Royal Caribbean Cruises Ltd
- Industry
- Hotels & Lodging
- Exchange
- US
- Country
- USA
- IPO date
- Apr 28, 1993
- Employees
- 107,950
- Website
- www.rclinvestor.com
Composite valuation range · conservative $180–$210 / fair $240–$280 / optimistic $320–$360. At $305.04, Between the fair and optimistic ranges.
At publication $256.1 (May 26, 2026)
Data from EODHD, shown in the reporting currency; for reference only, not investment advice.
Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Silversea Cruises brands, which comprise a range of itineraries. As of December 31, 2025, it operated 69 ships. Royal Caribbean Cruises Ltd. was founded in 1968 and is headquartered in Miami, Florida.
History
Royal Caribbean Cruises Ltd. was founded in 1968 and is headquartered in Miami, Florida. The company completed its IPO on April 28, 1993. It operates cruises under three owned brands—Royal Caribbean International, Celebrity Cruises, and Silversea Cruises—and also holds a 50% interest in the TUI Cruises joint venture. In 2025 it completed a transaction for the Costa Maya port assets and continued advancing private destinations, river cruises, and new-ship orders. As of December 31, 2025, the group operated 69 ships.
Industry position
Royal Caribbean is a global cruise operator. As of year-end 2025 the group operated 69 ships with about 179,700 berths, serving itineraries across more than 1,000 destinations in over 120 countries, and its loyalty programs had over 28 million registered members. The Royal Caribbean brand is described as the world's largest cruise vacation brand, with 29 ships and about 111,000 berths. In 2025 passenger ticket revenue was 69.8% of total revenue and onboard and other revenue was 30.2%; full-year revenue was USD 17.935 billion. Among listed peers, Carnival described itself as the largest global cruise company, while NCLH operated 34 ships at year-end 2025.