Tag: $Royal Caribbean

Royal Caribbean has agreed to take a 50% equity stake in Sandals for $3 billion, the companies announced Wednesday. The deal values the Caribbean resort chain at $6 billion and is expected to boost growth for both companies.

Royal Caribbean beat earnings estimates in the second quarter and hiked its full-year guidance but the stock was falling more than 6% ahead of the open Tuesday.

Royal Caribbean boosted its annual profit forecast on Tuesday for the fourth time this year, driven by high demand for private destinations and cooler cruise travel spots, as well as multiple ticket price hikes.

Various cruise lines are altering some of their ships’ courses in the Caribbean as Hurricane Beryl storms through the region.