DIRS.INFO The most relevant business & tech news

☆ Royal Caribbean CEO: Consumer doing exceptionally well, demand is strong and accelerating
▼ + stars: | 2024-04-25 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRoyal Caribbean CEO: Consumer doing exceptionally well, demand is strong and acceleratingJason Liberty, Royal Caribbean CEO, joins 'Money Movers' to discuss what's driving the company's demand, what's allowing the company to raise prices, and the return on investment for private islands.

Persons: Jason Liberty Organizations: Royal Caribbean, Royal Locations: Royal Caribbean

☆ Cruise lines' private islands are having a renaissance. These are the 3 reasons they need it now more than ever before.
▼ + stars: | 2024-03-23 | by ( Brittany Chang | ) www.businessinsider.com time to read: +8 min

To cruise lines, they're cash cows. Related storiesThese are the three reasons cruise-run private destinations have become so important. Amid rising fuel costs, it's easy to see why cruise lines would want to plan more itineraries around these nearby stops. Private destinations keep profits in-houseThe bar had two halves: one on land and the other at pool level. And because there's no need to rely on other excursion operators, they allow cruise lines to keep more profits in-house.

Persons: —, Patrick Scholes, Michael Bayley, Naftali Holtz, it's, Scholes, wouldn't, Linken D'Souza, Brittany Chang, Josh Weinstein, Jason Liberty, Simone Padovani, CHANDAN KHANNA, They're Organizations: Service, Royal, Business, Truist Securities, Disney Cruise Line, Disney Cruise, Holland America, MSC, Royal Caribbean International, Royal Caribbean Group, Beach, cabanas, Carnival Corp, Private, Hideaway, Disney, Key, Getty Locations: Miami, Bahamas, CocoCay, Caribbean, Honduras, Belize, Eleuthera, Cay, Holland, Royal Caribbean, Paradise, Nassau, Florida, cabanas, Royal, Orlando, Venice, Italy's Giudecca, Santorini, Greece, Key West , Florida, California, Alaska , Maine, Europe, Juneau , Alaska, French Polynesia, Italy

☆ Royal Caribbean's CEO said its massive new ship was designed for Instagram. I saw 9 things on board that make it a social-media sensation.
▼ + stars: | 2024-02-22 | by ( Brittany Chang | ) www.businessinsider.com time to read: +1 min

Royal Caribbean Group's CEO said its new Icon of the Seas was designed to have "Instagrammable moments." Guests' social media posts create "FOMO" that helps drive bookings, he said. I sailed on the new mega-ship in January and saw just how social media-friendly the mega-ship was. If you've been jealous of all the cruisers sailing on Royal Caribbean's new, wildly popular Icon of the Seas ship, you're not alone. In fact, Jason Liberty, Royal Caribbean Group's president and CEO, said the new mega-ship was built to do just that: Create a sense of FOMO — or the "fear of missing out."

Persons: you've, Jason Liberty, Liberty Organizations: Caribbean, Royal Locations: Royal Caribbean

☆ Royal Caribbean CEO Jason Liberty on Q4 earnings
▼ + stars: | 2024-02-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRoyal Caribbean CEO Jason Liberty on Q4 earningsRoyal Caribbean CEO Jason Liberty joins 'Money Movers' to discuss the company's quarterly earnings results, how consumer trends have changed post-Covid, and where the cruise company is drawing customers from.

Persons: Jason Liberty Organizations: Royal

☆ Royal Caribbean's cruises have never been this popular. Good luck booking one of it's giant ships.
▼ + stars: | 2024-02-01 | by ( Brittany Chang | ) www.businessinsider.com time to read: +2 min

Royal Caribbean Group has half the number of available cabins right now than the same time in 2023. AdvertisementGood luck booking your dream Royal Caribbean vacation this year — the cruise line's giant ships are running low on cabins amid a spike in demand. Trade group Cruise Lines International Association estimates 36 million travelers will cruise in 2024 — a 14% increase from 2023. Cruise ships like the Icon of the Seas will spend the majority of their trip at sea. Royal Caribbean isn't the only cruise giant starting 2024 with exceptionally busy ships.

Persons: —, Brittany Chang, you've, Jason Liberty, Pieter De Boer, Josh Weinstein Organizations: Royal Caribbean Group, Service, Trade, Cruise Lines International, Cruise, Cruise Line Holdings, Carnival Locations: Caribbean, Brittany, Royal Caribbean

☆ 'Biggest, baddest ship on the planet': World's largest cruise ship stokes environmental concerns
▼ + stars: | 2024-01-29 | by ( Sam Meredith | ) www.cnbc.com time to read: +1 min

Royal Caribbean's Icon of the Seas, the world's largest cruise ship, heads to the dock during its first arrival into PortMiami on Jan. 10, 2024. The world's largest cruise ship set sail from Miami, Florida over the weekend, embarking on a seven-day island-hopping trip through the tropics for its maiden commercial voyage. Onlookers gathered Saturday as Royal Caribbean International's behemoth — named the Icon of the Seas — left the Port of Miami to great fanfare. At a briefing earlier in the month, Royal Caribbean Group CEO Jason Liberty described the Icon of the Seas as the "biggest, baddest ship on the planet." The launch of the giant floating resort has sparked renewed concerns about the environmental impact of cruise tourism.

Persons: —, Jason Liberty Organizations: Port, Royal Caribbean Locations: PortMiami, Miami , Florida, Caribbean, Port of Miami

☆ Messi's new Inter Miami soccer jersey replaces crypto firm logo with cruise operator icon
▼ + stars: | 2024-01-25 | by ( Sam Meredith | ) www.cnbc.com time to read: +1 min

Benjamin Cremaschi #30, Lionel Messi #10 and Luis Suarez #9 of Inter Miami CF unveil new jerseys during the Royal Carribean & Inter Miami CF Launch Event on January 23, 2024 in Miami, Florida. Argentinian superstar Lionel Messi and his teammates at Major League Soccer's Inter Miami will wear the icon of Royal Caribbean International on their jerseys for the upcoming campaign, replacing crypto investment firm XBTO as the club's main sponsor. In a statement published Tuesday, Royal Caribbean International announced it would soon "make its mark front and center" on the Inter Miami's team's soccer jerseys. The sponsorship deal is likely seeking to harness Messi's popularity ahead of the eight-time Ballon d'Or winner's second season at Inter Miami. Alongside partnering with Hard Rock International for a "Milanese style" chicken sandwich, Messi recently helped Royal Caribbean International to launch its enormous "Icon of the Seas" ship.

Persons: Benjamin Cremaschi, Lionel Messi, Luis Suarez, Jason Liberty, Messi Organizations: Inter Miami CF, Royal, Inter Miami, Major League Soccer's Inter Miami, Royal Caribbean International, Inter Miami's, Royal Caribbean Group, Hard, International Locations: Miami , Florida, Florida, South Florida

Travelers are looking to cruises in 2024 because they are still cheaper than land-based alternatives. With occupancy levels approaching pre-pandemic levels, operators plan to hike prices in coming months. "Overall the market is extremely strong, especially the top end of the market in terms of the most high-end luxury cruises," said Bob Levinstein, CEO of cruise marketplace Cruise Compete. Even as travelers have canceled or postponed planned vacations to the Middle East, cruise bookings will still hit record levels in 2024, said Truist Securities analyst Patrick Scholes. Prior to the Oct. 7 attacks in Israel, industry-wide bookings for 2024 were about 25% higher than in 2019 for bookings in 2020.

Persons: Queen Mary, Andrew Kelly, Bob Levinstein, Patrick Scholes, Scholes, Jason Liberty, Josh Weinstein, Atle, Kari Dillon, Dillon, InteleTravel, Dave Spinelli, Ben Harrell, Granth, Marguerita Choy Organizations: Cunard Line, Carnival Corporation & plc, Brooklyn Cruise, REUTERS, Travelers, Truist Securities, Cruise Lines International Association, Royal Caribbean, Liberty ., Holdings, Cruisers, Thomson Locations: Brooklyn, Brooklyn , New York City, U.S, BENGALURU, Israel, Caribbean, Oslo, North Carolina, Florida, InteleTravel, Delray Beach , Florida, Royal Caribbean, Bengaluru, Doyinsola, New York

☆ Icon of the Seas: World’s biggest cruise ship delivered to Royal Caribbean
▼ + stars: | 2023-11-28 | by ( Karla Cripps | ) edition.cnn.com time to read: +4 min

CNN —The world’s biggest cruise ship is now in the hands of its new owner, with Royal Caribbean accepting delivery of the 1,198-foot Icon of the Seas this week. Royal Caribbean says Icon of the Seas is the cruise line’s first ship that can be powered by liquefied natural gas and will have the first waste-to-energy plant at sea. “Images of Royal Caribbean’s ships have often elicited strong responses,” cruise expert Stewart Chiron told CNN Travel when questioned about the reaction in August. The current “world’s largest cruise ship” title holder is another vessel in the Royal Caribbean fleet, Wonder of the Seas, which made its inaugural voyage in 2022. Slightly smaller than Icon of the Seas, it stretches 1,188 feet in length and has 18 decks to explore.

Persons: That’s, it’s, ”, Jason Liberty, Stewart Chiron, “, Jacopo Prisco Organizations: CNN, Royal, Meyer, Royal Caribbean Group, CNN Travel, Royal Caribbean Locations: Royal Caribbean, Meyer Turku, Turku, Finland, Miami , Florida, Caribbean, “, Cadiz, Spain, Florida, –

“I have been consistently surprised at the resilience of consumer spending,” Christopher Waller, an influential member of the Fed’s board, said in a speech this month. “The acceleration of consumer spending on experiences (has) propelled us towards another outstanding quarter,” said CEO Jason Liberty. Wealthier households, in particular, have enjoyed substantial growth in home values and stock portfolios, which are likely juicing their spending. Spending on the bank's credit and debit cards by households with incomes below $50,000 has risen faster than spending by higher-earning clients. “Consumer spending across all segments from high to low has remained stable since March."

Persons: —, they've, ” Christopher Waller, ”, Jason Liberty, “, Tim Duy, they're, Julia Pollak, Sarah Wolfe, Morgan Stanley, Small, Bret Csencsitz, Aditya Bhave, Valerie Zaffina, Zaffina, Bhave, Biden, Christopher Suh, ___ Organizations: WASHINGTON, U.S, Federal Reserve, Royal Caribbean Group, Travelers, ZipRecruiter, Fed, Gotham, Bank of America, Visa Locations: U.S, New York City, COVID, Ramsey , New Jersey, I’m, Washington, New York

☆ The Israel-Hamas war is affecting the financial outlooks of these large companies
▼ + stars: | 2023-10-28 | by ( Alex Harring | ) www.cnbc.com time to read: +6 min

Aris Messinis | AFP | Getty ImagesSome of the world's most well-known companies are already seeing the Israel-Hamas war weighing on operations. On Oct. 7, militant group Hamas struck Israeli towns in a surprise attack and took more than 200 hostages. Corporations that do business or have operations in the region have already begun seeing the war change their financial outlooks as the unrest weighs on everything from advertising dollars to tourism to supply chains. Technology companies were among those seeing the conflict affect the workforce, advertising spending and supply chains. Snap said in its latest earnings release that it saw pauses in spending from a "large number of primarily brand-oriented advertising campaigns" immediately after the war began.

Persons: Aris Messinis, Scott Kirby, El Al, Jason Liberty, Liberty, we're, Susan Li, Li, We've, John Morici Organizations: Hamas, AFP, Getty, Israeli Defense Forces, Corporations, United Airlines, Delta Air Lines, American Airlines, Boeing, Royal, Israel, El Al Airlines, Nurphoto, U.S . Department of State, Technology, Facebook, West Pharmaceutical Locations: Haifa, Cyprus, Israel, Palestinian, Gaza, Tel Aviv, Royal Caribbean, Ukraine

☆ Lobster dinners, luxury goods, and go karting: everyday travelers are splashing out on their cruises
▼ + stars: | 2023-10-28 | by ( Brittany Chang | ) www.businessinsider.com time to read: +6 min

Onboard spending jumped from an average of $66 a day to $81 a day from the second quarter of 2019 to the same time in 2023. AdvertisementAdvertisementFrom WiFi to fancy dinners to go-karting at sea , cruise travelers have been spending big at sea. In the third quarter of 2021, Arnold Donald, the former president and CEO of Carnival Corp, was already noting "off the charts" onboard spend . Amid the influx of ultra-cheap cruises , onboard spend caught up to and surpassed 2019 levels before fares did. "It's a longer sales cycle that helps build that overall onboard revenue product," Mark Kempa, Norwegian's executive vice president and CFO, said during the call.

Persons: —, Arnold Donald, it's, Holland America —, Robin Farley, Patrick Scholes, Brittany Chang, Harry Sommer, Sommer, Mark Kempa, Jason Liberty, Liberty, Scholes, We're, couldn't Organizations: Service, Carnival Corp, Holland America, UBS, Truist Securities, Farley Travelers, Royal, Norwegian Cruise Line Holdings, Royal Caribbean Group, MSC, Cartier, Rolex Locations: Royal Caribbean, CocoCay, Norwegian

☆ Cruise prices are way up as operators meet surging travel demand
▼ + stars: | 2023-10-09 | by ( Laya Neelakandan | ) www.cnbc.com time to read: +1 min

As vacationers emerge into a post-pandemic travel world, cruises have made a spectacular comeback — and ticket prices are surging. Cruise operators such as Carnival and Royal Caribbean Cruises are setting some ticket prices higher than pre-pandemic levels and are indicating they may raise them further, even as they post pre-Covid profits. Compared to 2019, before the Covid-19 pandemic decimated the cruising industry, December ticket prices are up 43%. The company's booking volumes likewise hit an all-time high, pushing cruise occupancy and revenue beyond 2019 levels, he said. Royal Caribbean CEO Jason Liberty echoed the sentiment, saying on that company's post-earnings call in July that his company is also considering increasing prices to meet the surge in demand.

Persons: Josh Weinstein, Jason Liberty Organizations: Royal Caribbean Cruises, Cruise, Tripadvisor, Wall, Carnival, CNBC, Royal Locations: Caribbean, Royal Caribbean

The logo of the company Royal Caribbean is seen on the 'Wonder of the Seas' cruise ship, the world’s largest cruise ship, docked at a port in Malaga, southern Spain, April 30, 2022. Cruise operators lowered prices to lure passengers onboard following the pandemic, banking on onboard spending that has now reached record levels. Onboard spending in the second quarter rose 49.9% for Norwegian Cruise Lines (NCLH.N), compared with the same period in 2019, before the pandemic. Onboard spending rose about 36.8% for Royal Caribbean Cruises and 17.2% for Carnival in the same period. Carnival and Royal Caribbean said the percentage of guests who were new to cruising surpassed 2019 levels.

Persons: Jon Nazca, Patrick Scholes, Josh Weinstein, Bob Levinstein, Cruise, Carnival's Weinstein, Jason Liberty, Brandt Montour, Granth, Anil D'Silva Organizations: Royal, REUTERS, Royal Caribbean Cruises, Carnival Corp, Carnival, Cruise, Norwegian Cruise Lines, DISNEY WORLD, Walt Disney, Custom Travel, Reuters Graphics, Cruise Lines International, . Carnival, Barclays, Thomson Locations: Royal Caribbean, Malaga, Spain, U.S, Caribbean, Orlando , Florida, They've, Bengaluru, Doyinsola, New York

July 27 (Reuters) - Royal Caribbean Group (RCL.N) raised its full-year profit forecast on Thursday, betting on higher ticket prices and resilient demand for leisure travel from affluent customers, sending shares surging. Royal Caribbean's shares were up 8.1% at $109.01 in premarket trading as it also forecast third-quarter adjusted profit above estimates. The company expects an adjusted profit between $3.38 and $3.48 per share in the third quarter, compared with estimates of $2.89 per share. Royal Caribbean expects annual adjusted profit between $6.00 and $6.20 per share, compared with its earlier forecast of $4.40 to $4.80 per share. Shares of rival operators Carnival Corp and Norwegian Cruise Line Holdings rallied in tandem following Royal Caribbean's results, gaining 5.2% and 4.7%, respectively.

Persons: Caribbean's, Jason Liberty, Granth, Shounak Dasgupta Organizations: Royal Caribbean Group, Royal Caribbean, Carnival Corp, Cruise Line Holdings, Thomson Locations: Royal Caribbean, Bengaluru

☆ Royal Caribbean CEO: Cruise bookings are substantially higher than pre-Covid
▼ + stars: | 2023-07-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRoyal Caribbean CEO: Cruise bookings are substantially higher than pre-CovidRoyal Caribbean CEO Jason Liberty and CNBC's Seema Mody join 'The Exchange' to discuss the rebound in cruise line bookings, the value gap between cruises and land-based travel, and capitalizing on onboard spending habits.

Persons: Jason Liberty, CNBC's Seema Mody Organizations: Royal Caribbean, Covid Royal Locations: Covid Royal Caribbean

☆ Cruise stocks soar as industry rebounds. Here's what analysts expect to happen next
▼ + stars: | 2023-06-14 | by ( Michelle Fox | ) www.cnbc.com time to read: +9 min

Carnival and Norwegian Cruise Line hit 52-week highs Wednesday, while Royal Caribbean did so Tuesday. RCL YTD mountain Royal Caribbean year to date For Farley, Royal Caribbean stands out because it has about 64% of its cruises in the Caribbean, a strong market. Investors now may be waiting to see if there will be more price target increases from analysts after the latest run up. Royal Caribbean has 3% downside to the average analyst price target of $92.77 as of Tuesday's close, per FactSet. Carnival has 21% downside to its average price target of $12.11, and Norwegian has 15% downside to its $16.60 average price target.

Persons: It's, Jason Liberty, Patrick Scholes, Robin Farley, Matthew Boss, Bank of America's Andrew Didora, Josh, Didora, Farley, Truist's Scholes, James Hardiman, Greg Badishkanian, Scholes, Managements, Boss, CNBC's Michael Bloom, Josh Weinstein Organizations: shutdowns, Wall Street, Cruise Line, Royal, CNBC, Royal Caribbean, JPMorgan Chase, Bank of America, CCL, Bank of America's, UBS, Argus Research, Citi, Wolfe Research, JPMorgan, Investors Locations: Royal Caribbean, U.S, Miami, Tuesday's, Caribbean, Norwegian

☆ Royal Caribbean CEO on stress in banking sector, cruise demand and company earnings
▼ + stars: | 2023-05-04 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRoyal Caribbean CEO on stress in banking sector, cruise demand and company earningsJason Liberty, Royal Caribbean CEO, joins 'The Exchange' to discuss company earnings as the stock sees a jump in shares, cruising demand and the banking sector.

☆ Royal Caribbean's CEO made over $10 million in 2022 — 705 times more than company's median worker
▼ + stars: | 2023-04-27 | by ( Hannah Towey | ) www.businessinsider.com time to read: +3 min

Royal Caribbean Group CEO Jason Liberty made $10.76 million in 2022, regulatory filings show. Meanwhile, crew members onboard Royal Caribbean's ships made a median annual wage of $15,264. Royal Caribbean Group's CEO Jason Liberty made over $10 million in 2022, approximately 705 times the median annual wage of the cruise giant's shipboard crew members, regulatory filings show. Meanwhile, crew members working onboard Royal Caribbean's ships took home a median yearly salary of $15,264 in 2022, according to the company's estimates. On a single cruise ship, crew members may represent over 100 countries around the world.

☆ Royal Caribbean CEO on inflation, pricing power, health of the consumer and company outlook
▼ + stars: | 2023-02-07 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRoyal Caribbean CEO on inflation, pricing power, health of the consumer and company outlookCNBC's Seema Mody and Jason Liberty, Royal Caribbean CEO, join 'The Exchange' to discuss the state of the traveling consumer, inflation and pricing power.

☆ Watch CNBC's full interview with Royal Caribbean CEO Jason Liberty
▼ + stars: | 2022-11-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Royal Caribbean CEO Jason LibertyJason Liberty, CEO of Royal Caribbean, joins CNBC's 'Squawk Box' to discuss whether pent-up demand for travel will continue into 2023. Liberty also discusses how the cruise ship company is enticing workers in a tight labor market and more.

☆ Royal Caribbean CEO: Travel volume and pricing have returned to pre-pandemic levels
▼ + stars: | 2022-11-16 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRoyal Caribbean CEO: Travel volume and pricing have returned to pre-pandemic levelsJason Liberty, CEO of Royal Caribbean, joins CNBC's 'Squawk Box' to discuss whether pent-up demand for travel will continue into 2023.

☆ What Cramer is watching Wednesday — retail sales strong, Lowe's delivers, Estee Lauder love
▼ + stars: | 2022-11-16 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Revenue: $26.52 billion versus $26.38 billion expected. Revenue: $23.48 billion versus $23.13 billion expected. Oppenheimer raises Club holding Estee Lauder (EL) price target to $245 per share $230. Bofa also likes the deal and thinks it will give Estee Lauder $800 million to $1 billion in sales. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Royal Caribbean CEO on strong travel demand, higher costs and booking trends
▼ + stars: | 2022-11-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRoyal Caribbean CEO on strong travel demand, higher costs and booking trendsCNBC's Seema Mody joins 'The Exchange' with Jason Liberty, Royal Caribbean CEO, to discuss travel demand, booking trends, outlook and the cruise industry.

Search resuls for: "Jason Liberty"

24 mentions found