Royal Caribbean International SWOT Analysis, Competitors & USP

Royal Caribbean International

Parent Company

Royal Caribbean Cruises Ltd.

Category

Cruise & Shipping Industry

Sector

Tourism and Hospitality

Tagline/ Slogan

Get Out There

USP

Targets all income groups despite a niche industry

Royal Caribbean International STP

Segment

People looking for Luxury vacation

Target Group

Tourists with all types of income levels

Positioning

Enjoy the luxury at affordable rates

Royal Caribbean International SWOT Analysis

Strengths

Below is the Strengths, Weaknesses, Opportunities & Threats (SWOT) Analysis of Royal Caribbean International :

1. Strong market position covering substantial world market
2. High brand recognition
3. Increasing revenue streams
4. Highly satisfied customers

5.Newer ships are faster and more efficient

6. Good advertising and marketing make it a top of the mind brand

Weaknesses

1. Dependency on costly fuel means limited margins
2.Differentiation is limited compared to competitors hence brand loyalty is restricted

Opportunities

1. Growth potential from the developing economies
2. Increasing popularity of cruise vacations
3. Most of the past cruisers plan to cruise again within the next 3 years. This shows high retention rate

Threats

1. Security concerns due to shipwrecks may hurt demand

2. Pricey recreational activity so few people prefer it 
3. Slowdown in the developed economies

Royal Caribbean International Competition

Competitors

Below are the 2 main Royal Caribbean International competitors :

1. Carnival Corporation

2. Norwegian Cruise Line Holdings Ltd.