Royal Caribbean Group – company profile


The Royal Caribbean Group is the parent company of the world's second largest cruise company, which operates 65 ships under several brand names. The company, listed on the New York Stock Exchange, was founded in 1997. Legal domicile is Monrovia/Liberia. Operationally, the group is managed from Miami/Florida. The group's ships call at more than 800 destinations on all seven continents.

Corporate headquarters of the Royal Caribbean Group in Miami/Fl.

Corporate headquarters of the Royal Caribbean Group in Miami/Fl.

RCG brands

As of October 2022, three brands are operating under the umbrella of the Royal Caribbean Group:

Royal Caribbean International

upper middle class

26 ships

Celebrity Cruises

Premium class and expedition ships

16 ships

Silversea cruises

Luxury class and expedition ships

11 ships

 According to the annual report of December 31, 2021, twelve new buildings had been commissioned.

Adventure of the Seas at Fort Lauderdale
Celebrity Reflection in the roadstead
Celebrity Summit in Portland
Silver Whisper in Bridgetown Harbor / Barbados


Relevant holdings

The Royal Caribbean Group has been part of the German cruise line since 2007 TUI Cruises 50 percent stake. There are currently seven ships operating under the umbrella of TUI Cruises. To be added are the five luxury and expedition ships in the Hapag Lloyd Cruises fleet, which were affiliated with TUI Cruises in 2020.

Mein Schiff 2 in the port of Puerto del Rosario

Mein Schiff 2 in the port of Puerto del Rosario

Positioned in the luxury segment, Silversea Cruises currently has eleven luxury and expedition cruise ships. Silversea Cruises was acquired in 2018.

Silver Spirit in front of Dubrovnik

Silver Spirit before Dubrovnik

Another investment company is the Spanish charter airline Wamos Air. A minority stake (49 percent) in the Spanish cruise line Pullmantur Cruises ended in 2020 with the company's insolvency. In the meantime, the Azamara brand was part of the company's portfolio. Azamara was sold to New York venture capital firm Sycamore Partners in 2021.

Development of the Royal Caribbean Group

The nucleus of the Royal Caribbean Group was Royal Caribbean Cruise Line (RCCL), founded by Norwegian entrepreneurs in 1968.. The purpose of the company was cruises in the Caribbean. In 1988, RCCL acquired Florida-based Admiral Cruises. In addition to ships, investments were made in resorts in Haiti (Labadee) and the Bahamas (Coco Cay) in 1986 and 1990 with foresight. In these private resorts, ship guests are entertained and looked after for good money.

The attempt to take over P&O Princess Cruises with several sub-companies in 2003 failed. Carnival offered a higher price for the then ailing group of companies. Successful takeovers later included the acquisition of Celebrity Cruises (1997), Pullmantur Cruceros and CDF Crosières de France. The company, originally a subsidiary of Pullmantur, has been placed inactive.

Freedom of the Seas in Willemstad / Curaçao

Freedom of the Seas in Willemstad / Curaçao

Royal Caribbean stands for the largest cruise lines in the world

The Royal Caribbean Group designed and built cruise ships of unprecedented size. In 2009 the 362 meter long "Oasis of the Seas" was put into service. As a result, four more ships of this class were taken over. A sixth ship is under construction. The ships are indisputably the largest cruise ships in the world.

Oasis of the Seas in the port of Palma de Mallorca

Oasis of the Seas in the port of Palma de Mallorca

Important business figures

In 2018, more than six million passengers were transported on ships belonging to the Royal Caribbean Group. Revenue increased from $2010 billion to $2018 billion between 6,7 and 9,5. Revenue of $2019 billion was expected for fiscal 10,8. The disruption to growth-oriented business operations as a result of the COVID-19 pandemic has had a major impact on business figures. Before Corona, more than 60.000 people worked for the company.

Update October 2022