Royal Caribbean Group Announces Loan Program for Travel Advisors

Royal Caribbean Group, the cruise vacation company who owns Royal Caribbean International, Celebrity Cruises, Azamara and Silverseas, announced their plan to launch “Pay It Forward,” the second phase of their RCL Cares program, designed to support travel advisors.

The program will allow qualifying travel advisors to apply for a three-year, interest-free loan of up to $250,000 to be used to “keep their businesses focused on a return to growth at a time when the pandemic shows increasing prospects for coming under control.” The program has $40 million of funds to loan to 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. We’re going to get to the other side of this challenging time together.”

Details on the “Pay It Forward” program will be announced in January 2021.