Royal Caribbean Cruises Ltd. The readings in your post, which are built on the financial position of Royal Caribbean Cruises, are very informative. This writer agrees that, despite of not being the number one cruise line in the world, Royal Caribbean is a successful organization. Actually, they are the second largest cruise line in the world, which operates 43 ships globally as of December 2014. According to Entertainment Close-Up (2015), they own six brands, Royal Caribbean International, Celebrity Cruises, Pullmantur, Azamara Club Cruises, TUI Criuses, and CDF Croisieres de France. This writer found that, although, the company is doing well, there are some risk factors that could adversely affect their economic conditions. The following text explores these concepts and helps to detail their significance to the organization and their financial outlook. Standard and Poor’s NetAdvantage Financial Information …show more content…
Royal Caribbean’s net income increased from $474 million in 2013 to $767 million in 2014, with an operating income of $1,610 million in 2013, which increased in 2014 to $1,719. However, their cash had a decrease in 2014. In 2013, it was $205 million and decreased to $189 million in 2014. Their total assets increased from $20,073 million to $20,713 in 2014. According to Sun, Gauri, and Webster (2011), in recent years, the cruise line industry has become a stimulating growth category in the leisure travel market and one of the fastest growing segments of the travel and tourism industry. The cruise industry experienced an annual growth rate of over 7.4 per cent in terms of the total number of cruise passengers since