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Royal Caribbean has announced plans to sell its 50% stake in Island Cruises. They are to sell their share of the company to British tour operator; TUI Travel Plc.
The sale of Royal Caribbean’s stake would mean that TUI would become the full owner of Island Cruises.
With Island Star being owned by Royal Caribbean, travellers may become affected; as the ship is to depart the fleet when TUI takes over. Island Star is to join Pullmantur Cruises; a cruise line based in Spain which is also owned by Royal Caribbean. The cruise ship is expected to leave the Island Cruises fleet in April 2009.
Once the sale of Royal Caribbean’s share in Island Cruises is sold, Island Cruises will cease to exist as it will become integrated with Thomson Cruises; also owned by TUI.