Princess finalized the order for its fifth Royal-class ship in 2016 from Italian shipbuilder Fincantieri and her keel was laid down on 14 February 2019 in Monfalcone.

[11] In April 2020, Princess announced that Fincantieri had temporarily closed its shipyards for six weeks amid the national outbreak of the COVID-19 pandemic in Italy, which resulted in delays affecting the ship's construction and delivery timeline.

[15] Enchanted Princess was originally scheduled to debut on 15 June 2020[8] but delays caused the ship to be delivered three months later on 30 September 2020 in Monfalcone.

[13] In November 2021, Princess named three women from The Explorers Club as the godmothers to christen the vessel: Lynn Danaher, Vicki Ferrini, and Jenifer Austin.

[3][12] However, amid the COVID-19 pandemic, Princess ceased operations through summer 2021, effectively cancelling the ship's debut year in Europe and the Caribbean.

[20] The ship sailed her maiden voyage on 10 November 2021 from Port Everglades, with calls at Princess Cays, St. Thomas, Dominica, Curaçao, and Aruba.