The City of Long Beach celebrated the first anniversary of the RMS Queen Mary's return, revealing a positive uptick in the iconic ship's financial situation, along with updates on the expansion of operations and plans for future upgrades and development. The grand dame, which first welcomed guests aboard in December 2022 after a prolonged closure, has since played host to a remarkable 118,000 visitors, according to a statement from the city.
Long Beach Mayor Rex Richardson spoke to the ship's significance and its draw for international tourists. "The iconic Queen Mary continues to capture the hearts of so many people from around the world," he said in a statement obtained by City of Long Beach press releases. Richardson shared the city's ambition for the vessel and the adjacent land, considering its potential as a premier tourist destination. While the Queen Mary had foundered financially under private operators, with reported losses of over $31 million from 2007 to 2019, the current fiscal forecast looks much rosier, with anticipated earnings reported by the city.
In a refreshing turn of events since the city reclaimed control from private operators, the Queen Mary is now expected to bring in roughly $3.6 million from hotel stays and events. The Carnival Dome and parking garage revenues are anticipated to add another $4 million to the tally. Improved financial performance comes even as the ship continues a staggered reopening and expansion efforts, with net positive monthly earnings averaging $300,000 since the end of City’s 2023 fiscal year, as per details shared by the city.
First District Councilwoman Mary Zendejas highlighted the vessel’s significance to both residents and visitors. "This iconic landmark holds a special place in the hearts of Long Beach residents and visitors alike, and we are committed to ensuring its continued success and preservation," she told City of Long Beach press releases. The ship has undergone numerous improvements, including restoring the Observation Bar and renovating historic cabins. Steve Caloca, General Manager for Evolution Hospitality, also expressed optimism for the ship's future. "The Queen Mary’s brightest days are ahead of Her!" he said.
Long Beach is not only celebrating the Queen Mary’s resurgence but also looking ahead to further enhancements and developments. Upcoming projects include hotel room refurbishments, repairs to the elevator and smokestack, and the renovation of the Sun Deck, which is expected to amplify revenue. Additionally, the city is laying plans to transform approximately 43 acres of waterfront land into a state-of-the-art entertainment and mixed-use area. This forward-thinking initiative includes building a temporary amphitheater and considering the potential for marina upgrades and a cruise terminal improvement, all aimed at boosting tourism and generating revenue.
For more details on the RMS Queen Mary and the ongoing developments, updates can be found at the ship's official website and through its social media presence. More general information about the City of Long Beach and its offerings can be accessed at longbeach.gov/.
