The Hospitality Newsletter
Today
Royal Caribbean Eyes 50% Wallet Share via Sandals Deal
financeSkift··1 min·For: Owner, Revenue, Investor, Marketing

Royal Caribbean Eyes 50% Wallet Share via Sandals Deal

Royal Caribbean Group plans to double its share of guest vacation spend to roughly 50% by acquiring a 50% stake in Sandals and Beaches Resorts. The cruise operator aims to integrate the all-inclusive resort properties into its connected loyalty ecosystem to prevent customer churn.

Key Takeaways

  1. 1Royal Caribbean aims to capture 50% of annual guest vacation spend, up from 20-25% currently
  2. 2The strategy relies on acquiring a 50% stake in Sandals and Beaches Resorts to expand beyond cruising
  3. 3The operator posted strong Q3 results and raised full-year guidance on robust European demand

Read original source →

Source: Skift

Keep reading

Our reporting

OriginalCross-Industry M&A: $56B eBay Bid and $2.7B Pizza Hut SaleWritten from 3 sources
OriginalIndia Tourism to Hit $527 Billion by 2036, WTTC ReportsWritten from 2 sources

More in finance

Lodging MagazineU.S. Weekly Hotel RevPAR Jumps 5.5% to $125.531 min readeHotelierWentworth Capital Buys Sydney Hotels for $390M1 min readHotel DiveCaesars Backs Fertitta's $17.6B Buyout Deal1 min read

Also relevant for Investor, Marketing

Hotels MagazineRemington Hospitality Opens ONE|GT in Grand Cayman1 min readHospitality TechnologyWorldVue Debuts Atlas to Unify Property Tech Management1 min readHotel DiveSeattle Hilton Workers to Hold Strike Authorization Vote1 min read
All finance newsFor InvestorFor MarketingFor OwnerToday's briefing