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."
Lead Analyst at TVREV, Alan Wolk, joins Cheddar to discuss the latest in media and business news, including why business at the box office may be slowing down.
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The CEO of LiveOne, Rob Ellin, discusses the DOJ's lawsuit against Live Nation and Ticketmaster, how will if affect you and the future of live events. Watch!
