Amid the ongoing Houthi rebel strikes in the Red Sea, Virgin Voyages is canceling Resilient Lady’s 2024-25 winter season in Australia. Instead, the company is sending the ship to the Caribbean.
09.02.2024 - 11:16 / skift.com / Royal Caribbean / Dawit Habtemariam / Jason Liberty / Lionel Messi / Royal Caribbean Cruises
Icon of the Seas, the world’s largest cruise ship, is helping Royal Caribbean compete for tourism dollars with Las Vegas, Orlando and other destinations for multigenerational family vacations, said Royal Caribbean Group CEO Jason Liberty.
“We feel like we’ve started this transition from being a traditional cruise vacation to being a world-class multi-generational family option that stands shoulder to shoulder with Orlando and Las Vegas and any land-based destination experience that you could mention,” said Liberty, speaking on a conference call following the release of fourth-quarter results.
Orlando is home to large theme parks like Walt Disney World Resort and Universal Studios. Universal Orlando is building a $1 billion theme park.
Icon of the Seas officially set sail on January 27 with a christening by Lionel Messi. It cost $2 billion, and the 20-floor ship has eight different neighborhoods, each with a different experience for guests. Bookings volume and customer feedback has been “phenomenal,” said Liberty.
The company plans to innovate further to “chip away” at the value gap with land-based vacations. “We’re beginning to really attract a lot of demand from those land-based options with better quality product, more exciting products and great price points,” said Liberty.
A major objective is focused on getting customers to stay in Royal Caribbean’s ecosystem of brands, something land-based experience providers do very well. The cruise company wants to incentivize stronger customer loyalty with repeat experiences.
Royal Caribbean reported revenue for 2023 of $13.9 billion and adjusted Ebitda of $4.5 billion.
What am I looking at? The performance of cruise and tours sector stocks within the ST200. The index includes companies publicly traded across global markets including both cruise lines and tour operators.
The Skift Travel 200 (ST200) combines the financial performance of nearly 200 travel companies worth more than a trillion dollars into a single number. See more cruise and tours sector financial performance.
Read the full methodology behind the Skift Travel 200.
Amid the ongoing Houthi rebel strikes in the Red Sea, Virgin Voyages is canceling Resilient Lady’s 2024-25 winter season in Australia. Instead, the company is sending the ship to the Caribbean.
Laid-back, eccentric Memphis is a city built by music, where the streets can often feel like a throwback to another era.
During the peak of summer off the coast of Maine, a female lobster approaches the den of a potential mate. Male lobsters are aggressive, so she’s whipped up a love potion to win him over. The persuasive concoction is her own pee, full of seductive and disarming pheromones, which springs from a surprising source. “I hate to tell this to people who love to eat lobster,” says Ellen Prager, marine scientist and author of Sex, Drugs, and Sea Slime: The Oceans’ Oddest Creatures and Why They Matter. “Everybody thinks [their bladder] must be under their abdomen, but no, it’s actually between their eyes.”
Long before a solid first quarter of earnings, the Walt Disney Company has become emboldened and has talked about a $60 billion expansion of its experiential offerings.
It’s seemingly a perfect marriage.
There's nothing like graduating to make you want a celebratory vacation.
With the dawn of another election year, even a cursory glance at the headlines serves as a reminder of how volatile and divisive U.S. politics have become. Add to that a string of global crises and conflicts, and the desire to somehow escape from the chaos becomes easily understandable.
Forget Paris in spring: Rome is both warmer and cooler in the first few months of the year. The locals are in their winter black rollneck jumpers, accessorised with equally noir-ish sunglasses. With an average of 17C by March, it’s warm enough to sit outside cafés and bars, but not hot enough to fall foul of the “no shorts” rule enforced in Rome’s oldest churches.
These luxe new Caribbean properties are a castaway fantasy come to life.
What do you get when you cross a Las Vegas pool club with a cruise ship and a private island? You get Royal Caribbean's new Hideaway Beach.
One of the most appealing parts of giant Texas, the Hill Country offers travelers a break from life’s daily grind with loads of wineries, rivers for floating, endless trails to hike and live music around every corner.
Royal Caribbean has been basking in the wild booking frenzy of its newest ship: the Icon of the Seas, officially the world's largest cruise ship.