Seatrade Cruise News is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

UBS sees more RCL China additions, including for SkySea brand

UBS sees more RCL China additions, including for SkySea brand

Royal Caribbean Cruises Ltd. hasn't announced more ships for China beyond Ovation of the Seas on a seasonal basis in 2016. Carnival Corp. & plc and Norwegian Cruise Line Holdings have already disclosed plans for 2017 and beyond.

In a note following analyst meetings on Anthem of the Seas during the ship's stateside inaugural, UBS said it sounds like RCL has more China plans but isn't ready to announce them yet.

Analyst Robin Farley noted RCL plans to add more capacity to its SkySea joint venture with Ctrip. She doesn't expect a newbuild, though. Rather, Farley pointed out the company has other ships of the Celebrity Century vintage. That vessel now sails as Golden Era for SkySea.

Farley added that while she doesn't expect RCL to build for its joint venture SkySea Cruises yet, the company has other ships of the Celebrity Century vintage. The 1995-built Celebrity Century began sailing as Golden Era for SkySea in May.

Farley told investors it sounds like China pricing continues to be healthy and nicely ahead of RCL's average.

UBS reiterated its 'buy' rating for RCL and a price target of $100.

Shares opened at $99.14 on Friday.

Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish