Michael Giresi named Senior Vice President and CIO for Royal Caribbean Cruises Ltd.
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- Written by Teijo Niemelä Teijo Niemelä
- Category: Top Headlines Top Headlines
- Published: 31 August 2015 31 August 2015
Royal Caribbean Cruises Ltd. announced today that Michael Giresi has been named senior vice president and chief information officer. Giresi joins Royal Caribbean with more than 20 years of experience in implementing technology initiatives for leading brands including Tory Burch, LLC, Direct Brands, Inc., Godiva Chocolatier and The Estee Lauder Companies Inc. Giresi will report directly to Adam Goldstein, president and COO of Royal Caribbean Cruises Ltd.
"Michael's background and experience implementing leading edge technology, combined with the skills of our seasoned management team, will be vital as Royal Caribbean Cruises Ltd. continues to innovate and accelerate its global expansion,” said Goldstein. "His broad experience and proven leadership will provide the company with the necessary tools to marry technology solutions that will continue to differentiate us."
Giresi most recently served as senior vice president and CIO for Tory Burch, where he was responsible for the implementation of new infrastructure and technology initiatives for one of the fastest growing fashion brands in the world. Prior to that, Giresi was executive vice president and CIO at Direct Brands, Inc. Throughout his career, he has held various management positions, including CIO for Godiva Chocolatier and director of information technology for the Campbell Soup Company.
“I am looking forward for the opportunity to join Royal Caribbean, a company that stands for excellence in the travel industry,” said Giresi. “Working with the IT team, we will create the infrastructure necessary to move the company to the next level.”
Giresi graduated from Saint Joseph’s University’s Erivan K. Haub School of Business with a MBA, and from Seton Hall University with a B.A. in English.
Genting Hong Kong interim profit soars on sale gains
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- Written by Kari Reinikainen Kari Reinikainen
- Category: Top Headlines Top Headlines
- Published: 24 August 2015 24 August 2015
Gains from the previously published sales of shares in Norwegian Cruise Line Holding (NCLH) group helped Genting Hong Kong, the cruise and leisure industry group, to report a huge increase in net profit in the first half the year, the company said in a statement.
Net profit reached $2.16 billion compare to $216.7 million in the same period last year. Sale gains soared to $2.17 billion from $167.0 million. Revenues contracted slightly, to $275.0 million from $281.6 million.
The number of capacity days rose to 1.37 million from 1.29 million as a result of the acquisition of Crystal Cruises, the Los Angeles based luxury market operator, which was completed on 15 May.
Occupancy ratio rose to 69.4% from 68.7%, but gross yield fell to $193.2 from $200.5. Net yield, however, remained largely stable at $158.9 compared to $158.7 in the first six months of last year. Net cruise costs fell to $162.8 per capacity day from $179.4
“The stable Net Yield was mainly due to higher passenger ticket revenue as a result of the acquisition of Crystal Cruises, offset by lower onboard revenue attributable to lower gaming revenue,” Genting said.
Crystal in 2025: six ships, 10 river yachts, five ocean yachts, four aircraft - Rodriguez
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- Written by Kari Reinikainen Kari Reinikainen
- Category: Top Headlines Top Headlines
- Published: 22 August 2015 22 August 2015
Crystal Cruises, the luxury cruise company in the Genting Hong Kong group, plans to continue its expansion by investing in new vessels and aircraft, Edie Rodriguez, CEO and President of the company told Cruise Business.
Asked how Crystal would like in 2025, she said: "The fleet has six ships, five yachts, 10 river (yachts) and four aircraft." In addition, the company plans to expand into further new areas of which Rodriguez declined to discuss. "There will be investment in organic growth, the demand is there, so why not," she added.
Crystal currently has two cruise ships in the water and it plans to build three more at the Lloyd Werft shipyard in Germany from 2017 onwards. In addition, it will introduce a 62 passenger yacht called Crystal Esprit, which will enter service later this year after a major refit.
The company will also introduce two river yachts, one in the Rhine-Main-Danube river system and the other one on the Seine in 2017. A second luxury plane has been ordered following an earlier decision to enter the luxury air travel sector with a Boeing 787 Dreamliner. The second plane will be smaller, however, and offer 14 night tours compared to 28 night ones on the Dreamliner.
Rodriguez said that when she took up her current position two and a half years ago, her motto was "Seven ships to the seven seas and seven continents." However, since Crystal Cruises was acquired by Genting Hong Kong earlier this year, the chairman of the group had told her that ther Los Angeles based cruise shipping company could grow further than that.
Crystal currently generates slightly more than 50% of its business in North America, but the figure is likely to decrease as the company expands. "As far as English is your first or second language, you will be comfortable with Crystal," she said. However, as the company continues to generate healthy business in Japan, the home country of its previous owner, it makes special arrangements for Japanese passengers
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