Royal Caribbean International is a top cruise company and has almost 28 big ships in the cruise industry. The company is known for having some of the world’s largest ships. So, Who Owns Royal Caribbean?
Royal Caribbean Group (formerly known as Royal Caribbean Cruises Ltd) owns Royal Caribbean International, along with Celebrity Cruises and Silversea Cruises. Royal Caribbean Group operates worldwide and was founded in Liberia but is now headquartered in Miami, Florida.
Let’s learn more about this impressive company and its luxurious cruises.
Who Owns Royal Caribbean?
Royal Caribbean International along with Celebrity Cruises, and Silversea Cruises is owned by the Royal Caribbean Group. They have 64 cruise ships in the fleet and sail to 1,000 destinations worldwide.
Who Owns the Most Shares of Royal Caribbean?
Capital Research & Management owns the most shares in Royal Caribbean Group. They are a big investment group that started in 1931 and has over $2.6 trillion in assets. They own more than 16% of the company.
Although the ownership of 16% is divided among various branches of Capital Research & Management Company, international investors hold an 11.66% stake in the group. Other major shareholders include JPMorgan, The Vanguard Group, and other large investment groups.
Who Is the CEO of Royal Caribbean?
Michael Bayley is the CEO and President of Royal Caribbean International. Bayley is from the UK and studied Business at the University of Bournemouth.
Jason Liberty is the president and CEO of Royal Caribbean Group. He has degrees in accounting and finance from the University of Miami and Indiana University. He is on the board of directors of WNS Limited, a public company in business process management.
Who Founded Royal Caribbean?
Royal Caribbean International was started in 1968 by 3 shipping companies in Norway. The companies were Anders Wilhelmsen & Company, I.M. Skaugen & Company, and Gotaas Larsen. Their first ship, Song of Norway, set sail two years later. The Nordic Prince joined the fleet a year after that, followed by Sun Viking in 1972.
Over the next 20 years, many ships were launched by cruise lines. The largest cruise ship in the world at that time, Sovereign of the Seas, was launched. Royal Caribbean also merged with Admiral Cruises in the same year.
In 1993, the company launched two more ships and became a public company on the New York Stock Exchange. It grew quickly and built its new headquarters in Miami.
Acquisitions & Reintroducing the Brand
In 1997, Royal Caribbean bought Celebrity Cruises, a Greek premium cruise line. They changed the cruise line’s name to Royal Caribbean International and the parent company’s name to Royal Caribbean Cruises Ltd, and later, Royal Caribbean Group.
Since then, Royal Caribbean Group has acquired other companies. Currently, the group owns three cruise lines: Royal Caribbean International, Celebrity Cruises, and Silversea.
The Royal Caribbean Group used to own Azamara but sold it to Sycamore Partners in 2021. It also sold 50% of TUI Cruises.
Royal Caribbean International
Royal Caribbean International started in 1968. They launched Song of Norway as the first ship made for warm-weather cruising. It started sailing from Miami to the Caribbean. The fleet has grown and now travels to many places around the world.
It has become known for its diverse destinations and fun onboard experiences. Royal Caribbean have 28 cruise ships by the end of 2024, and two more are being built. The cruise line focuses on families and active travelers, offering kids clubs and exciting activities like skydiving and surfing simulations.
Royal Caribbean stands out for its variety of amenities and options for different preferences and budgets. You can choose a budget-friendly option on an older ship or a luxurious experience on their newest ships with exclusive suite areas. Each ship has its own charm and attractions, making a cruise with Royal Caribbean an unforgettable adventure for all types of travelers.
Celebrity Cruises
Celebrity Cruises started in 1988 as a Greek cruise line that offered a more upscale experience than other cruise lines at the time. In 1997, Royal Caribbean Cruises Ltd. bought Celebrity, making it Royal Caribbean’s sister cruise line.
This partnership brought in new ships for the fleet. Celebrity Cruises has 16 ships, from big ones for over 3,000 guests to small yachts for 16 guests and still provides a luxurious experience.
It has a high-end atmosphere without being all-inclusive, so prices are reasonable compared to other luxury cruises. The cabins are cozy and well-equipped, the entertainment is exciting, and the nightlife is vibrant. The cruises are popular among young professionals, couples, and families with grown-up kids because of the trendy yet classy vibe.
Silversea Cruises
Silversea Cruises, a luxury brand in the cruise industry, started in 1994. In 2018, Royal Caribbean Group bought two-thirds of the company and completed the purchase in 2020.
Silversea has 11 ships, including 7 ultra-luxury cruise ships and 4 expedition ships, with capacities ranging from 100 to 728 passengers.
Silver Ray, Silversea’s new ship arriving in summer 2024. Silver Ray is like its sister ship, Silver Nova, with a unique design and lots of glass for great views. It is one of the roomiest ships ever made, providing a lot of space for guests while still being easy to move around. Silver Ray is a bright addition to the fleet.
Silversea’s fares include luxury benefits like suite rooms with butlers, flights, and transfers. This makes it easy for passengers to have a smooth cruise experience from their door to the ship. The ships offer a more intimate and elegant experience with features like marble bathrooms and Bulgari bath products.
Oasis Class & Royal Caribbean Popularity
In 2009, Royal Caribbean had a big year when it introduced the first Oasis-class ship, which was the biggest type of ship in the world at that time. Although the Icon-class ships are now larger, the Oasis Class played a key role in making Royal Caribbean very popular globally.
Royal Caribbean Net Worth
Royal Caribbean International does not have a listed net worth. However, the Royal Caribbean Group’s total net worth is $32.77 billion as of April 2024, making it the largest cruise corporation, ahead of Carnival Group by about $14 billion.
Does the Company Have Stock?
Royal Caribbean International does not have stock. The senior company, Royal Caribbean Group, is listed as RCL on the New York Stock Exchange. It is one of the most valuable cruise line stocks available for investment.
If you invest in Royal Caribbean Group and buy 100 or more shares, you will get perks as a shareholder when you cruise with Royal Caribbean or Celebrity Cruises, except in the Galapagos Islands.
Shareholders get onboard credit for cruises:
- $250 onboard credit per staterooms on sailings for 14+ nights.
- $100 onboard credit per stateroom on cruises for 6–13 nights.
- $50 onboard credit for staterooms on cruises lasting 5 nights or fewer.
To get your credit, apply on the cruise line’s website and show proof of owning shares.
FAQs – Who Owns Royal Caribbean
Is Carnival owned by Royal Caribbean?
Carnival Cruise Line is owned and run by Carnival Corporation & PLC.
Who Owns Celebrity Cruises?
Celebrity Cruises is owned and operated by Royal Caribbean Group, which also owns and operates Royal Caribbean International.
What Company is Royal Caribbean’s Sister Company?
Royal Caribbean has two sister brands: Celebrity Cruises and Silversea Cruises. They are all part of the Royal Caribbean Group.
How to Buy Shares in Royal Caribbean?
You can buy shares through a stockbroker, who can be licensed or use smartphone or laptop apps. Look for a platform that trades on the NYSE and asks them to buy RCL stock. Stockbrokers are more expensive but provide advice, which is helpful if you’re unsure about investments. If you’re comfortable with the risks, using an online stockbroker is usually cheaper.
Where is Royal Caribbean Located?
The Royal Caribbean corporate office is in Miami, Florida at 1050 Caribbean Way, Miami FL 33132. You can reach the headquarters by calling 1 305-539-6000.
- Are Cruises Safe? Cruise Ship Safety & Security - November 5, 2024
- Best Things To Do in Half Moon Cay Bahamas 2024 - November 4, 2024
- Carnival Cruise WiFi Packages 2024: WiFi Plans, Cost & FAQs - November 4, 2024