Net income was $3.2 billion or $11.80 per share and adjusted EBITDA was $6.0 billion.
Royal Caribbean announced the launch of Celebrity River Cruises, a new river cruise line that will begin accepting bookings this year, planning to begin operations in 2027.The expansion into river cruises is about offering more choices to customers, and giving its existing customer base a brand-friendly approach into a new way to cruise.
An initial order of 10 ships
The company has committed to an initial order of 10 ships: “We are thrilled to announce our entry into the river cruise market through our premium travel brand Celebrity Cruises. Our guests and travel partners should expect us to do what we do best: innovate and elevate the river cruise experience as we meet the growing demand for intimate, culturally enriching travel experiences,” said Jason Liberty, president and CEO of Royal Caribbean Group
Sophistication of our Edge Series ocean-going vessels
Added Laura Hodges Bethge, president of Celebrity Cruises: “Celebrity River Cruises will bring the quality and sophistication of our Edge Series ocean-going vessels to the most iconic rivers, starting in Europe
“A couple of ships”
“A couple of ships” will be ready for service sometime in 2027, and then we can expect an additional four ships each year to be ready.Each ship holds about 180 passengers.
The 10 river ships that Celebrity has ordered so far will be designed with their ocean going Edge Class ships in mind.
Celebrity Edge
It is noteworthy that the Edge Class ships are the latest class of ship design for the brand, and they’ve re-defined Celebrity in a lot of ways.
Having first debuted in 2018 with Celebrity Edge, they are stylish ships that incorporate modern technology, and a focus on immersive experiences. They are best known for its outward-facing design connects passengers more closely to the ocean.
2024 budget data
The announcement came in parallel with the communication of the 2024 budget data: “Total revenues were equal to 16.5 billion dollars, net profit was equal to 2.9 billion dollars or 10.94 dollars per share, adjusted net income was $3.2 billion or $11.80 per share and adjusted EBITDA was $6.0 billion.”
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