Three years ago, Royal Caribbean embarked on a strategic plan to build the Royal Caribbean brand worldwide. The plan laid out six challenges: continue to expand in worldwide markets; improve onboard product delivery; provide superior service to travel agents; develop passenger sources outside of North America; recruit and train a quality workforce to support Company growth; and more effectively use technology as a competitive tool.

Today, Royal Caribbean has made significant strides in building its brand. The Company has strengthened its position as a leading player in both the "popular" market, three- to seven-night warm-weather itineraries, and the "core seasonal" market, one- to two-week destination-oriented itineraries such as Alaska, Europe and Asia.

The second and third of the six Vision-class ships, Splendour of the Seas and Grandeur of the Seas, have entered service, adding 3,750 lower berths to the line's capacity. International business has grown substantially, and travel agencies have been given new tools to sell Royal Caribbean cruise vacations.

This year's annual report looks at each of these significant passages and how they have helped the Company grow.

previous | next