While we love visiting the theme parks, one of our favorite ways to get a relaxing vacation is by taking a cruise. And while we normally talk about Disney Cruise Line, today we need to discuss some major news involving Royal Caribbean Cruise Line.
©Royal Caribbean
It was just revealed that Royal Caribbean has bought a stake in the very popular Sandals Resorts.
According to CNBC, Royal Caribbean has officially agreed to take a 50% equity stake in Sandals, resulting in a three-billion-dollar deal.
©Royal Caribbean
This deal is “expected to boost growth for both companies. The transaction is expected to close early next year.” This partnership also comes after Royal Caribbean’s stock was down 25% last year, and as they complete efforts to start “diversifying beyond cruises and becoming a leader in vacations overall. Royal Caribbean already operates several private destinations for its cruise passengers, but it has been working to build out its land offerings.” Sandals has over a dozen locations across the Caribbean, providing Royal Caribbean with many all-inclusive options.
©Royal Caribbean
This is not the only change on the horizon for Royal Caribbean. They also have a brand-new ship, the Legend of the Seas, which debuted several months ago, and the Hero of the Seas is set to start sailing in the summer of 2027.
©Royal Caribbean
We will continue to keep you posted on all of the Royal Caribbean, Disney Cruise Line, and other cruise news. So stay tuned to the Disney Food Blog so you never miss anything!
Royal Caribbean Announces Their Biggest Ship Ever!
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What do you think of this Royal Caribbean news? Let us know in the comments!
