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| Type | Public (NYSE: RCL, OSE: RCL |
|---|---|
| Founded | 1997 |
| Headquarters | Miami, Florida |
| Industry | Entertainment |
| Website | www.royalcaribbean.com |
Royal Caribbean Cruises Ltd. (OSE: RCL NYSE: RCL) is a Norwegian / American company based in Miami, Florida. It is the world's second-largest cruise line operator, after Carnival Corporation & PLC. As of March 2009 Royal Caribbean Cruises Ltd. fully owns five cruise lines: Royal Caribbean International, Celebrity Cruises, Pullmantur Cruises, Azamara Cruises and CDF Croisières de France, plus has a 50% stake in TUI Cruises.[1][2] Previously Royal Caribbean Cruises also owned 50% of Island Cruises, but this was sold to TUI Travel PLC in October 2008.[3]
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History
Royal Caribbean Cruises Ltd. was formed in 1997 when Royal Caribbean Cruise Line, founded in 1968, and Celebrity Cruises, founded in 1988, merged. The decision was made to keep the two cruise line brands separate following the merger; as a result Royal Caribbean Cruise Line was rebranded Royal Caribbean International and Royal Caribbean Cruises Ltd. was established as the new parent company of both Royal Caribbean International and Celebrity Cruises.[4]
A third brand under Royal Caribbean Cruises ownership was formed in 2000 when Island Cruises was created as a joint venture with British First Choice Holidays. Island Cruises became an informal cruise line on the British and Brazilian markets.[5]
In November 2006, Royal Caribbean Cruises purchased Pullmantur Cruises based in Madrid, Spain. Onwards from that point the company expanded radically with the creation of new cruise lines: Azamara Cruises was created in May 2007 as a subsdiary of Celebrity Cruises[6] and CDF Croisières de France, aimed at French-language customers, in May 2008.[7] Another new cruise line, TUI Cruises will begin operations in 2009. The brand is aimed at a German-speaking audience and is a joint venture with TUI AG.[8]
TUI AG had previously become the owner of 50% of Island Cruises following their acquisition of First Choice Holidays in 2007.[9] In October 2008 Royal Caribbean Cruises sold their share of Island Cruises to TUI.[3]
Cruise lines owned by RCCL
- Royal Caribbean International
- Celebrity Cruises
- Pullmantur Cruises
- Azamara Cruises
- CDF Croisières de France
- TUI Cruises (50% share, to begin operations 2009)
Former brands
- Island Cruises (50% share, owned 2000-2008)
Other companies owned by RCCL
References
- ^ "Investor Relations Overview". Royal Caribbean Cruises Ltd. http://www.rclinvestor.com/phoenix.zhtml?c=103045&p=irol-IRHome. Retrieved 10 November 2008.
- ^ Newman, Doug (30 April 2008). "Celebrity Galaxy to Be TUI Cruises’ First Ship". At Sea with Doug Newman. http://dougnewmanatsea.com/2008/04/30/celebrity-galaxy-to-be-tui-cruises-first-ship/. Retrieved 10 November 2008.
- ^ a b "Royal Caribbean Cruises Ltd. to Sell Its Interest in Island Cruises to First Choice Holidays Ltd.". Royal Caribbean Cruises Ltd. 6 October 2008. http://www.rclinvestor.com/phoenix.zhtml?c=103045&p=irol-newsArticle&ID=1206019&highlight=. Retrieved 10 November 2008.
- ^ Plowman, Peter (2006). The Chandris Liners and Celebrity Cruises. Rosenberg Publishing. p. 219. ISBN 1 877058 47 5.
- ^ "Island Cruises ownership" (PDF). Island Cruises press material. http://www.islandcruises.com/downloads/12.pdf. Retrieved 2007-12-11.
- ^ "Celebrity Cruises Presents New, Deluxe Cruise Line: Azamara Cruises". Royal Caribbean Cruise Ltd. Press Release. http://www.rclinvestor.com/phoenix.zhtml?c=103045&p=irol-newsArticle&ID=996028&highlight=. Retrieved 2007-12-11.
- ^ Cruise Business Review: Royal Caribbean starts new cruise line dedicated to French market, retrieved 14. 10. 2007
- ^ "TUI AG and Royal Caribbean Cruises Ltd. Announce Joint Venture to Serve German Cruise Market". Royal Caribbean Cruise Ltd. Press Release. http://www.rclinvestor.com/phoenix.zhtml?c=103045&p=irol-newsArticle&ID=1085423&highlight=. Retrieved 2007-12-11.
- ^ "Tui Travel plc Begins Trading on the London Stock Exchange" (PDF). TUI Travel PLC press release. http://www.tuitravelplc.com/tuitravel/uploads/mediapress/Externalannouncement3September07.pdf. Retrieved 2007-12-11.
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