Royal Caribbean Group Stock Price, News & Analysis

Royal Caribbean Group (NYSE: RCL) has announced exchange agreements with certain holders of its 6.000% Convertible Senior Notes due 2025. The exchange involves approximately $200 million of outstanding principal amount, which will be exchanged for a combination of cash and company common stock.

The Exchange Consideration will be determined based on the volume-weighted average stock price during a one-day averaging period starting March 13, 2025. The cash portion will cover the par amount of the notes being repurchased, funded through existing liquidity. After the exchange, about $123 million in aggregate principal amount of the 2025 Notes will remain outstanding.

The transactions are expected to close on March 18, 2025, and will reduce the Company's weighted average shares outstanding on a fully diluted basis.

Celebrity Cruises has opened bookings for its 2027 Galapagos expeditions aboard the Celebrity Flora, a 100-passenger mega-yacht. The cruise line offers 7, 10, 11, or 16-night all-inclusive itineraries featuring unique experiences like glamping under the stars, snorkeling with sea lions, and guided tours with giant tortoises.

The company is celebrating 10 years of its 'Rewilding Galapagos' conservation project, conducted in partnership with the Galapagos National Park since 2014. The initiative has successfully planted over 85,000 endemic plant species, restoring more than 60 acres of natural habitats. Celebrity Cruises is the exclusive tour operator partnering with the Park for this reforestation effort.

Through May 1, 2025, travelers can receive 50% off for the second guest in their stateroom, plus complimentary airfare (up to $750 per person) from the US or Canada when booking with Flights by Celebrity.

Royal Caribbean has expanded its Artist Discovery Program to The Bahamas, specifically for the upcoming Royal Beach Club Paradise Island. The initiative seeks local musicians, performers, visual artists, and sculptors to showcase Bahamian culture through various art forms.

The program will feature large-scale murals, dance performances, live music, and sculptures throughout designated 'art districts' at the beach club, aiming to create an immersive cultural experience. Artists living in The Bahamas can submit applications until March 28, 2025, with first-round selections announced in April and final selections in May.

Selected artworks will be installed by July 2025, with a grand unveiling planned for December 2025 when the Royal Beach Club Paradise Island opens. The beach club represents a public-private partnership with The Bahamas, combining local culture, food, and staff with Royal Caribbean's signature experience.

Royal Caribbean Group (NYSE: RCL) has unveiled the 'Perfecta Program', a new three-year financial initiative targeting ambitious growth through 2027. The program aims for a 20% compound annual growth rate in Adjusted Earnings per Share compared to 2024 and Return on Invested Capital in the high teens.

Building on the success of their previous Trifecta Program, which achieved its goals 18 months ahead of schedule, Perfecta focuses on moderate capacity growth, yield growth, and strong cost control. The company plans to expand through new ships and private destinations, including Star of the Seas, Legend of the Seas, a fourth Icon Class ship, Celebrity Xcel, Perfect Day Mexico, and two Royal Beach Clubs in Nassau and Cozumel.

The initiative emphasizes maintaining a target leverage ratio below 3.0x while committing to reducing carbon intensity by 15% or greater compared to 2024. RCL plans to implement strategic investments, competitive dividends, and opportunistic share repurchases while maintaining investment grade balance sheet metrics.

Royal Caribbean has unveiled its 2026-27 short Caribbean getaway lineup, featuring 11 ships offering 2- to 5-night vacations. The program is headlined by four Oasis Class vessels - Utopia, Wonder, Harmony, and Oasis - operating from Florida ports.

The itineraries include visits to Perfect Day at CocoCay in The Bahamas and the exclusive beach destination in Labadee, Haiti. New additions include the Royal Beach Club Collection, with Royal Beach Club Paradise Island opening December 2025 and Royal Beach Club Cozumel debuting late 2026.

Ships will operate from various homeports including Port Canaveral, Miami, Fort Lauderdale, Galveston, and Tampa, offering year-round and seasonal sailings. Destinations span the Eastern and Western Caribbean, featuring stops at popular ports like Puerto Plata, Basseterre, Cabo San Lucas, and more.

Royal Caribbean Group (NYSE: RCL) has begun implementing its previously announced $1.0 billion share repurchase program. The company has already completed $100 million worth of share purchases through open market transactions. This initiative, which was disclosed last week, represents a significant capital allocation decision by the cruise line operator.

Royal Caribbean has announced its third Icon Class ship, Legend of the Seas, set to debut in July 2026. The vessel will initially offer 7-night Western Mediterranean cruises from Barcelona, followed by year-round Caribbean sailings from Fort Lauderdale starting November 2026.

The ship will feature eight neighborhoods with over 40 dining and drinking venues, including attractions like Crown's Edge (a combination skywalk, ropes course, and thrill ride) and Category 6, the largest waterpark at sea. The vessel will offer seven pools, including Royal Bay (the largest pool at sea), Swim & Tonic swim-up bar, and an adults-only infinity pool.

Legend of the Seas will be the company's fourth LNG-powered vessel, advancing Royal Caribbean's goal of introducing a net-zero cruise ship by 2035. Caribbean itineraries will include 6-night Western Caribbean and 8-night Southern Caribbean voyages, with stops at Perfect Day at CocoCay.

Royal Caribbean Group (NYSE: RCL) has announced two significant shareholder-focused initiatives. The company declared a quarterly dividend of $0.75 per common share, representing a 36% increase, payable on April 4, 2025, to shareholders of record as of March 7, 2025.

Additionally, RCL's Board of Directors approved a $1 billion share repurchase program to be executed over the next twelve months. CEO Jason Liberty highlighted that nearly $500 million in dividends have been paid or declared in the past four months, attributing these shareholder-friendly actions to the company's strong performance and robust balance sheet position.

Celebrity Cruises has unveiled 'The Bazaar,' a revolutionary multi-level space debuting on Celebrity Xcel. This transformational venue blends four unique Caribbean destination-inspired festivals with entertainment, culinary experiences, and activities to extend guests' shore experience while on board.

The three-story space features the Market at The Bazaar, showcasing local artisans and crafts, and new dining concepts including Mosaic, an open kitchen serving region-inspired dishes, and Spice, a casual dining venue. The ship will also introduce Celebrity's first destination-inspired cooking school, Chef's Studio at Mosaic.

Celebrity Xcel will sail seven-night itineraries from Fort Lauderdale, visiting various Caribbean destinations, before heading to Europe in Summer 2026 for Mediterranean voyages. The Bazaar will adapt its festivals and experiences to reflect Mediterranean destinations during European sailings.