Tag Archives: Norwegian Cruise Line Holdings

NCLH: Measured Cruise Capacity Growth at 28%

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A key cornerstone of Norwegian Cruise Line Holdings’ long-term strategy is measured capacity growth, said Harry Sommer, president and CEO, speaking on the company’s year-end and fourth quarter earnings call.

He pointed to the company’s newbuild pipeline of five ships and its 2023 to 2028 capacity growth, which represents 28 more supply for the company’s trio of brands in Norwegian, Oceania and Regent.

That averages out to a compound annual growth rate of five percent, he advised.

“Historically, capacity growth has led to outsized revenue and EBITDA growth and we expect this capacity growth to be no different and deliver meaningful top and bottom line growth,” Sommer noted.

“We believe that these measured capacity additions will enable us to further enhance our long-term profitability and continue to significantly strengthen our balance sheet while providing guests new and innovative experiences,” he said.

“We continue to experience strong and resilient customer demand across all three of our brands. The strong momentum we saw in 2023 has continued into 2024 with an all-time high booked position and pricing buoyed by strong wave season demand. This has led to some of the best booking weeks in the company history, which began with successful Black Friday and Cyber Monday promotions.

“In general, we continue to see healthy demand across all markets, brands and products.”

Norwegian Dawn: Mauritius blocks cruise ship over cholera fears

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Mauritius has denied a Norwegian cruise ship permission to dock at the capital Port Louis over fears of a potential cholera outbreak on board.

At least 15 people on the Norwegian Dawn have been in isolation over suspected illness.

Mauritian authorities said the decision to block the ship was “taken in order to avoid any health risks”.

Samples were taken for testing on Sunday, with results expected to be known on Tuesday.

The passengers developed mild symptoms of a stomach illness during a trip to South Africa, a representative of Norwegian Cruise Line Holdings said.

Mary Francovilla Dees, 69, a passenger on the Norwegian Dawn told the BBC that despite the delay the atmosphere on the ship has been “fairly calm”.

“The passengers on this ship have appeared to take this in their stride,” she said.

Ms Francovilla says passengers have entertained themselves by sitting by the pool, attending shows and going to the bar.

A Dutch passenger on board told BN DeStem they were told there could be a cholera outbreak on board by the captain.

There have been cholera outbreaks in southern Africa over the last few months, with Zambia being hardest hit.

Since January 2023, at least 188,000 people have been infected with cholera across seven countries in southern Africa, according to the UN. More than 3,000 people have died.

“The health and safety of passengers as well as that of the country as a whole are of the utmost to the authorities,” the Mauritius Ports Authority said.

The ship arrived in Mauritius on Saturday evening after arriving a day early because it did not stop in Réunion Island.

There are 2,184 passengers and 1,026 crew members on the ship. About 2,000 planned to disembark in Port Louis, with another 2,000 expected to board at the same time.

Those who were disembarking or joining the cruise will now do so on 27 February, the Norwegian Cruise Line spokesperson said.

Viking May Be Eying IPO

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Viking could be eyeing an initial public offering as soon as the second quarter of this year, according to a report from Bloomberg.

With a dominant position in the European river cruise market, a fleet of ocean-going cruise ships, two expedition ships, a joint venture in China and a Mississippi river operation, the company continues to expand in the cruise industry, with more riverboats and ocean-going ships on order.

If Viking were to list, it would join the other public cruise companies, including Carnival Corporation, Royal Caribbean Group, Norwegian Cruise Line Holdings and Lindblad Expeditions. Of those four, Lindblad was the last go to public in 2015.

According to Bloomberg, the IPO could raise over $500 million and Viking is said to be working with Bank of America, UBS, Wells Fargo and JP Morgan on the listing.