• We Travel 2U - Weblog

    We Travel 2U-Weblog

    Royal Caribbean Group Chairman and CEO Richard Fain saw total compensation of just over $12 million for the fiscal year 2020, according to a company SEC filing.

    Fain saw his base salary cut by nearly 50 per cent, but made up for it with $11 million in stock awards.

    Other company executives also had a good year, with CFO Jason Liberty seeing total compensation of $5.6 million, up from 2019.

    Royal Caribbean International President and CEO Michael Bayley earned $7.4 million, also up from 2019.

    The SEC filing noted that executives did forgo portions of their base salaries

    The company said it wants to establish a mix of compensation components, including fixed and variable pay and short- and long-term incentives, that encourages “focus on both the short- and long-term interests of the company and its shareholders.”

    Of note, Carnival Corporation CEO Arnold Donald took home $11 million and Norwegian Cruise Line Holdings CEO Frank Del Rio saw compensation of $36.4 million.

    Royal Caribbean Group Compensation Table:

    Name and
    Principal Position
    Fiscal YearSalary ($)Stock Awards ($)One-Time
    Stock Awards
    Non-Equity
    Incentive
    Plan
    Compensation
    Change in
    Pension Value
    and NQDC
    Earnings
    All Other
    Compensation
    Total ($)
    Richard D. Fain
    Chairman/CEO
    2020$645,000$11,171,146 $3,042,000*$154,879$112,478$12,083,503*
    2019$1,276,923$8,699,024$4,006,080$189,347$187,545$14,358,919
    2018$1,100,000$7,664,567$3,500,000$157,949$12,422,715
    2017$1,100,000$7,661,433$4,327,400$99,493$155,087$13,343,413
    2016$1,092,308$6,441,770$2,740,222$131,384$10,405,684
    2015$1,038,462$5,803,644$2,426,667$119,796$9,388,569
    2014$1,000,000$3,673,186$4,923,759$2,246,222$56,611$114,100$12,013,878
    2013$1,000,000$3,371,587$2,083,629$250,089$127,858$6,833,163
    Jason T. Liberty
    CFO
    2020$818,798$3,228,563 $1,411,938$89,503$100,429$5,649,231
    2019$788,462$2,621,510$1,731,002$91,472$113,674$5,424,004
    2018$788,462$2,136,947$1,685,523$140,932$4,751,864
    2017$692,308$1,700,547$2,792,203$1,521,533$57,849$125,806$6,890,246
    2016$592,308$1,127,080$798,217$21,980$88,478$2,628,062
    2015$511,538$765,923$655.175$66,801$1,999,437
    2014$444,231$519,248$716.111$508.197$6,393$79,563$2,273,743
    2013$380,019$373,728$364.324$25,741$77,676$1,221,488
    Michael W. Bayley
    President/CEO RCI
    2020$866,346$4,943,887 $1,435,000$74,355$116,244$7,435,832
    2019$941,923​$4,061,696$1,803,361$110,1190$140,711$7,057,881
    2018$870,769$3,086,742$1,577,143$187,432$5,722,086
    2017$792,308$2,834,275$2,792,203$1,519,461$121,223$135,123$8,194,593
    2016$696,154$1,784,470$938,428$11,630$107,334$3,866,773
    2015$675,000$1,436,142$986,229$115,934$3,213,305
    2014$598,846$944,096$1,909,604$861,000$15,897$79,207$4,408,650
    2013$575,00$770,630$658,891$67,786$101,625$2,173,932
    Lisa Lutoff-Perlo
    President/CEO
    Celebrity
    2020$710,558$2,719,084 $1,092,650$130,177$96,854$4,749,323
    2019$770,769$2,278,490$1,098,258$140,211$142,114$4,429,842
    2018$688,462$1,786,762$1,228,438$136,520$3,840,202
    2017$596,154$1,558,865$1,861,505$1,072,083$64,609$123,701$5,276,917
    2016$546,154$1,033,167$639,532$92,045$2,310,898
    Harri Kulovaara
    EVP
    Maritime
    2020$803,846 $1,483,167 $830,250$81,764$107,746$3,606,773
    2019$761,923$1,139,243$870,446$98,382$102,335$3,422,329
    2018$692,308$893,480$924,236$764,728$109,262$3,844,014
     

    *Declined Non-Equity Incentive Plan Compensation of $3,042,000

  • We Travel 2U - Weblog

    We Travel 2U-Weblog

    The Disney Wish will introduce a brand-new, distinctly Disney design concept unlike anything at sea, the company said, ahead of bigger news coming on April 29. The ship will be delivered and start cruising in 2022. 

    Disney said that the motif of enchantment is the architectural and thematic foundation of the ship’s design, weaving imagination, emotion and adventure into the very fabric of the vessel’s unique personality.

    “Enchantment is about unlocking the wonder in everything we do and experience,” said Laura Cabo, portfolio creative executive, Walt Disney Imagineering. “For the Disney Wish, we are creating a signature design language that exudes this emotional magic like only Disney can, by infusing every inch of this enchanted ship with more Disney stories and characters than ever before. The Disney Wish will be a place where families really do get to wish upon a star.”

    Inspired by nearly a century of Disney fairytales, Walt Disney Imagineers have captured the essence of enchantment through three design lenses, using:

    • fairytale castles, emulating the classic storybook charm at the core of many enchanted tales;
    • forests and animals, bringing to life fascinating natural worlds and the animals that inhabit them; and
    • spirit of the sea, embodying the magic and mystery of the watery world below.

    For the Disney Wish, the bow will feature Captain Minnie Mouse for the first time and the stern will boast a custom sculpture of the optimistic and adventurous Rapunzel. This artistic Disney Princess will appear to be “decorating” the exterior of the ship with her paintbrush and the help of her chameleon pal, Pascal, Disney said, in a statement. 

    Also new, is the Grand Hall, a bright, airy and elegant space that will welcome guests as they first step on the ship. Disney said that this fairytale castle-inspired atrium is touched with Gothic, Baroque and French Rococo influences that will give life to the columns, carvings, trimmings and adornments. At the base of a grand staircase, beneath the glow of the wishing star, will stand the personification of wish fulfilment herself: Cinderella. 


    Cruis

  • We Travel 2U - Weblog

    We Travel 2U-Weblog

    Vaccinated travellers to Barbados will still have to quarantine and be tested from next month, the island has said.

    From 8 May, arrivals who are fully vaccinated must provide proof of a negative PCR test three days before travel, carry a vaccination certificate and have another PCR test at Barbados airport or their approved accommodation.

    Guests will use specially designated transportation to their accommodation and must stay there while they await their result. All fully vaccinated travellers will be required to quarantine “for approximately one to two days” but will be allowed to move around within the accommodation’s boundaries.

    The same rules apply to those who are not vaccinated fully or at all, but they must remain in their rooms until their arrival PCR test has been cleared and must take another test five days after arriving.

    The rules add: “All unvaccinated travellers will be required to quarantine for approximately five to seven days.”

    Barbados Tourism Marketing said under 18s travelling with fully vaccinated adults could adhere to the fully vaccinated guidelines. It warned: “These protocols are likely to change.”