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Cruise Week 2/3/10
1. Bottom Line Issues: Royal's Earnings & Agents' Earnings
Back in November, Royal Caribbean Chairman/CEO Richard Fain, sounding
frustrated, addressed all the reports at that time about the improving economy.
"The recent news has been full of reports that the economy is rebounding or is
about to rebound," he told financial analysts. "But we haven't seen any evidence
of that in our bookings today."
Fast forward to Royal's earnings call with financial analysts this past week,
and Royal execs clearly sounded much more sure of the direction of the
company. "The year is looking much stronger than many thought possible only a
short time ago," said Fain. "We're expecting good yield recovery."....
2. Crystal Symphony's $25M Upgrade
Many of the changes took place on Lido Deck. First and foremost was the
elimination of Neptune Pool (the midship pool that was under the retractable
dome). The line's first ship, Crystal Harmony, underwent this change when the
ship became part of the parent company (NYK) a few years back. But such a
change is a rarity for the North American market....
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