Saturday, September 4, 2021

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Sunday, May 16, 2021

With Princess Cruises back in action this summer, the premium brand could be seeing a staggered restart for the rest of its fleet globally throughout the summer, fall and early winter, according to published deployment data, including the line's website. 

Saturday, March 28, 2020

Kempinski Hotels is assisting Kempinski Discovery members who have been affected by any newly imposed travel regulations. In case of an interrupted stay, members of Kempinski Hotel’s loyalty program will not only be recognized for the nights stayed, but also the nights which were cut short during that trip.

“Our loyal guests are very important to us and in these difficult times we want to prove our guest’s loyalty is highly valued in a meaningful way” says Amanda Elder, chief commercial officer and member of the management board at Kempinski Hotels (pictured above). “We continue to grant all tier nights for a stay that was interrupted by a country or region’s restrictions due to COVID19 concerns.”

The Kempinski Discovery Loyalty program offers guests bespoke advantages during their journey, including exclusive room benefits as well as opportunities to immerse in local culture. Called Local Experience Awards, these awards offer guests “money-can’t-buy-experiences.” The loyalty benefits extend to all partner brands of the Global Hotel Alliance (GHA) network of which Kempinski Hotels is a founding member and major shareholder. GHA is a network of independent hotel brands, bringing together more than 35 brands with over 570 hotels in 85 countries. The Discovery Loyalty program serves 17 million members.  more...

Saturday, March 28, 2020

Amid the complete shutdown of operations through at least April 30 due to the coronavirus crisis, Royal Caribbean Cruises Ltd. (RCCL) said it has entered into a $2.2 billion 364-day secured term loan facility, further enhancing the company's liquidity position. The facility can be extended at the company's option for an additional 364 days. Royal Caribbean has borrowed the full amount available under the term loan to further bolster its liquidity.

Including this new financing, the company has more than $3.6 billion of liquidity comprised of cash deposits and its existing undrawn revolving credit facilities (net of outstanding commercial paper).  In addition, the company has committed financing for all of its new ships on order. "This is a period of unprecedented disruption for the cruise industry," said Jason Liberty, executive vice president and CFO of RCCL  "We continue to take decisive actions to protect the company's financial and liquidity positions as they enable us to keep focused on our guests, our crew and our long-term plans."

Morgan Stanley, J.P. Morgan, Bank of America, BNP Paribas and Goldman Sachs acted as joint lead arrangers and bookrunners on the secured term loan facility.  Morgan Stanley is acting as an administrative agent and collateral Agent on the facility.  Perella Weinberg Partners LP served as financial advisor and Skadden Arps, Slate, Meagher & Flom LLP served as legal advisor to the company in connection with the secured term loan facility.

RCCL controls and operates four global brands: Royal Caribbean International, Celebrity Cruises, Azamara and Silversea Cruises. It also is a 50 percent joint venture owner of the German brand TUI Cruises and a 49 percent shareholder in the Spanish cruise brand Pullmantur Cruceros. Together these brands operate a combined total of 61 ships with an additional 17 on order as of Dec. 31, 2019. 

By     James Shillinglaw

Monday, March 23, 2020

Creating better journeys and fostering growth for our customers.

This is part of our Live Travel Space series, where we'll talk in detail about all the changes we're making to bring us closer than ever to our customers, and become more open, dynamic, and connected by evolving from a Global Distribution System (GDS) to a Live Travel Space

Live Space – Travel, Experiences, Adventures.

Stay tuned....