royal caribbean cruises ltd

Investor Relations

Global Leadership

About Royal Caribbean Group

Royal Caribbean Group (NYSE: RCL) is a vacation industry leader with a global fleet of 68 ships across its five brands traveling to approximately 1,000 destinations. With a mission to deliver the best vacations responsibly, Royal Caribbean Group serves millions of guests each year through its portfolio of best-in-class brands, including Royal Caribbean International, Celebrity Cruises, and Silversea; and expanding portfolio of land-based vacation experiences through Perfect Day at CocoCay and Royal Beach Club collection. The company also owns 50% of a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises. With a rich history of innovating, Royal Caribbean Group continually delivers exciting new products and guest experiences that help shape the future of leisure travel. Learn more at www.royalcaribbeangroup.com or www.rclinvestor.com .

Sustainability Report

Safeguarding and Protecting the World’s Oceans and Destinations we Operate, and the Health and Well-Being of our Guests and Crew Members.

View And Download Reports

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,” “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 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; concerns over safety, health and security of guests and crew; 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; and the unavailability or cost of air service.

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, 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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DISCOVER THE BEST CRUISE SHIPS

There are so many reasons to get excited about a Royal Caribbean® cruise. Choose from itineraries that take you to top-rated vacation destinations, from sun-soaked Caribbean isles to ancient temples in Asia and everywhere in between. Make the most out of every moment at sea while traveling onboard the world’s best cruise ships, loaded from bow to stern with game-changing thrills, dazzling entertainment, as well as next-level dining and unmatched activities for all kinds of adventure-seekers. No matter which ship you choose to sail on, this is a fleet filled with incredible feats.

New to the fleet  

Meet the fleet

of the Seas

ENCHANTMENT

INDEPENDENCe

Our biggest award winners

Meet the world's biggest, boldest ships

These engineering wonders take home awards every year for their cutting-edge design, first-of-their-kind attractions, world class dining and accommodations, and unforgettable experiences. From the tallest slide at sea, to culinary concepts that take guests from Japan to Italy to Wonderland, the world’s largest cruise ships are full of adventures guaranteed to wow every kind of explorer.

Explore Oasis Class

There's more to explore

If you’re ready to learn more about the incredible adventures you can have on Royal Caribbean, check out our 2024-2026 sailings — they’re all open to book right now. Dive into our deck plans and become an expert on the fleet. Or discover why our Oasis Class and Amplified ships are rated among the best cruise ships in the world.

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Our History

The beginning.

In 1968, hospitality entrepreneur Ed Stephan and three Norwegian ship owners, Sigurd Skaugen, Anders Wilhemsen and Gotaas Larsen, created a cruise line to sail the Caribbean. The partners chose the name “Royal Caribbean” – with the connection to royalty signifying the high standards of service guests could expect from the new company. The first ship,  Song of Norway , set sail on her maiden voyage from Miami on November 7, 1970, followed by two more ships in the next two years.

Influenced by the state-of-the-art Norwegian marine industry, the team built those first three ships for speed and fuel efficiency, with shallow drafts that could allow the ships to berth at small island quays. Impressed also by the Norwegian culture of ship safety, they made sure the vessels were designed for quick, efficient evacuation. Those early ships pioneered the wide, open-air decks and the round-cantilevered Viking Crown Lounges that made Royal ships stand apart from the crowd. 

In the decades that followed, Royal Caribbean Group has continued as an industry innovator – from hotel and dining to entertainment, safety, technology and destination development

All those years ago, when Royal Caribbean was a start-up company, it looked the part. The trailer on Biscayne Boulevard that housed the business would fit in a single conference room in the Group’s current Miami headquarters, which has a clear view of that spot on the Boulevard.  

Getting bigger has a lot of positives. But there are certain traits that helped us get where we are today and we will never lose. Chief among them is our entrepreneurial spirit. That is the force that drives us to innovate, to constantly strive to do better. Richard D. Fain, Chair of the Board, Royal Caribbean Group

Getting bigger carries the temptation to move slowly, take fewer chances. Royal Caribbean Group has always resisted that temptation. At the Group, growth fuels the penchant for trying new things and provides a larger landscape for conducting experiments. It means more opportunities for innovation — because great entrepreneurs know that breakout ideas are often the fast lane to success.

Entrepreneurial spirit is the state of mind that helps the Group see opportunity where others see only risk. It’s the state of mind that never thinks “good enough” is remotely good enough. It’s the state of mind that greets every new idea with the words “What if?” instead of “It won’t work.”

In 2020, Royal Caribbean Cruises Ltd. adopted a new moniker, Royal Caribbean Group, to reflect its status as a parent company of a diverse set of cruise lines as well as other business. The Group also sharpened its iconic crown and anchor logo, reflecting the company’s growth and evolution since its last refresh more than 20 years earlier.

Guests have come to expect the biggest, best and boldest from Royal Caribbean Group. And we aren’t going to let them down — ever.