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OneSpaWorld extends deal with Royal Caribbean

EditorEmilio Ghigini
Published 12/03/2024, 09:54 pm
© Reuters.

NASSAU - OneSpaWorld Holdings Limited (NASDAQ: NASDAQ:OSW), a leading provider of health and wellness services on cruise ships and at destination resorts, has solidified its long-standing partnership with Royal Caribbean (NYSE:RCL) International by entering into a new agreement that began on January 1, 2024.

This collaboration extends the company's three-decade relationship with the cruise line, granting OneSpaWorld the exclusive rights to operate wellness and fitness services across Royal Caribbean's fleet.

The deal includes the provision of a range of services such as wellness, beauty, acupuncture, medi-spa, and fitness on board Royal Caribbean's ships. OneSpaWorld will be responsible for these services on all existing ships, as well as upcoming ones like the Icon (NASDAQ:ICLR) of the Seas and Utopia of the Seas, which are expected to set sail in July 2024 and summer 2025, respectively.

Leonard Fluxman, Executive Chairman, CEO, and President of OneSpaWorld, expressed enthusiasm about the new multi-year agreement, which he believes will expand the company's growth potential by allowing it to serve new vessels that enter service during the term of the partnership.

OneSpaWorld, headquartered in Nassau, Bahamas, is recognized as one of the largest health and wellness services companies globally. It currently operates on 193 cruise ships and 51 destination resorts around the world, offering a wide array of premium services and products.

The company attributes its market position to its exceptional service standards, global recruitment, comprehensive training, and logistics platforms, as well as its history of service and product innovation over the past 65 years.

The press release from OneSpaWorld includes forward-looking statements which reflect the company's expectations for future performance. However, actual results may vary due to various risks and uncertainties, including those related to the impact of the COVID-19 pandemic and changes in the business environment. The company advises not to place undue reliance on these forward-looking statements, which are valid only as of their date.

This news article is based on a press release statement from OneSpaWorld Holdings Limited.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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