Cruises
Ritz-Carlton Yacht Collection Secures Debt Relief; Reports 51% Load Factor
The Ritz-Carlton Yacht Collection secured a debt restructuring agreement with lenders, deferring $171 million in amortization payments originally due between December 2025 and December 2027 to January 2028–January 2033. The company reported a 51% load factor and record quarterly bookings, with passenger cruise days increasing 63% year-over-year to 54.5 thousand. Vessel contribution margin reached $41 million, up 215% YoY, while shareholders injected $192 million in total support.
