July 23, 2014 9:49 PM ET

Hotels, Restaurants and Leisure

Company Overview of Princess Cruise Lines, Ltd.

Company Overview

Princess Cruise Lines, Ltd. owns and operates a fleet of cruise ships. It also offers tourism services in the United States and internationally. In addition, the company provides weddings, anniversaries, special gifts, and portraits services for the cruise industry. Its Princess eZAir program provides passengers and their travel agents the ease of a single booking source for both air and cruise reservations, with all transactions accessed online. The company was founded in 1965 and is based in Santa Clarita, California. Princess Cruise Lines, Ltd. operates as a subsidiary of Sunshine Shipping Corporation Ltd.

24844 Avenue Rockefeller

Santa Clarita, CA 91355

United States

Founded in 1965

Phone:

661-753-0000

Fax:

661-284-4747

Key Executives for Princess Cruise Lines, Ltd.

President
President of Princess Tours
Executive Vice President
Age: 61
Vice President of Sales
Vice President of Community and Public Affairs
Compensation as of Fiscal Year 2014.

Princess Cruise Lines, Ltd. Key Developments

Jan Swartz to Become President of Princess Cruises

Princess Cruises announced that Jan Swartz has been promoted to president of Princess Cruises, effective December 1, 2013. Reporting to Holland America Group CEO Stein Kruse, Swartz will oversee the Princess line's worldwide operations which includes 17 ships, 22,000 employees serving more than 1.4 million passengers annually. Swartz was appointed to her prior role of executive vice president, sales, marketing and customer service in January 2009, having previously served as senior vice president of customer service and sales for both the Princess and Cunard brands since 2004.

Princess Cruises Presents at 3rd Annual Cruise Shipping Asia-Pacific Forum, Oct-10-2013 03:00 PM

Princess Cruises Presents at 3rd Annual Cruise Shipping Asia-Pacific Forum, Oct-10-2013 03:00 PM. Venue: Marina Bay Sands, Singapore, Singapore. Speakers: Bruce Krumrine, Vice President, Shore Operations – Europe & Exotics.

Port of Houston Authority Reaches Agreement with Princess Cruises to Make Passenger Calls for Two Additional Cruise Seasons

The Port of Houston Authority has reached agreement with Princess Cruises to make passenger calls for two additional cruise seasons, in addition to the sailings that will kick off later this year in November at Bayport Cruise Terminal. The agreement, which was approved by the Port Commission of the Port of Houston Authority, calls for Princess Cruises to sail from the Bayport Cruise Terminal in Pasadena, Texas, during the 2014-2015 and 2015-2016 cruise seasons. Sailings are expected to generate as much as $155 million of economic impact over the confirmed three cruise seasons, according to the firm Martin Associates. An estimated $3 million in state and local taxes is anticipated. Additionally, a total of 736 direct, induced and indirect jobs will be created. The two-year extension also includes two one-year options, which could expand sailings by Princess into 2018. While 27 departures are planned for the cruise season starting in 2013, the new agreement will mean an additional 50 sailings. The Port Authority's initial agreement with Princess Cruises, announced last November, marks the first service scheduled with a cruise line to use the Bayport Cruise Terminal. Both Princess and the Port Authority project the cruise activity will have a significant positive impact on the economies of Harris County and the greater Houston area, including the cities of Houston and Pasadena. The inaugural cruise is an unprecedented sailing aboard Caribbean Princess to support U.S. veterans. The historic cruise, which will sail between Nov. 5 and Nov. 9, is expected to raise up to $1 million for two U.S. veterans organizations, the Vietnam Veterans Memorial Fund (VVMF) and Operation Homefront. Caribbean Princess will continue to sail from Bayport for the rest of the season.

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