Royal Caribbean Cruises Ltd. Names Michael Giresi as Senior Vice President and Chief Information Officer
Aug 31 15
Royal Caribbean Cruises Ltd. announced that Michael Giresi has been named senior vice president and chief information officer. Giresi joins Royal Caribbean with more than 20 years of experience in implementing technology initiatives for leading brands including Tory Burch, LLC, Direct Brands Inc., Godiva Chocolatier and The Estee Lauder Companies Inc. Giresi will report directly to Adam Goldstein, president and COO of Royal Caribbean Cruises Ltd. Giresi most recently served as senior vice president and CIO for Tory Burch, where he was responsible for the implementation of new infrastructure and technology initiatives for one of the fastest growing fashion brands in the world.
Royal Caribbean Announces Royal Suite Class, for Most Discerning Adventurers
Aug 11 15
Royal Caribbean announced the Royal Suite Class, designed for the most discerning adventurers. When vacationing in one of a range of innovative accommodations, guests will enjoy an experience like no other featuring a wide-range of benefits and amenities that they expect from a world-class luxury vacation. Along with well-appointed accommodations, Royal Suite Class will offer a range of exclusive amenities based on three tiered service levels. Premium features include a Royal Genie, certified by the British Butler Institute to meet guests every need; free VOOM, the fast internet at sea; complimentary specialty dining; an ultimate beverage package; inclusive gratuities; preferred seating at select onboard venues, and upgraded room amenities. The Royal Suite Class will be available for sailings beginning May 2016 aboard Royal Caribbean's Oasis- and Quantum-class ships, Anthem of the Seas, Quantum of the Seas, Allure of the Seas, and Oasis of the Seas, as well as Harmony of the Seas and Ovation of the Seas when they debut in spring 2016. The Royal Suite Class comprises three service levels based on suite category: Star Class, Sky Class and Sea Class. The Star Class includes the most comprehensive collection of amenities and services and the most expansive and richly appointed accommodations, such as Quantum-class' two-deck high Royal Loft Suite, along with the Owner's Loft Suite, Four Bedroom Family Suite, Grand Loft Suite, Sky Loft Suite and Two Bedroom AquaTheater Suite. The Sky Class features a selection of inclusive amenities in beautifully furnished staterooms such as the AquaTheater Suite, Crown Loft Suite, Owner's Suite, Royal Family Suite, Superior Grand Suite and Grand Suite. The Sea Class includes premium touches in spacious suites such as the Family Connected Junior Suite, Family Junior Suite, Spa Junior Suite and Junior Suite. Guests booked in the Royal Suite Class will experience a range of exclusive offerings based on their suite category that include: Superior Service: a 'first' for Royal Caribbean, Star Class guests will receive the new and complimentary Royal Genie service. The Royal Genie trained and certified by the British Butler Institute, will serve as a personal assistant to help guests with nearly everything and anything, 24 hours a day. Royal Genies take care of restaurant and show reservations, in-room dining requests, and any other needs " from laundry, pressing and shoe shining, to luggage handling and unpacking. In addition, the Royal Genie will pamper guests with handcrafted cocktails made in-suite as well as assist in creating and reserving customized shore excursions. Upgraded Amenities: guests in the Royal Suite Class will enjoy the ultimate 'home away from home' with upgraded amenities, such as Hermes, Ferragamo and L'OCCITANE bath products and luxury pillow top mattresses. Star Class guests will luxuriate in their suites with exclusive Duxiana DUX mattresses and Frette linens. Personalized Experiences: luxury is defined by personal experiences and onboard a Royal Caribbean ship it is embodied by the crew and unmatched tailored service " from a personalized welcome gift to a guest's favorite cocktail before dinner, guests will feel as if all their personal preferences have been met. Exclusive and Priority Access: Royal Suite Class guests also will have exclusive access to the California-chic Coastal Kitchen restaurant reserved for Suite guests only. On Royal Caribbean's private beach paradise Labadee, Haiti suite guests enjoy access to the exclusive Barefoot Beach and have the ability to reserve private cabanas on the island. Additionally, Star and Sky Class guests enjoy a private Suite Sun Deck and reserved VIP seating in entertainment productions, like fully licensed Broadway musicals and Oasis-class' AquaTheater high-diving spectaculars.
Royal Caribbean Cruises Ltd. Reports Un-Audited Consolidated Earnings and Operating Results for the Second Quarter and Six Months Ended June 30, 2015; Revised Earnings Guidance for the Year 2015; Provides Earnings Guidance for the Third Quarter of 2015 and Provides Capital Expenditure Guidance for the Years 2015, 2016, 2017, 2018 and 2019
Jul 31 15
Royal Caribbean Cruises Ltd. reported un-audited consolidated earnings and operating results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported adjusted net income of $185.0 million, or $0.84 per diluted share, versus $146.7 million, or $0.66 per diluted share in 2014. US GAAP net income was $185.0 million or $0.84 per diluted share, versus $137.7 million, or $0.62 per diluted share in 2014. The company reported total revenues of $2,058.3 million compared to $1,980.0 million and operating income of $261.3 million compared to $195.6 million for the last year.
For the six months, the company reported adjusted net income of $230.2 million, or $1.04 per diluted share, versus $192.8 million, or $0.86 per diluted share in 2014. US GAAP net income was $230.2 million or $1.04 per diluted share, versus $164.1 million, or $0.74 per diluted share in 2014. The company reported total revenues of $3,873.9 million compared to $3,867.3 million, operating income of $367.0 million compared to $293.1 million, net cash provided by operating activities of $1,040.3 million compared to $880.9 million and purchases of property and equipment of $1,151.6 million compared to $342.5 million for the last year. Net debt as on June 30, 2015 was $8,621.5 million compared to $8,254.7 million on December 31, 2014.
The company expected adjusted EPS to be in the range of $4.65 to $4.75 per share, a $0.15 increase from the mid-point of the company's previous guidance, driven by beneficial currency and fuel rates. Better than expected performance in the Caribbean and China in second quarter and a modest increase in costs are essentially offsetting each other and are neutral to earnings. The cost increase in the second half of the year is for some additional marketing activities focused on 2016. Net Revenue Yields are now expected to increase in the range of 2.9% to 3.9%, versus previous guidance of 2.5% to 4.0%, and Net Cruise Costs excluding fuel are expected to be better than flat, versus previous guidance of flat to down 1%. Based upon current ship orders, projected capital expenditures for full year 2015, 2016, 2017, 2018 and 2019 are $1.6 billion, $2.3 billion, $0.5 billion, $2.4 billion and $1.3 billion, respectively.
Constant-Currency Net Yields are expected to be up in the range of 3.5% to 4.0% in the third quarter of 2015. NCC excluding fuel are expected to be down 1.5% to 1.0% on a Constant-Currency basis. Based on current fuel pricing, interest rates and currency exchange rates and the factors detailed above, the company expects third quarter adjusted EPS to be approximately $2.70 per share.
For the quarter, the company reported passengers carried of 1,314,284 compared to 1,283,596, passenger cruise days of 9,465,349 compared to 9,032,618, APCD of 9,040,437 compared to 8,607,667 and occupancy of 104.7% compared to 104.9%.
For the six months, the company reported passengers carried of 2,649,802 compared to 2,561,830, passenger cruise days of 18,679,992 compared to 17,886,254, APCD of 17,819,382 compared to 17,080,917 and occupancy of 104.8% compared to 104.7%.