Royal Caribbean Gets Majority Stake in Silversea Cruises

Royal Caribbean is to acquire a 66.7% equity stake in Silversea Cruises.

Royal Caribbean Cruises Ltd. is purchasing a majority stake in the ultra-luxury line Silversea Cruises, announced officials for RCL recently.

Under the new partnership, Miami-based cruise line entered into a 364-day Continue reading

Royal Caribbean Invests $120M in a 15-year-old Ship to Attract Millennials

Royal Caribbean has invested $120 million in the Mariner of the Seas, a 15-year-old Voyager-class cruise ship in order to amp its offerings up and attract younger travelers with shorter cruises. The renovation is a part of a $900 million program, called Royal Amplified, and involving 10 ships in a period of four years, including the recently amplified Independence of the Seas.

Мillennials prefer more frequent and shorter vacations, because of that the Mariner of the Seas is expected to meet that demand, according to Michael Bayley Royal Caribbean President and CEO. Continue reading