Welcome to our dedicated page for Royal Caribbean Group news (Ticker: RCL), a resource for investors and traders seeking the latest updates and insights on Royal Caribbean Group stock.
Royal Caribbean Group (NYSE: RCL) is a global leader in the cruise vacation industry. The company operates a diversified portfolio of three major brands: Royal Caribbean International, Celebrity Cruises, and Silversea Cruises. These brands collectively manage a fleet of 65 ships that visit nearly 1,000 destinations worldwide, with eight new ships currently on order. Additionally, Royal Caribbean Group holds a 50% ownership in a joint venture with TUI Cruises and Hapag-Lloyd Cruises. Beyond its cruise operations, the company is expanding its offerings with unique land-based vacation experiences, exemplified by projects like the Royal Beach Club in Cozumel, Mexico, slated to open in 2026.
The company's recent initiatives reflect its commitment to innovation and sustainability. In 2023, Royal Caribbean Group achieved significant milestones toward its net zero carbon emissions goal, including successful biofuel trials and the introduction of the maritime industry's first waste-to-energy system. The recent Seastainability Report highlights these efforts, showcasing the company's dedication to responsible tourism.
Royal Caribbean Group continues to strengthen its market position through strategic partnerships and customer-focused programs. A notable collaboration with Hard Rock International and Seminole Gaming offers reciprocal benefits to loyalty members, enhancing the vacation experiences for travelers across these brands. Additionally, the introduction of the Loyalty Status Match program allows members of Royal Caribbean's Crown & Anchor Society, Celebrity Cruises' Captain's Club, and Silversea's Venetian Society to enjoy equivalent tier statuses across all three brands.
Financially, the company is on a strong footing, with first quarter 2024 earnings exceeding expectations due to robust demand and higher pricing. The company has increased its full-year EPS guidance, projecting strong growth driven by its diverse range of offerings and continued customer demand.
Celebrity Cruises has unveiled 'The Bazaar,' a revolutionary multi-level space debuting on Celebrity Xcel. This transformational venue blends four unique Caribbean destination-inspired festivals with entertainment, culinary experiences, and activities to extend guests' shore experience while on board.
The three-story space features the Market at The Bazaar, showcasing local artisans and crafts, and new dining concepts including Mosaic, an open kitchen serving region-inspired dishes, and Spice, a casual dining venue. The ship will also introduce Celebrity's first destination-inspired cooking school, Chef's Studio at Mosaic.
Celebrity Xcel will sail seven-night itineraries from Fort Lauderdale, visiting various Caribbean destinations, before heading to Europe in Summer 2026 for Mediterranean voyages. The Bazaar will adapt its festivals and experiences to reflect Mediterranean destinations during European sailings.
Royal Caribbean Group (NYSE: RCL) reported strong 2024 results with EPS of $10.94 and Adjusted EPS of $11.80, exceeding guidance due to robust pricing and onboard revenue. The company projects 2025 Adjusted EPS of $14.35-$14.65, representing 23% growth despite a $0.65 headwind from foreign exchange and fuel rates.
Key 2024 highlights include: total revenues of $16.5 billion, Net Income of $2.9 billion, and Adjusted EBITDA of $6.0 billion. The company experienced a record-breaking WAVE season start, with strong bookings and higher rates. Net Yields increased 11.6% in Constant Currency for 2024.
The company announced expansion into river cruising through Celebrity River Cruises, with an initial order of 10 ships planned to sail in 2027. For 2025, RCL expects Net Yields to increase 2.5-4.5% in Constant Currency, with capacity growth of 5.4% compared to 2024.
Celebrity Cruises has announced its entry into river cruising with Celebrity River Cruises, starting operations in 2027. The company has placed an initial order for 10 ships that will operate in Europe, bringing the Edge Series ocean ships' design and sophistication to river cruising.
According to Royal Caribbean Group CEO Jason Liberty, approximately half of their guests have experienced or shown interest in river cruising. The expansion aims to meet growing demand for intimate, culturally enriching travel experiences while leveraging loyalty programs across their three brands to enhance customer engagement.
The new river cruise line will focus on premium experiences, offering locally inspired cuisine, unique shore excursions, and 360-degree views of historic cities. The vessels will incorporate design elements from Celebrity's Edge Series ships, emphasizing elevated hospitality and sophisticated styling. Specific details about destinations, fleet specifications, and excursions will be announced in the coming months.
Royal Caribbean Group (NYSE: RCL) has signed an agreement with Chantiers de l'Atlantique to order a sixth Edge Series ship for Celebrity Cruises, scheduled for delivery in 2028. The new vessel, known as Edge 6 or 'Xcel 2', will be a sister ship to Celebrity Xcel, which launches in November 2024.
The Edge Series, which began with Celebrity Edge in 2018, includes Celebrity Ascent, Celebrity Beyond, Celebrity Apex, and the upcoming Celebrity Xcel. These ships feature innovative designs like the Magic Carpet® floating platform and Infinite Veranda® staterooms that blur the lines between ship and shore.
This order adds to Royal Caribbean Group's newbuild pipeline of eight ships. The company will welcome two new vessels in 2024: Royal Caribbean International's Star of the Seas and Celebrity Xcel. The agreement is subject to customary conditions, including financing.
Celebrity Cruises has launched 'Dream Makers,' an innovative program allowing travelers worldwide to help shape the experience on their newest ship, Celebrity Xcel. Through online polls and in-person events, participants will influence key decisions across culinary, entertainment, and interior design elements before the ship's launch in November 2025.
The Celebrity Xcel, which recently completed its exterior construction at the Chantiers de l'Atlantique shipyard, features the industry's first tri-fuel capable engine, advancing Royal Caribbean Group's commitment to net-zero emissions by 2050. The ship will begin its inaugural season from Fort Lauderdale with seven-night Caribbean itineraries, followed by Mediterranean voyages in Summer 2026 from Barcelona and Athens.
Royal Caribbean has announced the return of its Artist Discovery Program for its upcoming ship, Star of the Seas, debuting in August 2025 at Port Canaveral. The program invites Caribbean artists to submit their work from January 16th through February 15th, 2025.
Selected artists will be commissioned to create large-scale murals in four key locations aboard the ship: the Royal Promenade, embarkation area, Suite Sundeck Lobby, and Suite Sundeck. Artists will receive grants ranging from $20,000 to over $100,000 and will work as artists-in-residence in Turku, Finland, where the ship is under construction.
Star of the Seas will feature eight distinct neighborhoods and offer year-round 7-night Eastern and Western Caribbean vacations, including stops at Perfect Day at CocoCay and various Caribbean destinations.
Royal Caribbean Group (NYSE: RCL) has announced it will host a conference call on Tuesday, January 28, 2025, at 10:00 a.m. Eastern Time to discuss the company's fourth quarter and full year 2024 financial results. The call will be available via simultaneous webcast on the company's investor relations website, with a replay accessible for 30 days following the event.
Royal Caribbean has announced the opening of its first Royal Beach Club Collection destination on Paradise Island, The Bahamas, set to launch in December 2025. The 17-acre Royal Beach Club Paradise Island will offer an all-inclusive beach day experience featuring pristine beaches, multiple pools, the world's largest swim-up bar, and over 40 cabanas.
The facility is divided into three distinct zones: Family Beach with activities and the Ultimate Family Cabana, Chill Beach for relaxation and local artisan shopping, and Party Cove featuring the Floating Flamingo swim-up bar. The project, developed through a public-private partnership with the Bahamian government, will create hundreds of local jobs and incorporate Bahamian culture throughout.
Starting in 2025, visitors can access the facility from six different U.S. cities through various cruise itineraries. The beach club will be part of Royal Caribbean's expanding destination experiences, with additional locations planned in Cozumel (2026) and Mexico (2027).
Royal Caribbean Group (NYSE: RCL) has announced a significant dividend increase, with its Board of Directors declaring a quarterly dividend of $0.55 per common share. This represents a 38% increase in the company's dividend payout. The dividend will be paid on January 13, 2025, to shareholders of record as of December 27, 2024. The company states this increase is part of their ongoing strategy to enhance shareholder returns.
Royal Caribbean has unveiled its 2026-27 Caribbean and Northeast cruise lineup featuring 12 ships operating from various ports. The schedule includes Icon of the Seas from Miami and Star of the Seas from Port Canaveral offering 7-night eastern and western Caribbean voyages. The itineraries will feature visits to Perfect Day at CocoCay in The Bahamas and the new Royal Beach Club Cozumel, opening in Mexico in 2026. Ships will operate from multiple homeports including Florida, Texas, Puerto Rico, and Northeast locations, offering cruises ranging from 4 to 12 nights. The soon-to-be-amplified Allure of the Seas will undergo a $100 million transformation before its deployment.
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