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Monthly Archives: August 2023
Nuveen Q&A: There is lack of understanding over the potential of … – ESG Clarity
Posted: August 24, 2023 at 11:26 am
Conserving and using the oceans, seas and marine resources in a sustainable way is one of the aims of the United Nations Sustainable Development Goals, adopted by the United Nations in 2015 as a universal call to action to end poverty, protect the planet and ensure peace and prosperity by 2030.
More than three billion people depend on marine and coastal biodiversity for their livelihoods, and globally the market value of marine and coastal resources and industries is estimated at $3trn per year. Therefore, investment in the conservation of our marine environment is seen as the next frontier in the responsible investment market in the form of blue bonds.
See also: High Seas Treaty will boost interest, access and issuance of blue bonds
According to the UN Global Compact, blue bonds today are where green bonds were 10 years ago. The green bond market has seen rapid growth,with more than $1trn in total issuance, and blue bonds are poised to see a similarly strong market.
ESG Clarity spoke to Stephen Liberatore, head of ESG and impact, global fixed income, at Nuveen, to find out more about this emerging investment space.
Can you explain why investment in ocean conservation is so important?
The ocean covers more than 70% of the surface of our planet and is home to some of the most diverse, unexplored and unique habitats. However, due to increased ocean pollution from fishing, discarded plastic, oil spills and more, marine eco-systems are more vulnerable than ever before.
Blue bonds, a subset of green bonds, are relatively new to the market and provide investors with an instrument designed to support sustainable marine and fisheries projects, preserve local tourism and encourage sustainable ocean management practices. It is crucial we combine both public and private investment to mobilise resources to empower local communities and protect our oceans.
What kind of funds are investing in blue bonds?
Any institutionalinvestor can become involved in blue bonds, working alongside governments, conservation groups and other stakeholders to develop projects. For instance at Nuveen, we worked alongside The World Bank back in 2018 to launch the worlds first blue bond in the Seychelles, where we were the lead investor.
More recently in March this year, we acted as the anchor investor buying 80% (roughly $58m) of a rare blue bond designed to help finance debt relief for Barbados and protect its marine environment. The bond aimed to preserve local tourism and the fishery industries, the latter of which contributes to 40% of Barbadoss GDP, through sustainable ocean management practices in the Caribbean nation. It was the first time Nuveen allocated capital to a bond that is tied to a so-called debt-for-nature swap.
How do you measure the impact that blue bonds have?
For the Barbados Blue Bond, Nuveen uses impact data provided to the Marine Spatial Plan Steering Committee a body consisting of The Nature Conservancy, government officials and local stakeholders to monitor the progress of capital allocation and conservation targets.
What should be done to further incentivise investment in blue bonds?
In order to further incentivise investment in blue bonds, we need to continue raising awareness of their numerous benefits.
Blue bonds support local communities across the planet with a range of opportunities, including coral reef restoration, reducing the negative impact of fishing, for example moving away from nets to long lines, and increasing clean water resources.
One example to demonstrate their benefits is the recent Ecuador blue bond, which targeted the protection of marine resources in the Galapagos archipelago. The Galapagos are considered one of the most ecological diverse areas on the Earth and is designated a UNESCO World Heritage Site.One of the main environmental commitments of the transaction is the development of a 60,000 kilometre marine reserve including a 30,000 kilometre no-take zone where the protected hatcheries will support adjacent fishing grounds.
What hurdles are blocking the development of the blue bonds market?
Blue bonds are an emerging area of climate finance, so amongst certain investors there is a lack of understanding over their purpose and potential. Blue bonds are a fantastic innovation to enhance ocean and coastal preservation while providing economic benefit to the issuers and their citizens. Therefore, the need for education is more important than ever to ensure blue bonds continue to be supported and launched.
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Nuveen Q&A: There is lack of understanding over the potential of ... - ESG Clarity
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Musk’s Erratic Behavior May Be Caused By Escalating Drug Use, Associates Say – The Daily Beast
Posted: at 11:25 am
Elon Musk has long touted ketamine as an alternative to antidepressantsbut some of his associates suggested to The New Yorker that his personal use of the drug has been on the rise recently, perhaps contributing to his erratic behavior. A little bit of ketamine has an effect similar to alcohol. It can cause disinhibition, where you do and say things you otherwise would not, a leading ketamine researcher Amit Anand told the magazine, adding: You can feel grandiose and like you have special powers or special talents. People do impulsive things, they could do inadvisable things at work. Musk has apparently become more isolated, too, as his relationship with the press and some members of the public becomes more combative. His life just sucks, one colleague told The New Yorker. Its so stressful. Hes just so dedicated to these companies. He goes to sleep and wakes up answering e-mails. Ninety-nine per cent of people will never know someone that obsessed, and with that high a tolerance for sacrifice in their personal life.
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Musk's Erratic Behavior May Be Caused By Escalating Drug Use, Associates Say - The Daily Beast
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Keith Lee pitches Mr. Beast fight on Elon Musk vs. Mark Zuckerberg card – MMA Fighting
Posted: at 11:25 am
Keith Lee hopes to fight fellow influencer Mr. Beast on the undercard of the on-again, off-again Elon Musk vs. Mark Zuckerberg fight card.
Although the battle between the social media titans appears to be on the ropes, Lee on Wednesday pitched the idea of fighting Mr. Beast on his official Tik Tok account, which boasts 13.6 million followers.
I havent thought about fighting in a long time, and I mean no disrespect at all, I just think it would be a dope, entertaining fight, Lee said.
Mr. Beast got the social media world chirping when he posted a picture wearing boxing gloves alongside Logan Paul, who is currently training for a grudge match with Dillon Danis on Oct. 14.
Training for the undercard, wrote Beast, whos also known as Jimmy Donaldson.
Lee fought in MMA at 135 pounds. He said he is now about 185 pounds. Such is the life of a food influencer.
Im solid, though, he said with a smile.
Mr. Beast, who boasts 178 million subscribers on his insanely popular YouTube channel, was estimated by Lee to weigh around 190 pounds, a gap he said could easily be negotiated.
I know me and Jimmy share a lot of the same sentiments, so a portion of our proceeds can go to charity, Lee said.
The picture Mr. Beast posted was a pivot from his earlier stance on influencer boxing matches. In 2021, Donaldson told Colin and Samir that, while intriguing, he was too busy to make the commitment for a boxing match. He said this past year that he would need six months to prepare himself.
Is Mr. Beast ready to make the jump into the squared circle? Lee hopes to find out.
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Keith Lee pitches Mr. Beast fight on Elon Musk vs. Mark Zuckerberg card - MMA Fighting
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Elon Musk Is Apparently Making the US Government Quite Nervous – Futurism
Posted: at 11:25 am
SpaceX's Starlink satellite terminals have quickly become an essential tool in the arsenal of soldiers on the front lines in Ukraine. The small dishes allow them unfettered lines of communication, despite Russia's attempts to dismantle their networks.
The development has thrown SpaceX CEO Elon Musk right into the middle of a political crisis worrying, considering the mercurial CEO's unpredictable and often brash nature.
And that has Pentagon officials quaking in their boots, as journalist Ronan Farrow writes in a sprawling new feature for the New Yorker.
"Even though Musk is not technically a diplomat or statesman, I felt it was important to treat him as such, given the influence he had on this issue," former Under-Secretary of Defense for Policy at the Pentagon Colin Kahl told Farrow.
Musk's stance on the war in Ukraine has changed considerably since SpaceX initially started handing out terminals to soldiers in early 2022.
At first, his commitment to supporting the Ukrainian cause was palpable, seemingly celebrating the delivery of hundreds of terminals.
But over the coming months, and around 20,000 terminals later, Musk became weary of the costs SpaceX was accruing, tweeting that it was "unreasonable" for the company to keep supporting the growing data usage.
His purported meetings with Russian president Vladimir Putin also raised eyebrows, crystalizing Pentagon officials' concerns over Musk's involvement in the war.
At the time, Starlink communications broke down, throwing Ukrainian lines into chaos. According to the New Yorker's sources, the outages were likely the result of SpaceX intentionally cutting the cord via geofencing.
Meanwhile, in a particularly brazen Twitter thread on October 3, Musk suggested that Ukraine should surrender and give up Crimea as a peaceful outcome of the war.
"My inference was that he was getting nervous that Starlinks involvement was increasingly seen in Russia as enabling the Ukrainian war effort, and was looking for a way to placate Russian concerns," Kahl told Farrow.
Roughly a week after his controversial outpouring on Twitter, Musk denied having ever spoken to Putin about Ukraine, saying he'd only spoken to Putin roughly "18 months ago," and that the "subject matter was space."
Kahl, however, has a strikingly different recollection of events, with Musk reportedly looking at a Starlink activity map on his laptop during a meeting.
"This was, like, three minutes before he said, 'Well, I had this great conversation with Putin,'" Kahl told Farrow. "And we were, like, 'Oh, dear, this is not good.'"
Fortunately, for the front lines in Ukraine, Starlink connectivity has largely been stable with no major interruptions. On October 15, a clearly annoyed Musk announced that SpaceX would "just keep funding Ukraine govt for free" despite SpaceX "still losing money," a promise he has seemingly upheld ever since.
And it's not just Musk's tenuous relationship with Russia. SpaceX's decision to provide Ukrainian soldiers with Starlink has also come to alienate China which is complicated, considering Musk's close business ties with the country. Tesla has made considerable investments in China and runs a massive Shanghai-based plant.
The very existence of Musk's Starlink constellation has even raised concerns among Chinese officials, particularly when it comes to the possibility of unrestricted connectivity within the country's borders.
Seemingly in response, China has since announcedit's working on its own competing satellite network, which could allow it to rival Starlink's.
"The Starlink constellation has finally shown its military colors in the Russia-Ukraine conflict," one Beijing academic familiar with the project, told The Washington Post back in April. "The focus now is to accelerate the development of Chinas own constellation... and explore defensive measures against Starlink-type foreign satellites."
In short, Musk's tremendous influence on the international geopolitical stage has clearly rattled world powers, forcing them to contend with a billionaire business magnate the likes of which the world has never seen before.
Yet despite becoming a "hyper-exposed pop-culture figure," the scope and nature of his "power are less widely understood," Farrow wrote.
"Living in the world we live in, in which Elon runs this company and it is a private business under his control, we are living off his good graces," another Pentagon official told Farrow. "That sucks."
More on Musk and Russia: White House Freaked Out Over Elon Musk's Selfie With Top Russian Propagandist
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Elon Musk Is Apparently Making the US Government Quite Nervous - Futurism
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Elon Musk Says He ‘Looks Forward’ To Visiting India In 2024 – Benzinga India
Posted: at 11:25 am
Elon Musk, the maverick billionaire, has got India buzzing with a single tweet. I look forward to it, he declared, responding to a playful tweet about visiting India in 2024.
But heres the juicy bit: this isnt just a casual drop-in. Musks tweet comes on the heels of a rendezvous with Indias Prime Minister, Narendra Modi, in New York earlier this year. And Musk had then said that he was planning to visit the country sometime next year.
Now, if youre wondering why Musks India visit is making waves, heres the lowdown. Tesla, Musks electric car brainchild, has been eyeing the Indian market for a while. And while the tech mogul confidently stated that Teslas Indian debut is as soon as humanly possible, theres more to the story.
See also: Elon Musk Applauds Indias Budget-Friendly Chandrayaan 3 Ahead Of Moon Landing
Behind closed doors, Teslas been in intense talks about a potential investment in a plant and even a new, wallet-friendly $24,000 EV tailored for India. PM Modi is said to be personally overseeing these discussions.
News that Moves
Get Ring The Bell, Benzinga Indias weekly briefing. Designed specifically for investors like you.
But, theres a speed bump. Teslas been eager to zoom into India since 2019, but a hefty import duty on EVs is throwing a spanner in the works. With the cheapest Tesla ringing in at around 37 lakh, a 100% import duty could drive prices sky-high, potentially stalling Teslas Indian dream. But with Musks upcoming visit, who knows? Maybe its time for a game-changer.
Read next: Can Legacy Players Catch Up With Fintechs In The Digital Era? Orions Anoop Gala Answers
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Elon Musk Says He 'Looks Forward' To Visiting India In 2024 - Benzinga India
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Elon Musk, Sundar Pichai Applaud Chandrayaan-3’s Landing on … – The Weather Channel
Posted: at 11:25 am
On Thursday, Tesla and SpaceX CEO Elon Musk praised India for the successful landing of Chandrayaan-3 on the Moon, describing it as "super cool."
"Super cool!," Musk said, reacting to the successful launch.
He also congratulated the country for the landing of Chandrayaan-3 on the Moon.
"Congratulations India," he commented on one of ISRO's posts.
Even before the successful landing, Musk had shown support for India's Moon mission by saying "Good for India.
The world hailed the historic soft-landing of the Indian spacecraft on the Moons south pole surface on Wednesday.
Alphabet and Google CEO Sundar Pichai also congratulated the Indian space agency and the country for the successful landing of Chandrayaan-3 on the Moon.
What an incredible moment! Congratulations to @isro for the successful landing of #Chandrayaan3 on the moon, Pichai said in a post on X.
Today India became the first country to successfully achieve a soft landing on the southern polar region of the moon, he added.
With this historic feat, India became the first nation to make a successful landing on the Moon's south pole.
After landing successfully, ISRO posted on X: "Chandrayaan-3 Mission: 'India, I reached my destination and you too!' :Chandrayaan-3."
The lander landed after travelling about 3.84 lakh km for over 40 days.
The Chandrayaan-3 spacecraft comprises a propulsion module (weighing 2,148 kg), a lander (1,723.89 kg) and a rover (26 kg).
The 19 minutes of suspense and excitement began at 5.45 p.m. on Wednesday, as planned earlier, and ended at 6.05 p.m. with the lander touching down on the lunar soil.
**
The above article has been published from a wire source with minimal modifications to the headline and text.
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Elon Musk, Sundar Pichai Applaud Chandrayaan-3's Landing on ... - The Weather Channel
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Tesla CEO Elon Musk still isn’t ready to release hard information on … – Longview News-Journal
Posted: at 11:24 am
Tesla's most anticipated EV has been parked exclusively in the 'hype' portion of its life cycle since it was first announced in 2019. The Cybertruck has people excited, with reservations -- as recorded by a crowd-sourced data tracker -- well above one million, though the real number remains unknown.
Demand is so far off the hook, you cant even see the hook," Tesla (TSLA) - Get Free Report CEO Elon Musk said of the truck in July.
DON'T MISS: Tesla Rival Fisker Unveils Its All-Electric Cybertruck Competitor
The lengthy wait seems to be coming to a close; the Cybertruck entered production recently at the company's Gigafactory in Texas and will start to become available over the next few months. Reddit users, meanwhile, have been taking note of Cybertruck's in the wild, with one sharing an image of a Cybertruck being shipped through Pasadena, CA, and another showing a fleet of seven Cybertrucks being shipped through Santa Clarita.
View the original article to see embedded media.
Musk shared a photo of himself behind the wheel of a Cybertruck production candidate at the Gigafactory Wednesday, though some potential owners have had it with the endless hype around this car. They want specs, pricing and hard release dates. But Musk isn't ready to peel back the curtain just yet.
"Enough with the hype, let's get down to business. Please announce the specs, pricing and new estimated delivery event date," one Tesla owner saidon X (formerly Twitter), with another adding: "Can't wait to get specs and pricing at the handover event. When is that?"
But, as evidenced over the past four years, Musk is a patient businessman. He won't be rushed into anything he's not ready for.
More Tesla:
"When we are ready to do so, we will," he said in response. "While I think it is our best product ever, it is an extremely difficult product to build. We are in uncharted territory, because it is not like anything else."
Tesla's stock has slid throughout the month of August, falling to a low of $215 per share on Aug. 18 before ticking back up somewhat. It was down nearly 2% Thursday morning.
Forget Tesla Were all-in on this EV stock
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Tesla CEO Elon Musk still isn't ready to release hard information on ... - Longview News-Journal
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Tropical storms expected to land in Caribbean, Texas as forecasters watch 3 other systems – South Florida Sun Sentinel
Posted: at 11:23 am
Activity in the tropics is heating back up with a new system forecast to emerge and move into the Gulf of Mexico, potentially toward the U.S. Gulf Coast and Florida.
National Hurricane Center experts are also forecasting that Franklin will approach major hurricane strength before weeks end, as well as the regeneration of Tropical Storm Emily and a fourth disturbance being monitored in the central Atlantic.
As of 8 a.m. the area of low pressure expected to emerge in the eastern Gulf of Mexico was located over the northwestern Caribbean. It could form into a tropical depression in the Caribbean before heading north across the eastern Gulf of Mexico, forecasters said. Its odds of developing were up to 50% in the next seven days as of early Thursday.
Tropical Storm Franklin cut north through the Dominican Republic on Wednesday, delivering a deluge through the country and causing flooding in several areas. The storm emerged off the north coast of the island of Hispaniola on Wednesday evening, though heavy rains continued over the island early Thursday.
Franklin could become a hurricane by Saturday, approaching major hurricane strength, forecasters said Thursday. If it forms, it would be the second hurricane of the Atlantic season. Hurricane Don formed in late July, but was no threat to land.
As of 11 a.m., Franklin was moving northeast at 7 mph about 90 miles east-northeast of Grand Turk Island. Its tropical-storm-force winds extended as far as 115 miles from the center of the storm Thursday. Maximum sustained winds have increased to 60 mph with higher gusts.
While slow intensification is forecast over the next day and a half, more favorable upper-level conditions will allow Franklin to intensify in the following days. Franklin is expected to reach near major hurricane strength within the next four days, forecasters said in the latest advisory.
More than 350 people were in shelters in the Dominican Republic, where the Associated Press reported at least one dead and two missing in Franklins wake. Another 280 people were evacuated from their homes to safer ground, with at least six communities cut off by heavy rains, AP reported.
Officials were also concerned about Franklins impact in Haiti, which is prone to catastrophic flooding given the countrys severe erosion.
Haiti is among the most vulnerable countries in the world when it comes to the effects of extreme weather, said Jean-Martin Bauer, the World Food Programs director for Haiti. In June, a powerful thunderstorm that unleashed heavy rains left more than 40 people dead across the country.
The remnants of Tropical Storm Emily, which formed early Sunday and was downgraded to a post-tropical cyclone Monday, were more than 1,000 miles east-southeast of Bermuda as of 8 a.m. Thursday. The latest forecast said it was likely to regenerate into a tropical storm by Friday.
The storm is expected to move northward over the subtropical central Atlantic.
The disturbance several hundred miles west of the Cabo Verde Islands off Africas west coast was moving west-northwest to northwest across the central tropical Atlantic Wednesday evening, producing disorganized showers and thunderstorms.
The hurricane center said the disturbances circulation had become better defined since Tuesday, and it could slowly develop into a tropical depression by the weekend. It is expected to move into the central tropical Atlantic.
As of 8 a.m. Thursday, it had a 20% chance of developing within 48 hours and 40% within seven days, up from Wednesday.
The National Hurricane Center has been predicting an above-normal 2023 hurricane season as a result of ongoing record-breaking sea surface temperatures that continue to fight off the tempering effects of El Nio.
While sea surface temperatures have remained hot for longer than anticipated, El Nios effects, which typically reduce hurricane chances, have emerged more slowly.
The next named storm to form would be Idalia.
The NHC, which operates under the National Oceanic Atmospheric Administration, has forecast 14-21 named storms, including 6-11 hurricanes, and two to five major hurricanes.
Information from The Associated Press was used to supplement this report.
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Royal Caribbean’s most expensive specialty restaurant ever will take 3 hours and cost $200 per person – Royal Caribbean Blog
Posted: at 11:23 am
When Royal Caribbean's new cruise ship starts sailing, it will have its most ambitious and expensive extra-cost restaurant ever.
Royal Caribbean's Icon of the Seas is being designed from the water line up as a brand new evolution in cruising, and there are plenty of firsts, including20 unique dining options.
One of the new restaurants on Icon of the Seas will be a high-end specialty restaurant that offers a "taste of old New York" and it wont be cheap.
The cruise line calls it the Empire Supper Club, and this throwback restaurant is unlike any other dining venue on its ships so far. Top quality food along with entertainment in a paced meal is what Royal Caribbean hopes will be a very cool idea that provides another option for those seeking a refined meal.
Icon'smost elegant dining establishment is something brand new and has a lot of people curious what we can expect.
The Empire Supper Club looks to be the most elegant restaurant created by Royal Caribbean to date.
Guests will enjoy an eight-course meal, all paired with with cocktails that have been specially created for Royal Caribbean by a world renowned mixologist.Tony Abou-Ganim has worked with James Beard Award-winning chefs, Bellagio and more.
When you eat at the Empire Supper Club, expect an experience, not just dinner.
The venue can only seat 38 people and there will be only one seating per night, which means this will be a hot ticket to get into given its low capacity.
Each meal will take approximately three hours, and there will be a three-piece band playing, which means guests get not just a top quality meal, but entertainment too.
Royal Caribbean hopes it will be a throwback to old New York. Appropriately enough, you'll find the New York-themed restaurant in the part of the ship that is also inspired by the same city, Central Park.
While no prices have been listed yet, Royal Caribbean did give a ballpark estimate for how much a meal will cost.
In talking with travel agents recently,Royal Caribbean's Senior Vice President, Sales, Trade Support and Service, Vicki Freed, said she expects the price to be right around $200 per person.
"It'll probably be about $200 a person," she explained in talking about the restaurant. "We haven't landed exactly on the price, but it's going to be worth it because it's going to be a beautiful eight course meal paired with the mixologist, the cocktails and the wines."
Royal Caribbean has plenty of specialty restaurants that have cover charges, but none that have a per-person price tag approaching the Empire Supper Club.
In comparison, here are pricesfor other specialty restaurants from the upcoming inaugural sailing of Icon of the Seas (with a 10% discount off onboard prices):
While the price is higher than other restaurants, it's also different from any other specialty restaurant the cruise line has come up with.
While the Chef's Table experience on other ships is also a curated meal experience, The Empire Supper Club is taking things to a new level with the menu and drink pairings.
Royal Caribbean said caviar and wagyu beef would be among the items that we can expect to see on the menu (the full menu has not been released yet).
The high price tag isn't without merit, as Royal Caribbean wanted to come up with something that is substantially different from anything else.
Royal Caribbean Vice President Food & Beverage, Linken D'Souza, spoke about the Empire Supper Club a few months ago and he is excited to bring something so different to guests to try,"Empire Supper Club is what I would sayis the most elevated dining experience we've created at Royal Caribbean."
"Food will be paired with cocktails, and then we'll pair it with music as well. So it'll be a full immersive dining experience."
From the sounds of it, this will be an intimate setting.
Just as food and drinks get commonly paired together, Royal Caribbean thinks pairing music to the meal will add to the sensory experience.
As mentioned earlier, the menu isn't set yet, but Mr. D'Souza's team is working on a variety of concepts for the menu, including an elevated oyster course, butterflied Caesar salad, and even testing out a rabbit dish. Don't worry, even if the rabbit course makes it to the menu, Mr. D'Souza said there will be other meat options too to pick from.
"It's really a set menu that allows you with a couple of choices around entrees."
Almost all the ingredients will be American sourced ingredients to match the New York menu they are aiming for.
He used the word "elevated" a lot to describe the meal at Empire Supper Club because of how fundamentally different it will be from other restaurants, "it really is an elevated food experience that's tied together with a really elevated beverage experience."
"It's really challenging us to come up with food and now figure out how to pair it, because you can pair wine easily. But, we're saying how do we pair a cocktail in a really meaningful way so that it's really an experiential combination between the food and the cocktail, and now you're layering music."
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New Royal Caribbean Survey Shows the Spanish On Top – Cruise Hive
Posted: at 11:23 am
The importance of being able to watch sports among cruise ship passengers has been highlighted by a new study conducted by Royal Caribbean International.
The study unveils fascinating insights into the habits and preferences of cruise guests across Europe, especially among Spaniards, who are revealed to be the most sports-enthusiastic of all the nationalities surveyed.
Are you the kind of person that must watch their favorite sports while on a cruise, no matter what? Youre not alone, according to a recent Royal Caribbean survey.
According to the study, conducted in collaboration with OnePoll and involving 14,000 respondents across Spain, Germany, Italy, Ireland, Norway, the United Kingdom, and Sweden, an impressive 37% of Spaniards plan to follow sports competitions during their vacations this year.
Formula 1 takes the lead, with 47% of cruise passengers from Spain planning to watch races while onboard, most likely due to the ever-increasing popularity of star F1 driver Fernando Alonso, who hails from Spain. The racing is followed by Premier League Football at 27% and Wimbledon at 22%.
Among youngsters and women, the Womens World Cup soccer, which concluded on August 20 with a win for Spain, ranks highly.
The study further shows that sports engagement is even more significant among Spanish youth, with 50% of those under 34 planning to follow sports on a cruise.
However, its not just watching sports that ranks highly while on a cruise. The opportunities to participate in sports while onboard are an essential part of choosing a cruise.
61% of Spaniards wish for more opportunities for their children to engage in sports during vacations, outpacing the UK at 51%. 23% of Spaniards actively engage in sports during vacation, and 28% specifically travel to enjoy live sports.
Sergio Arevalo, head of sales for Spain at Royal Caribbean International, explains the appeal:Royal Caribbean vacations offer everything sports fans of all ages could ask for in a getaway. Not only can you watch sports together, but you can also do sports together.
With 140 surfboards, more than 1,015 ice skates, 660 golf clubs, and more on ships like Symphony of the Seas, theres a wide range of sports to enjoy onboard for friends and family to play or cheer from the stands as they bond and create vacation memories.
Of course, Royal Caribbean wouldnt release a sports survey without good reason. With eight cruise ships sailing in Europe next summer from nine homeports, the cruise line is eager to draw in the crowds while ensuring they wont have to miss their favorite sports during their cruise.
Royal Caribbeans ships provide extensive facilities for both watching and participating in sports. Guests can catch the live action of summer sporting events at popular venues like Playmakers.
For those who want to participate, Royal Caribbean offers many sports activities, including climbing walls, zip lines, surf simulators, and basketball courts.
Royal Caribbean will cover the entire of Europe next summer, with cruises onboard Anthem of the Seas, Oasis of the Seas, Jewel of the Seas, Serenade of the Seas, Odyssey of the Seas, Voyage of the Seas, and Explorer of the Seas.
Destinations include Mediterranean destinations such as Spain, Italy, France, Malta, Croatia, Greece, and Turkey. Ships will also sail to Northern Europe and the Baltic, Iceland, and Western European destinations such as The Netherlands, Belgium, and Germany.
Guests are unlikely to find all sports matches streamed onboard. However, internet speeds have improved in the last year or so onboard cruise ships, especially with the release of Starlink Maritime, so keeping up to date with your favorite sports team will likely be fine.
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New Royal Caribbean Survey Shows the Spanish On Top - Cruise Hive
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