Royal Caribbean to double ME business
Dubai, January 31, 2012
Royal Caribbean International, a leading curise line, hopes to more than double its business in the Middle East in the next few years, a report quoted a senior company official as saying.
Helen Beck, the company's regional director for Europe, the Middle East and Africa, was quoted by the Gulf News report as saying that over the next three to five years the company plans to more than double its business in the Middle East, and possibly even triple it.
The company recorded a CAGR (compounded annual growth rate) of approximately 40 per cent in guest volumes and revenue in the region over the last five years, she said in the report.
She said Royal Caribbean suffered no negative impact during the Arab Spring. "On the contrary, we recorded a 30 per cent growth in the Middle East in 2011 over the previous year," Beck said.