Royal Caribbean Cruises: Pay

Royal Caribbean Cruises paid its 5 named executives $51.4M in total in FY2025 (Dec). CEO Jason T. Liberty was paid $24.0M of that.

PayNo stock prices for these years
CEO pay is from each proxy. The stock line is the value of $100 put in the stock at the start, from the price change of each fiscal year. Dividends are not in it.

Pay of each named executive

Jason T. LibertyPresident and Chief Executive Officer
FY2025 (Dec)
FY2024 (Dec)
FY2023 (Dec)
FY2022 (Dec)
FY2021 (Dec)
5 years
Michael W. BayleyPresident and CEO, Royal Caribbean
FY2025 (Dec)
FY2024 (Dec)
FY2023 (Dec)
FY2022 (Dec)
FY2021 (Dec)
5 years
Naftali HoltzChief Financial Officer
FY2025 (Dec)
FY2024 (Dec)
FY2023 (Dec)
FY2022 (Dec)
4 years
Laura Hodges BethgePresident, Celebrity Cruises
FY2025 (Dec)
FY2024 (Dec)
FY2023 (Dec)
3 years
Harri U. KulovaaraEVP, Maritime
FY2025 (Dec)
FY2024 (Dec)
FY2023 (Dec)
FY2022 (Dec)
FY2021 (Dec)
5 years

CEO pay against the pay peers

In FY2024 (Dec), the median CEO pay of the 12 peers with pay on file was $22.7M. The CEO of Royal Caribbean Cruises was paid $19.5M, 14% below the median.

  1. 1Booking Holdings
  2. 2United Airlines Holdings
  3. 3Hilton Worldwide Holdings
  4. 4Delta Air Lines
  5. 5Yum Brands
  6. 6Carnival Corp
  7. 7Las Vegas Sands
  8. 8Royal Caribbean Cruises
  9. 9Chipotle Mexican Grill
  10. 10Wynn Resorts
  11. 11MGM Resorts International
  12. 12Norwegian Cruise Line Holdings
  13. 13Darden Restaurants
  14. 14American Airlines Group Inc.Not disclosed
  15. 15Caesars Entertainment, Inc.Not disclosed
  16. 16Domino's Pizza, Inc.Not disclosed
  17. 17Expedia GroupNot disclosed
  18. 18Hyatt Hotels CorporationNot disclosed
  19. 19Marriott International, Inc.Not disclosed
  20. 20McDonald's CorporationNot disclosed
  21. 21StarbucksNot disclosed

Pay of each named executive comes from the Summary Compensation Table of each proxy statement. Realized pay adds the value of options used and stock that vested. CEO pay of each peer comes from its own Pay versus Performance table.