A believer in economies of scale, he once recalled, “My initial challenge was to convince my partners and management in Miami to build bigger and more efficient ships in order to grow the company.”  True to his vision, the company now sails 61 ships calling on all seven continents and its fleet features the largest cruise ships in the world.

Born on June 15, 1929, in Oslo, Norway, Wilhelmsen earned his MBA at Harvard Business School and worked as a chartering assistant for Norway’s EB Lund & Co. and later as a shipbroker in New York. After joining the family business in 1954, he became its president in 1961. The scion of a leading Norwegian shipping concern – Anders Wilhelmsen & Co AS – he spent most of his life in the family business, including an early stint as a deckhand.

“Arne was a steady presence and source of wisdom on our board for decades,” Fain said. “And in 2003, when he was ready to step back, he was succeeded on the RCL board by his son, Alex, who has carried the involvement of the Wilhelmsen family in charting our company’s course into its sixth decade. Our high standards as a company, our insistence on excellence in operations and design, and our determination to persevere all owe a great deal to the long-term vision of Arne, Alex and the Wilhelmsen family. We salute our friend, and we will miss him dearly.”

About Royal Caribbean Cruises Ltd. Royal Caribbean Cruises Ltd. (NYSE: RCL) is a global cruise vacation company that controls and operates four global brands: Royal Caribbean International, Celebrity Cruises, Azamara and Silversea Cruises. We are also a 50% joint venture owner of the German brand TUI Cruises and a 49% shareholder in the Spanish brand Pullmantur Cruceros. Together these brands operate a combined total of 61 ships with an additional 17 on order as of December 31, 2019. They operate diverse itineraries around the world that call on all seven continents. Additional information can be found on www.royalcaribbean.comwww.celebritycruises.comwww.azamara.comwww.silversea.comwww.tuicruises.comwww.pullmantur.es, or www.rclinvestor.com.

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Royal Caribbean Announces Global Suspension Of Cruising

MIAMI, March 14, 2020 /PRNewswire-HISPANIC PR WIRE/ — Given global public health circumstances, Royal Caribbean Cruises Ltd. has decided to suspend the sailings of our fleet globally at midnight tonight.

We will conclude all current sailings as scheduled and assist our guests with their safe return home.

As with our announcement yesterday regarding U.S. sailings, we expect to return to service on April 11, 2020.

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