Stock Market News

Exclusive-Royal Caribbean recruiting thousands to meet surging demand, sources say

2024.05.07 14:42

Exclusive-Royal Caribbean recruiting thousands to meet surging demand, sources say

By Doyinsola Oladipo

NEW YORK (Reuters) – Cruise operator Royal Caribbean (NYSE:) Group is in discussions with new and existing markets around the world to recruit thousands of workers to staff its ships and private destinations to keep up with record cruise demand.

The number of people taking cruises hit a record in 2023, and with the surge in demand and larger vessels, labor needs are growing. Tourism boards and port operators from around the world said Royal Caribbean is looking to hire worldwide and the company confirmed it will hire around 10,000 workers this year.

Royal Caribbean’s sea-based workforce at the end of 2023 totaled about 88,700 employees, 6% lower than the year prior, according to the company’s annual filing. The company’s land-based workforce including private destinations consisted of approximately 9,500 full-time employees, up 17%.

Bookings hit a record in the first quarter, boosting quarterly revenue to $3.73 billion, up 29%, and the company’s stock price doubled in the past year to hit a new record.

“The recruiting strategy follows the business strategy of moderate capacity growth,” a spokesperson said. The company plans to hire more than 10,000 workers in 2024 as it brings on three new ships, they added.

Andrew Spencer, president of the Caribbean Maritime University in Jamaica, said Royal Caribbean and rival Carnival (NYSE:) have asked the university to ramp up short-term skills and certifications courses to get more workers trained for a career at sea, he said.

Royal isn’t only focused on the Caribbean. The company also approached The Gambia Tourism Board in April with an interest in hiring more workers, a spokesperson said. The cruise operator currently employs about 700 workers from the West African nation.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or
remove ads
.

“This is something we have discussed and will follow-up to see how best we can facilitate that (request),” the spokesperson said. The tourism board said it will try to provide up to 1,000 additional workers.

Netherlands territory St. Maarten is in the midst of discussions about recruitment with Royal after the parties held a recruitment drive last year to source 1,000 workers.

“It did not necessarily yield as many applicants that I think we all were expecting,” said Alexander Gumbs, chief executive of Port St. Maarten Group, who said less than a third of that goal for 1,000 actually applied.

Tens of thousands of people need to be hired from the Caribbean and Latin America as new ships are deployed across the industry, according to the Florida-Caribbean Cruise Association, a trade organization. Tourism boards and ports said one of the major challenges is educating potential candidates about a career at sea to meet industry labor demand.



Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 98,141.29 3.91%
ethereum
Ethereum (ETH) $ 3,489.20 2.11%
tether
Tether (USDT) $ 0.998966 0.01%
xrp
XRP (XRP) $ 2.30 1.80%
bnb
BNB (BNB) $ 703.27 1.41%
solana
Solana (SOL) $ 198.87 3.92%
dogecoin
Dogecoin (DOGE) $ 0.33335 3.07%
usd-coin
USDC (USDC) $ 0.999576 0.09%
staked-ether
Lido Staked Ether (STETH) $ 3,484.08 2.19%
cardano
Cardano (ADA) $ 0.924916 1.33%
tron
TRON (TRX) $ 0.256558 1.59%
avalanche-2
Avalanche (AVAX) $ 41.26 6.04%
chainlink
Chainlink (LINK) $ 24.83 2.49%
the-open-network
Toncoin (TON) $ 5.85 3.74%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,133.97 2.09%
shiba-inu
Shiba Inu (SHIB) $ 0.000023 3.30%
sui
Sui (SUI) $ 4.61 1.27%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 97,847.22 3.83%
hedera-hashgraph
Hedera (HBAR) $ 0.311927 5.12%
stellar
Stellar (XLM) $ 0.389626 4.18%
polkadot
Polkadot (DOT) $ 7.46 2.20%
weth
WETH (WETH) $ 3,490.45 2.14%
hyperliquid
Hyperliquid (HYPE) $ 29.93 2.28%
bitcoin-cash
Bitcoin Cash (BCH) $ 465.32 1.07%
leo-token
LEO Token (LEO) $ 9.53 1.34%
uniswap
Uniswap (UNI) $ 14.18 0.54%
litecoin
Litecoin (LTC) $ 108.44 1.76%
pepe
Pepe (PEPE) $ 0.000019 3.24%
bitget-token
Bitget Token (BGB) $ 5.19 15.60%
near
NEAR Protocol (NEAR) $ 5.57 2.11%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,682.54 2.13%
ethena-usde
Ethena USDe (USDE) $ 0.998927 0.03%
aave
Aave (AAVE) $ 372.76 0.88%
aptos
Aptos (APT) $ 9.82 2.65%
internet-computer
Internet Computer (ICP) $ 11.37 5.57%
usds
USDS (USDS) $ 0.999624 0.32%
crypto-com-chain
Cronos (CRO) $ 0.162273 0.37%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.520615 2.30%
vechain
VeChain (VET) $ 0.052168 7.75%
ethereum-classic
Ethereum Classic (ETC) $ 27.62 1.06%
mantle
Mantle (MNT) $ 1.23 2.67%
render-token
Render (RENDER) $ 7.78 0.04%
bittensor
Bittensor (TAO) $ 504.47 1.79%
monero
Monero (XMR) $ 196.31 4.87%
mantra-dao
MANTRA (OM) $ 3.80 0.31%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.38 1.16%
whitebit
WhiteBIT Coin (WBT) $ 24.84 1.81%
arbitrum
Arbitrum (ARB) $ 0.808398 0.68%
dai
Dai (DAI) $ 0.999782 0.02%
filecoin
Filecoin (FIL) $ 5.39 4.13%