Pullmantur Cruises is a cruise line headquartered in Madrid, Spain. It began operations in the late 1990s as an offshoot of the Madrid-based travel agency Pullmantur. In 2006, Pullmantur Cruises, through its parent company, was purchased by US-based Royal Caribbean Cruises Ltd. but Royal Caribbean later sold a 51% stake in the cruise line to Spain-based investment firm Springwater Capital, retaining a 49% stake.
Pullmantur Cruises is the largest Spain-based cruise line. T Some of the company's ships operate an "all-inclusive" product, where some extras, such as brand alcoholic beverages, are included in the cruise price. Originally, most Pullmantur ships do not operate cruises for the company during the northern hemisphere winter season. Instead, they are either laid up or under charter to other cruise lines, such as the Brazil-based Viagens CVC.