United Kingdom
United States
Asia Pacific
Royal Caribbean offering interest-free agent loans
Royal Caribbean Group is putting up $40 million to help keep its best agents in business.
Royal Caribbean Group’s ‘Pay It Forward’ initiative will provide interest-free loans to agencies of up to $250,000.
It will share more details about the loan facility in the New Year.
It is part of the RCL CARES’ program to support its travel advisors.
"We know our travel advisor friends are suffering, too, and we will get through this tough period together, just as we always have," said Richard Fain, Royal Caribbean Group’s chairman and CEO.
"Our travel partners have stood strong beside us for more than 50 years, and we are determined to be there for them now."
The ‘unprecedented nine months without sailing’ has caused major strain on agencies, especially cruise specialists, the cruise line said.
While there is optimism for a cruise restart in 2021, it will be slower-than-usual business for the first few months.
Written by Ray Montgomery, US Editor
Related News Stories:
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
Robert Terrell: A Journey Through BB King’s Influence
Rochelle Hicks: Celebrating Mississippi’s Musical Legacy
Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
Dozens fall ill in P&O Cruises ship outbreak
Turkish Airlines flight in emergency landing after pilot dies
Boy falls to death on cruise ship
Unexpected wave rocks cruise ship
Storm Lilian travel chaos as bank holiday flights cancelled