Royal Caribbean CEO: Future's Never Looked So Bright
Royal Caribbean CEO Richard Fain says millennials are the fastest-growing consumer for the cruise line. He tells us they are looking to travel with Royal Caribbean to create experiences. One way the company is specifically courting consumers is through virtual reality.
Despite hits to service from hurricanes, Royal Caribbean posted record quarterly earnings this week.
It generated $2.57 billion in revenue, slightly missing analyst expectations of $2.58 billion. Notably, net yields were up 5.3 percent year-over-year. Shares of Royal Caribbean are up 55 percent year-to-date.
As part of Cheddar's special hour dedicated to entrepreneurs and their secrets to success with #MakeCheddar, Cheddar Anchor Kori Hale asked Fain's advice to those thinking about switching careers to #MakeCheddar. He said, "Follow your own mantra."
Along with the $122 million from delinquent millionaires in October, nearly half a billion dollars in back taxes from rich tax cheats has been collected.
Greg Moran, CEO of Zoomcar, joined Cheddar to talk about the growth of the car-sharing platform, the company's recent debut on the NASDAQ, and its continued work in emerging markets.
Higher rents and food prices boosted overall U.S. inflation in December, a sign that the Federal Reserve's drive to slow inflation to its 2% target will likely remain a bumpy one.
Tech companies of all sizes are showing off their latest gadgets at CES 2024 in Las Vegas. And that includes new technology that's changing the world of food and drinks.
