SEARCH

Cruise Deal of the Week – June 14, 2019
Cruise Deal of the Week
414 views1
414 views1

Cruise Deal of the Week – June 14, 2019

Porthole Cruise Magazine - June 14, 2019
613 Views

SOLD! Crystal Cruises – Cruise News – Mar. 6, 2015

SOLD! Crystal Cruises

Cruise News – Mar. 6, 2015

In the second major consolidation involving a luxury line in recent months, Crystal Cruises has entered into an agreement to be acquired for $550 million cash by Genting Hong Kong. The seller is Japanese company Nippon Yusen Kabushiki Kaisha (NYK), parent of the line since its inception 25 years ago.

The sale to a hospitality powerhouse is good news for Crystal, said company president and COO Edie Rodriguez. It’s no secret she’s been pushing for a new ship to join Crystal Symphony and Crystal Serenity, and that’s apparently part of the deal.

“The proposed expansion of our fleet will present our loyal Crystal Society members and new luxury cruise guests with more itinerary options, accommodation choices, and exceptional vacation experiences as we continue to position Crystal as the innovative leader in global luxury cruising,” Rodriguez said.

Genting Group owns Star Cruises and is a major shareholder of Norwegian Cruise Line Holdings, which recently acquired Prestige Cruise Holdings, parent company of luxury line Regent Seven Seas Cruises and upscale line Oceania Cruises. That’s where things may get interesting, though Genting seems committed to keeping Crystal as Crystal.

“Crystal Cruises offers the epitome of luxury cruising and the service standard which all other cruise lines aspire to,” said Tan Sri Lim Kok Thay, Chairman, CEO, and Acting President of GHK. “The current management team and crew will continue to lead Crystal Cruises. Genting will provide financial resources and proven expertise in innovative ship design to build a new ship that will set the highest standard in luxury cruise ships.”

USB analyst Robin Farley noted Genting had been looking to sell its stake in NCLH.


Photo: Crystal Cruises


[spb_column width=”1/2″ el_position=”first”] [impact_text include_button=”yes” button_style=”standard” title=”< Previous News” href=”http://www.porthole.com/viking-river-cruises-heads-to-the-mississippi-cruise-news-feb-27-2015/” color=”accent” target=”_self” position=”cta_align_bottom” alt_background=”alt-two” width=”1/1″ el_position=”first last”] [/impact_text] [/spb_column] [spb_column width=”1/2″ el_position=”last”] [impact_text include_button=”yes” button_style=”standard” title=”Next: Long Carnival Cruises >” href=”http://www.porthole.com/carnival-to-debut-longer-more-exotic-itineraries-cruise-news-mar-6-2015/” color=”accent” target=”_self” position=”cta_align_bottom” alt_background=”alt-two” width=”1/1″ el_position=”first last”]

[/impact_text] [/spb_column]



Don’t miss the next Porthole Cruise News:

Subscribe to our Newsletter:



Last Call: Flute of Fancy
Cruise Magazine
281 views
281 views

Last Call: Flute of Fancy

Porthole Cruise Magazine - June 7, 2019
Cruise Deal of the Week – June 7, 2019
Cruise Deal of the Week
391 views
391 views

Cruise Deal of the Week – June 7, 2019

Porthole Cruise Magazine - June 7, 2019
Visit the Only Floating Museum in New York City
Destinations
496 views
496 views

Visit the Only Floating Museum in New York City

Porthole Cruise Magazine - June 6, 2019
Cruising to Cuba? Now What…
Cruise News
1294 views1
1294 views1

Cruising to Cuba? Now What…

Porthole Cruise Magazine - June 5, 2019