Holistica

Royal Caribbean announces CEO of Holistica

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02Oct2019

Royal Caribbean and ITM Group have announced the CEO of its newly formed joint venture will be Carlos Torres de Navarra.

Torres de Navarra has 20 years of experience in port and destination development and has held numerous financial, commercial, strategic and business development roles at the world’s two largest cruise companies.

Holistica is a new company formed earlier this year between Royal Caribbean and ITM Group that seeks to develop cruise ports around the world.

Prior to joining Holistica Torres de Navarra most recently served as Vice President of Global Port and Destination Development for Carnival Corporation and previously as Vice President of Strategic and Commercial Port Development for Carnival Cruise Line.   Prior to joining Carnival, he spent seven years with Royal Caribbean Cruises Ltd. as Assistant Treasurer involved in business development, liquidity and capital planning, financial risk management, acquisitions, as well as port development.

“Carlos’ excellent reputation of building relationships and delivering on strategic and commercial initiatives makes him an ideal candidate to deliver on Holistica’s mission.” said Michael Bayley, President and CEO of Royal Caribbean International. “We are thrilled to have him on board to meet the needs of coastal communities, local governments, and land, sea, and air travelers helping design the future of destinations globally.” 

“Holistica is an organization led by a purpose – to make a positive and sustainable impact in destination development while exceeding the expectations of all stakeholders,” said Torres de Navarra. “I am honored and eager to help lead Holistica’s efforts around the globe and meet the growing demands of the cruise industry and its partner destinations.”

Royal Caribbean forms new joint venture to develop ports around the world

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24Jun2019

Royal Caribbean Cruises Ltd. announced today a new joint venture with ITM Group that seeks to develop cruise ports around the world.

The new company is called Holistica, and its goal is create an inclusive model for destination development that works holistically – thus the name – to meet the needs of coastal communities, local governments, and land, sea, and air travelers.

The first project for the new company is a $275 million development in Freeport, The Bahamas that is centered around the Grand Lucayan resort. The project includes ambitious plans for local ownership, employment, job training, community investment and sustainable construction practices.

In addition to the Freeport project, the companies said the new venture will own and operate destinations in Costa Maya, Mexico; Roatan, Honduras; and Kumamoto, Japan.

The partners have commenced a search for a CEO for the new company, which will be headquartered in Miami. 

"The continuing growth and rising popularity of cruise vacations make it clear that the sustainable development of coastal destinations, including the thoughtful evolution of existing ones, is in the travel industry's best interest," said Michael Bayley of RCL. "We have spent five decades learning what works and what doesn't, and we know the potential of strategic development to deliver extraordinary guest experiences and meet the needs of local communities."

Added Bayley: "Having more destinations, and developing them in a responsible manner, gives travelers greater vacation quality, and expands the landscape of available travel options as the tourism industry grows."