FlyerTalk Forums - View Single Post - Royal Caribbean Acquires Controling Interest in Silversea
Old Jun 17, 2018 | 6:59 am
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Randyk47
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Originally Posted by turtlemichael
You are no doubt right that time will tell. But rest assured that there isn't a cruise line in existence where the regulars do not think it is declining. Things are never as good as they were.
That’s very true. We’ve taken eight cruises on Silversea since 2012 and indeed there has been some degradation. I will say the Silversea acquisition by RCCL is a bit of a head scratcher as Silversea launched their new Muse this year, stretched the Spirit and basically “Musified” it, repurposed and strengthened the Cloud to be a expedition ship, and announced the ordering of another Muse-clone ship to be called the Dawn. Sounds like a healthy company but I think they had secured something like a $500M line of credit to make all this happen and they have to service that debt so maybe the influx of $1B makes sense. The cruising industry is also a bit like the airline industry where there are fewer and fewer truly standalone lines. I don’t know the exact percentage but between the umbrella Carnival Corporation and Royal Caribbean Cruise Lines corporations they pretty well have a liplock on the industry.
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