Dividend Yield Vs Market
Notable Dividend: Unable to evaluate VIK1V’s dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate VIK1V’s dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Mississippi River Ship And Itineraries
Viking will launch new destination-focused travel experiences on the Mississippi River in 2022 with sailings ranging from 8 to 15 days.
Vikings arrival will bring modern river cruising to the Mississippi and will represent a major commitment to tourism and economic development in many communities along the river. Currently scheduled ports of call on Vikings new Mississippi River Cruises comprise seven U.S. states: Louisiana Mississippi Tennessee Missouri Iowa Wisconsin and Minnesota .
The new state-of-the-art Viking Mississippi is inspired by Vikings award-winning river and ocean ships and will feature clean Scandinavian design, as well as public spaces that are familiar to guests but that have been reimagined for Mississippi River voyages. Purpose-built for the Mississippi and currently under construction in Louisiana, the five-deck ships cutting-edge design, expansive windows and comfortable amenities will make it the largest and most modern cruise ship in the region.
Royal Caribbean To Sell Azamara Brand To Sycamore Partners
Royal Caribbean Group today announced it has entered into a definitive agreement to sell its Azamara brand to Sycamore Partners, a private equity firm specializing in consumer, retail and distribution investments, in an all-cash carve-out transaction for $201 million, subject to certain adjustments and closing conditions.
Sycamore Partners will acquire the entire Azamara brand, including its three-ship fleet and associated intellectual property. The transaction is subject to customary conditions and is expected to close in the first quarter of 2021. Royal Caribbean Group noted the transaction allows it to focus on expanding its Royal Caribbean International, Celebrity Cruises and Silversea brands.
Our strategy has evolved into placing more of our resources behind three global brands, Royal Caribbean International, Celebrity Cruises and Silversea, and working to grow them as we emerge from this unprecedented period, said Richard D. Fain, Chairman and Chief Executive Officer of Royal Caribbean Group. Even so, Azamara remains a strong brand with its own tremendous potential for growth, and Sycamores track record demonstrates that they will be good stewards of what the Azamara team has built over the past 13 years.
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A Record Number Of Passengers Will Take Cruise Vacations This Year And Investors Can Cash In By Hopping On For The Ride Without Having To Come Aboard
The open waters have never been as inviting to landlubbers as they are right now. The Cruise Line Industry Association expects a record 27.8 million passengers to take a cruise in 2018, up from 25.8 million guests the year before. That figure has been inching higher every year for more than a decade, and with the leading cruise lines rolling out more vessels with greater capacity and more features, it’s hard to see that trend reversing anytime soon. We were at just 17.8 million passengers a decade ago.
Investors are cashing in on the cruising industry boom. The three largest cruise line operators are all publicly traded, and they all coasted to big gains in 2017. Shares of Carnival Corporation & plc, Royal Caribbean Cruises, and Norwegian Cruise Line Holdings soared 31%, 49%, and 25%, respectively last year.
Image source: Carnival Corporation.
Cruising has become financially accessible to more potential travelers as new ships across all price points go online.There were 449 ships in operation worldwide in 2017, and another 27 vessels are expected to make their debut in 2018. Once the turf — nay, surf — of well-heeled retirees, younger passengers are now enjoying the benefits of having to pack just once to visit various exotic ports-of-call.
Health & Safety On The Ship
Risk of disease infection significantly lower on small vessels, we believe our ships offer a safer environment than that of the mega ships. And with no interior staterooms on any of our ships, guests enjoy expansive views from outside staterooms.
Self-serve dining stations will be replaced with staff service
Things to know:
- Enjoy fresh air in your stateroom, knowing that all staterooms on Viking ocean and river ships feature independent air handling units that do not share air with other areas of the ship.
- Also take comfort in knowing that the air in the public areas of your ship has also been purified with new short-wavelength ultraviolet lights and high-density filters, which kill 99.99% of all airborne viruses and bacteria.
- Rest assured that the surfaces on your ship will be cleaned and sanitized continuously with daily scheduled deep cleanings.
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Which Is Best River Cruise In Europe
Tpg And Cppib Invest Us$500 Million In Viking Cruises
Leading global cruise line partners with experienced investors to support expansion into new markets and continued innovation
Viking Cruises today announced a combined minority investment of US$500 million by TPG Capital and Canada Pension Plan Investment Board for a combined stake of 17% in MISA Investments Limited, the parent company of Viking Cruises. TPG Capital, the private equity platform of leading global alternative investment firm TPG, and CPPIB, a professional investment management organization that manages the funds of the Canada Pension Plan, will each invest US$250 million to support and accelerate Viking Cruises growth initiatives and strengthen the companys balance sheet.
Founded in 1997 by CEO Torstein Hagen, Viking Cruises is a leading provider of worldwide river and ocean cruises, operating more than 61 cruise vessels based in 44 countries. Serving travellers across North America, the U.K., Australia and, starting this year, China, Viking Cruises creates culturally immersive, destination-centric experiences for its customers. The company provides city-to-city itineraries that offer a wider range of cultural locales, with more destinations and time dedicated to shore excursions than traditional cruise lines.
Subject to regulatory approvals, the transaction is expected to close in early Q4-2016.
About Canada Pension Plan Investment Board
About Viking Cruises
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Azamara Sold What It Means
Until today, Royal Caribbean Group included Royal Caribbean, Celebrity, Silversea, and Azamara. What should be made of the announcement that Azamara is being sold to a private equity firm? RCL is, of course, spinning this as focusing on the growth of their core brands, but its difficult to see how this is anything other than shedding costs in an industry that the only certainty is cruising will return at some point.
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Royal Caribbean Group today announced it has entered into a definitive agreement to sell its Azamara brand to Sycamore Partners, a private equity firm specializing in consumer, retail and distribution investments, in an all-cash carve-out transaction for $201 million, subject to certain adjustments and closing conditions. Sycamore Partners will acquire the entire Azamara brand, including its three-ship fleet and associated intellectual property. The transaction is subject to customary conditions and is expected to close in the first quarter of 2021.
Royal Caribbean Group
While Im skeptical of the stated reason, and that Silversea is considered a core brand, selling Azamara is a smart move that allows Royal Caribbean some flexibility and puts Azamara in a portfolio where it will get some attention and love.
Who Provides The Best Value
Neither Azamara nor Celebrity is all inclusive, and you will have to factor in costs for items like specialty dining and shore excursions on top of your cruise fare with both. Azamaras fares tend to be higher when comparing staterooms, but its important to consider what you get for your cruise fare and the offers available at the time of booking.
For Azamaras higher price tag, guests can expect standard alcoholic beverages and nice touches like specialty tea and coffee complimentary, as well as a courtesy AzAmazing Evening event on most voyages . Guests can enjoy these benefits in every stateroom/suite, regardless of the fare booked.
Celebrity has fewer outright inclusions in their cruise only fares, and alcohol and specialty teas and coffees will add to the overall cost. They do however have a promotion that allows guests to upgrade their cruise fare to include a couple of extra perks which offers great value as opposed to paying for these benefits on board .
If youve been considering Celebrity Cruises for a while, you may have seen this style of offer referred to as 123Go, Go Big, Go Better, Go Best or Sail Your Way. Regardless of what it is called, these tiered offers tend to be a staple for Celebrity, so keep an eye out for them when weighing up the fare that is the best value for you.
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Is Viking Going Out Of Business
Viking Cruises has announced that its river and ocean operations will remain on hold through May 31, 2021, which means cruises wont resume until June at the very earliest. Its now been almost one year since Viking first suspended operations in March 2020, the first cruise line in the world to do so.
Debt To Equity History And Analysis
Debt Level: VIK1V’s net debt to equity ratio is considered high.
Reducing Debt: VIK1V’s debt to equity ratio has increased from 78.2% to 101.5% over the past 5 years.
Debt Coverage: VIK1V’s debt is not well covered by operating cash flow .
Interest Coverage: VIK1V earns more interest than it pays, so coverage of interest payments is not a concern.
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Norwegian Cruise Line Holdings
|Number of employees|
Norwegian Cruise Line Holdings is a holding company that is domiciled in Bermuda and based in the United States. It operates three cruise lines as wholly owned subsidiaries: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. With its subsidiaries combined, it is the third-largest cruise operator in the world. It is a publicly traded company listed on the New York Stock Exchange. It has never had any connection with Norway, although its subsidiary Norwegian Cruise Line did, at its inception.
What Is The Highest Ccl Stock Has Ever Been
Carnival 32 Year Stock Price History | CCL
- The all-time high Carnival stock closing price was 71.94 on January 29, 2018.
- The Carnival 52-week high stock price is 31.52, which is 31.4% above the current share price.
- The Carnival 52-week low stock price is 12.11, which is 49.5% below the current share price.
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Cppib And Partner Tpg Capital Double Down On Cruise Industry
This article was published more than 1 year ago. Some information may no longer be current.
Canada Pension Plan Investment Board and a partner have pumped an extra US$500-million into a U.S. cruise line just as the hopeof an eventual end to the COVID-19 pandemic promises to rescue their investment.
CPPIB and Texas-based private equity fund TPG Capital LPsaid their investment into the parent of Viking Cruises Ltd. will help the cruise operator reopen for business and build long-term value in the company. The two partners first bought into Viking in 2016, obtaining 17 per cent of the private company for US$500-million, just as it expanded from European riverboat cruises into ocean voyages and planned a Chinese expansion.
CPPIB chief executive officer Mark Machin often cited the pension plans investment in Viking as an example of its thematic approach in this case, with the thesis that aging Americans, increasing in number, were likely to pay good money to see Europe via a cruise ship.
That was then. Viking, with 72 riverboats and six ocean liners, was the first major cruise company to suspend operations in March as COVID-19 began to wreak havoc on the industry, with tales of ships with coronavirus outbreaks unable to dock for fear of rampant transmission.
Viking said this week it will install full-scale laboratories on each of its ocean vessels, enabling it to test all crew members and passengers daily.
Viking Cruises Goes Ocean Despite Industry Mishaps
- Publish date: May 30, 2013 8:28 AM EDT
Viking Cruises, known for its upscale river cruises, is expanding into ocean cruise ships. Why is the company getting into ocean cruising even as the industry’s reputation suffers?
NEW YORK (
is launching a fleet of smaller ocean liners that the company says is the future of ocean cruising.
Earlier this month, Los Angeles-based Viking, known for its upscale river cruising ships, announced plans for an ocean line. The company claims it is the first new cruise line to launch in nearly a decade and will “return the focus of cruising to the destination” as opposed to onboard activities.
Viking’s decision to get into the ocean business follows a string of recent mishaps. A fire on board a
ship this week in the Bahamas comes after the February debacle aboard a
cruise line in the Gulf of Mexico in which power was lost leaving hundreds of passengers stranded for days.
Yet the company is not deterred. Viking Ocean Cruises will begin sailing its first vessel,
, in the spring of 2015. The 464-cabin ship will sail to Scandinavia and the Baltics as well as the Mediterranean, between Barcelona and Venice and Venice and Istanbul, the company says.
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How Many Employees Does Carnival Cruise Line Have
Number of employees. Carnival Corporation & plc is a British-American cruise operator, currently the worlds largest travel leisure company, with a combined fleet of over 100 vessels across 10 cruise line brands. A dual-listed company, Carnival is composed of two companies, Carnival Corporation and Carnival plc, which function as one entity.
An Overview Of Some Of The Major Players
Since this is an investment article, I will primarily discuss the public companies. However, I believe all lines’ cash flow will grow by leaps and bounds. A cruise-hungry public has already booked deep into 2023. As that cash flow rights many ships, I imagine we will see more consolidation, as well as some private companies that decide it would be better to have the large cash cushion that public ownership provides.
The biggest of the big is Carnival Corporation & Plc (NYSE CCL and London . There are also separate shares of essentially the same company traded on the LSE and available in the US via an ADS, symbol CUK. Carnival is the only company in the world to be included in both the S& P 500 index in the US and the FTSE 250 index in the UK. Carnival has acquired the following lines under its corporate umbrella:
- Carnival Cruise Line
- Cunard Line
- Holland America Line
- P& O Cruises
- Princess Cruises
- Seabourn Cruises
The Queen Elizabeth, Queen Victoria and Queen Mary 2 united for Queen Elizabeth II’s Diamond Jubilee celebration in 2012.
Next in size is Royal Caribbean Group . Among its cruise lines, you may be familiar with are the following:
- Celebrity Cruises
- Celebrity Xpedition
- Royal Caribbean International
- Pullmantur Cruceros – filed for insolvency early 2021, but RCL and Pullmantur have come to a financing deal to continue operations with two Celebrity ships.
- SkySea Cruise Line
- Silversea Cruises
- Silversea Expeditions
And from Bill Miller
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Who Owns My Cruise Line A Guide To Cruise Line Parent Companies
If you’re confused about which companies own which cruise lines, you’re not alone. There are so many brands these days, it can be difficult to keep track of which ones are part of the same family. You might even be surprised to discover that budget-friendly lines and super-pricey luxury lines share the same parent companies.
When it comes to ownership, most cruise lines — with the notable exceptions of MSC Cruises, which is privately owned by the family of Italian billionaire Gianluigi Aponte Viking Cruises, which is privately held and overseen by founder Torstein Hagen and Windstar Cruises, owned by Xanterra Parks and Resorts, a division of the Anschutz Company — are publicly traded, which means they are owned by their parent companies’ shareholders. Below, we break down which cruise line parent companies own which cruise line brands, as well as where those parent companies are domiciled. We also list the stock symbols and presidents or CEOs for each.
Azamara Cruises Things To Do
- Anyone who wants to enjoy luxury amenities, but wants to save money at the same time, will love the amenities and services featured by Azamara. While Azamara is not a luxury cruise line, it offers the same upmarket services at a reduced price. Discerning travelers who are also budget-conscious will like the pampering they receive on Azamara voyages. The dining options are popular with guests, especially the chefs table, and the ships specialty restaurants, such as Aqualina, known for its Italian cuisine, and Prime C, which features steaks as its major cuisine. The cruise line tends to attract adults, aged 40 and over, who wish to take cruises from 7 to 11 days or longer. Anyone, who is older, who wants to sail in Europe, Asia, South America, or the Caribbean, will generally like what Azamara offers. The quiet onboard atmosphere and higher-than-mainstream prices generally draw the interest of well-established professionals or retirees. Therefore, you wont find many people with families on board the ship, if at all. Azamara does not feature any kids activities. Also, dont expect to be welcomed if you smoke, as the Azamara features one of the most stringent non-smoking policies of the ships at sea. Of course, this is a good thing for anyone who does not smoke.
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