Construction of New Royal Caribbean Ship Progressing in Finland

Posted on 23 September, 2024 by Spacejunkie2

The construction of Royal Caribbean International’s new Star of the Seas is making progress at the Meyer Turku shipyard in Finland.

Part of the company’s Icon Class, the 250,800-ton ship is scheduled to enter service in the Caribbean in mid-2025.

According to a recent update shared by Meyer Turku, a significant milestone was reached with the lifting of the ship’s AquaDome.

The feature, added to the top deck of the ship, is the single largest glass and steel structure lifted onto a ship in one piece, the shipyard said.

The lifting process took several hours to complete, Meyer Turku added, and required extreme precision, as the entire structure had to remain level.

After debuting onboard the Icon of the Seas earlier this year, the AquaDome became a hallmark feature of Royal Caribbean’s Icon Class, the shipyard said.

The space offers 220-degree ocean views and houses a selection of bars, restaurants, and entertainment venues, including the company’s signature AquaTheater.

According to Royal Caribbean, the 363-ton dome is one of the most anticipated features of the Star of the Seas, standing at 82 feet tall and 164 feet wide.

Set to enter service in August 2025, the new ship will offer cruises departing from Port Canaveral as part of its maiden season.

Sailing to both the Western and the Eastern Caribbean, the seven-night itineraries feature visits to Royal Caribbean’s private island destination in the Bahamas, Perfect Day at CocoCay, as well as other destinations, including Cozumel and Puerto Rico.

Following the Star of the Seas, a third yet-unnamed Icon-class ship is set to debut in the spring of 2026.

Royal Caribbean recently confirmed its plans to build a fourth ship in the series at the Meyer Turku in Finland.

As part of an agreement revealed in late August, the new 5,610-guest ship is set to be delivered in 2027. The contract also includes options for two additional Icon-class vessels.

Royal Caribbean International Cancels More Calls at Labadee

Posted on 24 March, 2024 by Spacejunkie2

Independence of the Seas in Labadee photo credit Spacejunkie2 Flickr

Royal Caribbean International is canceling additional visits to Labadee, its private destination in Haiti.

In different statements, the company has confirmed that its ships will no longer be visiting the port of call over the next few weeks.

After suspending visits to Labadee earlier this month, the company has decided to evaluate the situation in Haiti on a continuous basis, said Royal Caribbean International’s President and CEO Michael Bayley.

“We’ll continue to suspension on a rolling basis with three days advance notification for our guests sailing on itineraries impact and changed as we monitor and evaluate the situation in Haiti,” he explained in a social media post.

Newly affected sailings include Independence of the Seas’ March 21 departure. Instead of going to Labadee, the four-night cruise will now visit Grand Turk on March 23.

The April 6 sailing of the Symphony of the Seas has also been impacted and will now include a visit to Falmouth, Jamaica on April 12.

For its April 7 departure, the Oasis of the Seas will now be visiting St. Maarten instead of Royal Caribbean’s private destination in Haiti.

Other vessels affected by the cancellations include the Adventure of the Seas, the Mariner of the Seas, the Explorer of the Seas, the Grandeur of the Seas and the Odyssey of the Seas.

Serving as a private destination for Royal Caribbean International ships since the 1980s, Labadee is located in Haiti’s Cap-Haïtien region.

After receiving significant upgrades in 2009, the fenced-off resort offers various features, including a flea market, a roller coaster, and a zip-line.

In addition to several beaches, Labadee also has a two-berth pier capable of receiving some of the world’s largest cruise ships.

In addition to Royal Caribbean, the destination is also scheduled to host ships from Celebrity Cruises during the 2024-25 winter season.

Royal Caribbean Increases Financial Guidance for 2024

Posted on 22 February, 2024 by Spacejunkie2

Independence and Symphony of the Seas in San Juan, Puerto Rico photo credit Spacejunkie2 Flickr

Royal Caribbean Group today provided an update on demand and updated its 2024 guidance.

The company said it continues to be very encouraged about the demand and pricing environment for 2024.

Since its most recent update on its Q4 2023 earnings call, the WAVE booking season has exceeded the company’s initial expectations, with the first five weeks of the year resulting in the best WAVE booking weeks in the company’s history.

“Bookings have been significantly higher than during the same period last year, with the back half of the year up by more than the front half. For 2024, all four quarters and all key products are booked ahead of the same time last year in both rate and volume. Consumer spending for onboard purchases continue to exceed prior years driven by greater participation at higher prices, indicating quality and healthy future demand,” the company said in a statement.

“Since our last earnings call, robust demand for our vacation experiences has significantly exceeded our initial expectations,” said Jason Liberty, president and CEO of Royal Caribbean. “As a result, we are increasing our 2024 guidance on stronger revenue outlook, and we expect to achieve all Trifecta goals in 2024. Trifecta marks an important milestone as we remain intensely focused on delivering a lifetime of vacations and priceless memories for our guests while delivering exceptional long-term shareholder value.”

As a result of the strong WAVE season, the company is increasing its 2024 Adjusted EPS guidance by $0.40 compared to its February guidance. For the full year, Adjusted EPS is now expected to be $9.90 to $10.10 driven by an increase in constant currency net yield growth of approximately 100 bps compared to the February guidance. Approximately $0.15 of the full year increase in adjusted EPS is driven by an improved revenue outlook for the first quarter of 2024. The company now expects to achieve all Trifecta goals in 2024.