As result, RCCL was re-branded RCI-Royal Caribbean International () and RCCL was founded as the parent company of RCI and Celebrity. A decision was made to keep the two brands separate. The company was formed in 1997 when RCCL (Royal Caribbean Cruise Line/1968-established) purchased Celebrity Cruises (1988-established). RCG-Royal Caribbean Group ( / renamed in 2020 from RCCL-'Royal Caribbean Cruises Ltd') is based in Miami (Florida USA) and incorporated in Liberia.

As of 2020, RCG controlled ~24% of the global ship cruising market (fleet passenger capacity), had full ownership of 4 brands (RCI, Celebrity, Silversea, Azamara), 49% stake in Pullmantur (51% owned by Springwater Capital), 50% stake in TUI Cruises (50% owned by TUI AG), 19% stake in Wamos Air (fka Air Pullmantur). However, RCG owns the world's biggest passenger ships.

This Norwegian-American corporation is currently ranked the world's second-largest passenger shipping company (after Carnival Corporation/39% market share). RCI (Royal Caribbean International) is a subsidiary company and largest brand of RCG (Royal Caribbean Group, fka RCCL-Royal Caribbean Cruises Ltd).

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