![]() In July 2022, Royal Caribbean Group received court approval to purchase Endeavor, a former Crystal Cruise ship, for $275 million. ![]() Royal Caribbean sold Azamara Cruises to Sycamore Partners in March 2021 for $201 million. That same month, it also changed its name to Royal Caribbean Group. On July 10, 2020, Royal Caribbean Cruises purchased the remaining shares of Silversea Cruises. The only known destination that the company is to develop is the Grand Lucayan Resort, located in Freeport after the hotel campus was sold to newly formed subsidiary by the Bahamian Government. In early 2019, Royal Caribbean announced in a joint venture with ITM Group the formation of Holistica, a company that intends to develop cruise destinations. In October 2008, Royal Caribbean Cruises rationalized their holdings by selling their share of Island Cruises to TUI. TUI Cruises's subsidiary, TUI Travel, had a 50% interest in Island Cruises following their merger with First Choice Holidays in 2007. Royal Caribbean also has an interest in TUI Cruises, a joint venture with TUI AG, which began operations in 2009 aimed at a German-speaking market. It followed this with the formation of CDF Croisières de France in May 2008 to serve the French-language market. From there, the company expanded rapidly with the creation of Azamara Cruises in May 2007 as a subsidiary of Celebrity Cruises. In November 2006, Royal Caribbean Cruises purchased Pullmantur Cruises based in Madrid, Spain. Island Cruises became an informal cruise line on the British and Brazilian markets. Ī third brand under Royal Caribbean Cruises ownership was formed in 2000 when Island Cruises was created as a joint venture with First Choice Holidays. was established as the new parent company of both Royal Caribbean International and Celebrity Cruises. The decision was made to keep the two cruise line brands separate following the merger as a result Royal Caribbean Cruise Line was re-branded Royal Caribbean International and Royal Caribbean Cruises Ltd. in 1997 when Royal Caribbean Cruise Line purchased Celebrity Cruises. Royal Caribbean Group was formed as Royal Caribbean Cruises Ltd. They hold a 50% stake in TUI Cruises and Hapag-Lloyd Cruises, also the now-defunct Pullmantur Cruises and CDF Croisières de France. As of January 2021, Royal Caribbean Group fully owns three cruise lines: Royal Caribbean International, Celebrity Cruises, and Silversea Cruises. It is the world's second-largest cruise line operator, after Carnival Corporation & plc. Royal Caribbean Group, formerly known as Royal Caribbean Cruises Ltd., is a global cruise holding company incorporated in Liberia and based in Miami, Florida.
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