Royal Caribbean Group Offers Interest Free Loans To Advisors
A blessing for some agencies struggling with financial disaster, during a difficult year, Royal Caribbean Group (RCL) announced on Monday that it “Pay next“and provide up to $ 40 million in interest-free business loans to travel counselors in the new year. That works out to up to $ 250,000 per agency, depending on specific circumstances. More details will be provided in January.
Here’s what you need to know:
Royal Caribbean Group’s “Pay It Forward” concept is the second phase of its success “”RCL TREATS‘to support its travel advisors as they seek to rebuild their business after a difficult 2020. to $ 250,000 to keep their businesses focused on a return to growth at a time when the pandemic shows increasing prospects for control.
“We know that our travel counselor friends are suffering too, and we will go through this difficult time together, as we always have,” said Richard Fain, Chairman and CEO of Royal Caribbean Group, in a press release. “Our travel partners have been strong with us for over 50 years, and we are determined to be there for them now. We will get to the other side of this difficult time together.
The break in cruises has put a strain on the finances of not only cruise lines, but also travel agencies large and small, the company said, adding that everyone involved has endured “an unprecedented nine months without sailing”. And while there is optimism that the travel industry is making a strong recovery from the pandemic, RCL said businesses still need cash during this slower-than-usual interim period of activity.
Matthew Upchurch, CEO of Virtuoso, said in a follow-up statement: “I would like to personally thank Richard and all of [RCL] team for this tangible example of a partner who understands that agencies and advisors are an extension of their intelligent direct-to-consumer strategy, and that your health and well-being directly affects theirs. “
Further details on the application process for the program would be shared directly with travel counselors in January.