For many, a vacation on a cruise ship brings up images of retirees basking in the sun or playing bingo. Royal Caribbean wants to change that with a brand new ship.
The new “Symphony of The Seas”, which cost $1.5 billion to build, is outfitted with everything from ice skating rinks to water slides to zip lines, Michael Bayley, the company’s President and CEO, told Cheddar Wednesday. It’s scheduled for its maiden voyage in the next few weeks.
“A lot of people have a stereotypical perspective of cruising,” said Bayley. But the company is offering “experiences, features that we think are really attractive to millennials. [And] we have short products, short breaks.”
Royal Caribbean’s stock has outperformed rivals such as Carnival and Norwegian Cruise Lines over the past year, but did see a pullback in December after [two](http://www.independent.co.uk/travel/news-and-advice/royal-caribbean-cruise-passengers-gastro-intestinal-illness-sickness-bug-norovirus-ovation-of-the-a8095611.html) [separate](https://www.usatoday.com/story/news/world/2017/12/17/hundreds-get-sick-royal-caribbean-cruise-again/959102001/) instances of passengers getting sick. The company, though, still reported better-than-expected earnings for the fourth quarter.
The cruise line has focused marketing efforts on digital communications to capture the attention of tech-savvy millennials.
“We’ve moved pretty much all of our marketing, advertising from traditional to digital,” explained Bayley.
“We’ve been quite focused on attracting new-to-cruise [passengers] through our communication and through the way we present our product and the experiences that you can have,” he said.
“A lot of that is built on demolishing these perceptions that...it’s going to be really just for older people and there’s really nothing to do, which is so far from the truth.”
For the full interview, [click here](https://cheddar.com/videos/royal-caribbean-gets-ready-to-launch-the-worlds-largest-cruise-ship).
An independent watchdog within the IRS reports that while taxpayer services have vastly improved, the agency is still too slow to resolve identity theft cases. And National Taxpayer Advocate Erin Collins says those delays are “unconscionable.” Erin M. Collins said in the report released Wednesday that overall the 2024 filing season went smoothly, though IRS delays in resolving identity theft victim assistance cases are worsening. It took nearly 19 months to resolve self-reported identity theft cases as of January, and Wednesday's report states that now it takes 22 months to resolve these cases.
Amazon.com Inc. surpassed $2 trillion in market value for the first time in afternoon trading on Wednesday. The push higher for Amazon’s stock market valuation comes a little more than a week after Nvidia hit $3 trillion and briefly became the most valuable company on Wall Street. Nvidia’s chips are used to power many AI application and its valuation has soared as a result. Amazon has also been making big investments in AI as global interest has grown in the technology. Most of the company’s focus has been on business-focused products.
Climate change doesn’t just mean more extreme weather – it also leads to billions of dollars in lost productivity, tourism, and stresses infrastructure.
It’s an annual tradition: the Fed’s banking ‘stress test.’ A year after the regional banking crisis, there are good reasons to make sure they’re prepped.
