American Queen Voyages is up for sale with parent Hornblower Group getting a new majority owner, Strategic Value Partners, a global alternative investment firm.
Global Ports Holding's San Juan Cruise Port subsidiary, a public-private partnership, raised $187m through a bond issue to begin the first phase of its development.
Higher occupancy and significantly higher average rates for cruises contributed to TUI Group's first quarter record €4.3b revenue and positive underlying EBIT of €6m.
In a note William Blair & Co. addressed why Royal Caribbean stock failed to react on Thursday to the company's better than expected profit and outlook.
With Icon of the Seas' metrics two to three times above other Royal Caribbean first-in-class launches, why not aim for higher than moderate yield growth and accelerate orders for this new series?
Strong close-in demand drove a higher than expected fourth quarter profit for Royal Caribbean Group, which forecasts a 40% earnings spike in 2024 and expects to meet two 'Trifecta' goals a year earlier than expected.