Royal Caribbean canceled all cruise ship visits to its private resort Labadee in Haiti for the remainder of 2026, extending its previous suspension that went through April 2026.
A Royal Caribbean spokesperson told the Miami Herald, “Out of an abundance of caution, we have extended our pause to Labadee.” The cruise line did not
Cruise stocks rallied following President Trump’s announcement on Truth Social that all reciprocal tariffs will be paused for 90 days. This comes after cruise stocks dropped considerably last week with some major brands falling as much as 13 to 16 percent (in one day) after Trump’s initial tariff announcement on over 90 countries on his
Following President Trump’s tariff announcement yesterday (April 3) and the market downturn, cruise stocks have dropped across the board. Cruise Industry News reports today that the major cruise line traded “considerably down at market close compared to other major companies and the S&P 500 index.”
“While the S&P 500 average ended the day at
A number of travel publications are reporting that Norwegian Cruise Line (NCL) is drastically increasing its service charges by an unprecedented 25% for most cabins, effective January 1, 2023. NCL’s new rate for most passenger cabins will increase $4 from the current $16 a cabin to $20 cabin per person per day. NCL’s guests staying
Carnival Corporation CEO Arnold Donald recently stated on the cruise giant’s second quarter and business update call that Carnival Cruise Line is expected to operate at “110 percent occupancy” for the summer season. He stated “Carnival Cruise Line also became our first brand to sail its entire fleet in May and is expecting occupancy to
The cost of daily service charges on cruise ships operated by Norwegian Cruise Line (NCL) has increased again, to as much as $20 per person, per day according to several news sites. Cruzely and The Street report that the new charges reflect a “hike of $1.50 daily for The Haven and Suites, no change for
Last week, the Economist asked the question in the title of its article about excessive corporate compensation – Will Shareholders Halt the Inexorable Rise of CEO Pay? Today, a clear majority of Norwegian Cruise Line Holdings shareholders in what is called a “say-on-pay” vote, gave a big “thumbs down” to the company’s plan to pay
Carnival Cruise Line posted a video of President Christine Duffy yesterday stating that (1) it hasn’t made a decision to require vaccines, and (2) it won’t sail from non-U.S. home ports (like Royal Caribbean / Celebrity are going to do in the Bahamas and St. Martin).
(1) My view is that Carnival Cruise Line wants
Amsterdam established a tax on cruise passengers effective January 1, 2019. The new tax of €8 ($9.12) applies to every cruise passenger over 3 years old per 24-hour period.
As reported by the LA Times, two cruise lines have cancelled port visits to Amsterdam because of the nominal tax. MSC Cruises and Cruise & Maritime
Royal Caribbean Cruises Ltd. chairman and CEO Richard Fain acquired 18,900 shares of Royal Caribbean (“RCL”) stock for $1,990,000 or a weighted average price of around $105.60 a share, according to Seatrade Cruise News.
Mr. Fain bought the RCL shares on Thursday. The stock is reportedly for a trust primarily for the benefit of
Carnival Cruise Line just increased its automatic gratuities on drinks (both alcohol and non-alcohol) from 15% to 18%.
Automatic gratuities result in money being deducted directly from the guest’s accounts.
A Carnival employee sent a copy of a letter from Richard Morse, Carnival’s Senior Vice President of Hotel Operations, explaining that from the the 3%
Royal Caribbean is reportedly outsourcing the majority of the employees in its call center in Springfield, Oregon (near Eugene) to Jamaica and Guatemala. Over 700 positions in the Springfield office will apparently be gone by the end of 2019. Employees say that they were forced to sign Non-Disclosure Agreements (NDA’s) prohibiting them from talking about
According to The Telegraph newspaper, NCL cruise executive Andy Stuart’s 83-year-old mother told the newspaper that Norwegian Star cruise guest Kay Longstaff, who went overboard as the cruise ship was heading back to Venice three days ago,
“. . . didn’t fall off. She jumped. This has cost Norwegian Cruise Line $600,000. This stupid woman
Today, Royal Caribbean Cruises announced that it is acquiring a 66.7% stake in Silversea Cruises for $1,000,000,000 (billion) and assuming around $500,000,000 (million) in debt.
As a privately held cruise brand, Silversea operates nine ships with two newbuilds, Silver Moon and Silver Dawn, which are under construction for delivery in 2020 and 2021, with
According to WRLN in Miami, FEMA grossly overpaid Carnival Cruise Line to charter the Carnival Fascination to provide housing for FEMA workers following Hurricane Maria.
According to documents obtained through the Freedom of Information Act (FOIA) by Daniel Rivero, WLRN states that FEMA agreed to pay Carnival $74,700,000 to provide accommodations aboard the Carnival Fascination
Royal Caribbean Chairman Richard Fain remains the highest paid executive in the cruise industry.
Mr. Fain is the highest paid cruise executive for the second year in a row. Mr. Fain was paid $13,343,413 last year (2017), an increase of nearly three million dollars, from $10,405,684 in 2016.
Royal Caribbean enjoyed a record earnings year
Passengers aboard the Norwegian Sun are still complaining about the massive renovation projects that ruined their two week cruise from Miami through the Panama Canal to Los Angeles several weeks ago.
We wrote about the problem almost three weeks ago in an article titled NCL’s Panama Canal Fiasco Cruise. The Miami Herald just reported
Royal Caribbean announced its fourth quarter financial results with CEO Richard Fain stating that the cruise company received revenues of $2,000,000,000 with net profits of $288,040,000. Royal Caribbean’s fourth-quarter profits and revenues reportedly exceeded Wall Street estimates,
Mr. Fain told CNBC that the company met its lofty three-year goals of “double earnings” and a “double-digit”
