During Royal Caribbean’s earnings call yesterday the company announced a significant cost savings initiative that is expected to reduce spending by approximately $125 million annually.
“Too much of our profitability is being eroded by the increase in fuel prices. This is unacceptable and we are evaluating everything we do to find ways to do it more efficiently and effectively,” said Richard D. Fain, Chairman and Chief Executive Officer. “While our brands continue to attract premium prices even in this difficult environment, it is imperative that we find ways to reduce our costs.”
As part of the restructuring, the company announced it is eliminating approximately 400 shore-side positions. In addition, the company announced it had discontinued some non-core operations, including The Scholar Ship, an educational partnership aimed at college students studying aboard cruise ships. The company expects to incur charges related to this restructuring of approximately $15 million, or $0.07 per share, in the third quarter 2008.
(0) Comments (Leave a Comment)Filed under: Azamara Cruises, Celebrity Cruises, Royal Caribbean International Posted by Michael on 06/25/08
A little late this week - but we make up for it with a long show…
It was the news that held our attention this week-
Crystal announced that Serenity is getting more Penthouse Suites, they also announced their 2009 Value Collection sailings.
Royal Caribbean, Celebrity and Azamara are raising their fuel subsidies
Holland America has taken delivery of ms Eurodam.
However the stories that really had us talking were the “big” reveals from NCL on their entertainment options for the F3 Ships (summary- we’re not big fans) and Royal Caribbean on the new Neighborhoods and accomodations on Oasis of The Seas (summary- we’re cautiously optimistic).
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Filed under: Azamara Cruises, Celebrity Cruises, Crystal Cruises, Holland America Line, Norwegian Cruise Line, Podcast, Royal Caribbean International Posted by Michael on 06/21/08
Launching in late 2009, Oasis of the Seas will be the world’s largest and most revolutionary ship introducing the cruise line’s new neighborhood concept, which will provide vacationers with the opportunity to seek out relevant experiences based on their personal styles, preferences or moods. Boardwalk, will be a breathtaking space for families inspired by the nostalgic seaside piers of yesteryear; the first amphitheater at sea, AquaTheater, will celebrate water with the largest freshwater pool found on a ship offering a full spectrum of activities and performances for guests; and the urban living concept will take to the high seas with the introduction of industry-first loft suites offering expansive ocean views and luxury amenities. Enhancements to the cruise line’s signature Royal Promenade will include a new design allowing guests to have a physical connection with the neighborhood above, Central Park, as natural light cascades down from the sky through the Crystal Canopy sculptured glass domes. Other surprises include two rock-climbing walls and the first zip-line at sea suspended nine decks above Boardwalk.
The announcement of the new neighborhoods adds to the previously revealed neighborhood, Central Park, which was introduced in April. Reminiscent of the piers that dot the coast of England and amusement parks such as Coney Island, the elements of Boardwalk will dynamically engage the entire family in classic fun - whether young or just young at heart - with eateries, retail outlets and carnival games. An original, handcrafted carousel - the first at sea - will be the centerpiece of this vibrant neighborhood. AquaTheater, created to offer two unique experiences, will allow guests to swim in the theater’s magnificent kidney-shaped pool, relax on sun loungers located on tiered platforms surrounding the pool, and even take SCUBA lessons in the afternoon. At night, it will deliver a complete sensory experience playing on the element of surprise as audience members witness the venue come alive with heart-pounding theatrical performances featuring dramatic acrobatics, synchronized swimming, water ballet, and professional high-diving, as well as elaborate fountain shows synchronized to music and lights.
The introduction of 28 contemporary two-level loft suites will redefine cruise ship accommodations with vibrant, ocean-inspired colors in a sophisticated and spacious setting. Never before seen at sea, the lofts will feature spectacular views of the ocean with floor-to-ceiling, double-height windows to ensure the view will be enjoyed from each and every vantage point. The signature lofts will round out a new portfolio of 37 categories of accommodation options many with views unique to Oasis of the Seas.
Additions to Royal Promenade, the heart of the ship, will include a mezzanine level that overlooks the main promenade below. The Royal Promenade will be home to a vast array of shopping, dining and entertainment options including, the Rising Tide bar, the first moving bar at sea, which will traverse three decks and allow cruisers to enjoy a cocktail as they slowly ascend into Central Park. A focal point will be a giant copper globe sculpture built into the facade above the Globe and Atlas Pub, which will “crack open” to create a spectacular, surprise element for guests, as it unfurls on hinged hydraulics and becomes a bridge platform for performances. Other options include the cruise line’s popular Schooner Bar and Champagne Bar; the new Mondo Coffee Bar; Focus, a photo shop and gallery; and the ever-popular Boleros Latin dance club.
When she launches in late 2009, Oasis of the Seas will be the largest and most revolutionary cruise ship in the world. An architectural marvel at sea, she will span 16 decks, encompass 220,000 gross registered tons (GRT), carry 5,400 guests at double occupancy, and feature 2,700 staterooms
(0) Comments (Leave a Comment)Filed under: Royal Caribbean International Posted by Michael on 06/21/08
Royal Caribbean has announced seven-night Eastern and Western Caribbean itineraries for Oasis of The Seas’ inaugural year, with the inaugural voyage planned for December 12, 2009. Bookings for Oasis of the Seas will open September 3, 2008. The ship’s homeport is Port Everglades in Fort Lauderdale, Florida.
Oasis of the Seas will begin her inaugural season with 19 consecutive seven-night sailings to the Eastern Caribbean, with ports of call at Charlotte Amalie, St. Thomas; Philipsburg, St. Maarten; and Nassau, Bahamas. Starting May 1, 2010, Oasis of the Seas will alternate its Eastern Caribbean itinerary with the Western Caribbean itinerary, which will call at Labadee, Royal Caribbean’s private beach destination in Haiti; the new port of Falmouth, Jamaica; and Cozumel, Mexico.
Royal Caribbean has been working closely with the ports on the Oasis of the Seas itineraries to ensure the guest experience is seamless when the ship visits. The cruise line and St. Maarten will enhance the guest welcome facilities, while Cozumel’s pier will be widened. Approaches to the docks at St. Thomas, St. Maarten and Nassau also will be dredged.
Royal Caribbean is working in partnership with the Port Authority of Jamaica to complete the new Falmouth Cruise Pier by March 2010, as well as establish the associated infrastructure necessary to welcome cruise ship guests. A historically important 18th-century settlement, Falmouth was a colonial center of Jamaica’s sugar and fine rums industry. The town’s rich history and Georgian architecture has most recently drawn the attention of His Royal Highness The Prince of Wales, who has been a long time supporter of restoring historic buildings of Great Britain.
Royal Caribbean also is working with the government of Haiti to construct a pier at Labadee, the cruise line’s private beach destination. Additional plans are underway to expand guest offerings with an alpine coaster and fast-boat tours, among others, to complement Labadee’s stunning Dragon’s Breath Flight Line, which has proven to be one of the destination’s most popular attractions.
(0) Comments (Leave a Comment)Filed under: Royal Caribbean International Posted by Michael on 06/17/08
Royal Caribbean Cruises Ltd. is raising the fuel supplement for its brands.
For bookings made on or after June 30 for Royal Caribbean International and Celebrity Cruises, the amount is going to $10 per person, per day for the first and second person in a stateroom, to a maximum of $140 per person.
Additional passengers in a stateroom will pay $5 per person, per day, to a maximum of $70 each.
For Azamara Cruises, the amount is going to $15 per person, per day, applicable to the first two passengers in a stateroom only.
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