Tag Archives: Norwegian Jade

Norwegian Cruise Occupancy Ramp Accelerates to Above 100%

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Norwegian Cruise Line Holdings had an average load factor of 101.5 per cent in the first quarter, according to company executives speaking on the corporation’s first quarter earnings call.

“We reached load factors of 101.5 per cent in the first quarter, exceeding our guidance and breaking triple-digit levels for the first time in three years with some voyages exceeding occupancy above 115 per cent,” said Harry Sommer, incoming president and CEO of Norwegian Cruise Line Holdings.

“With this significant achievement, we have also nearly closed the occupancy gap versus 2019 levels,” he said.

For the second quarter, Sommer said he expects 105 per cent occupancy on average across the fleet.

“This average is slightly below 2019 levels as a result of our strategic shift to longer, more immersive itinerary at the Norwegian Cruise Line brand, naturally resulting in fewer thirds and fourths, which is what historically pushes passenger occupancy above the 100 per cent mark, all while enhancing margin over time,” he explained.

Most Recent Occupancy Rates:

Q1 2022: 48%
Q2 2022: 65%
Q3 2022: 81%
Q4 2022: 87%

Norwegian Pearl Kicks Off Summer Program in Boston

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The Norwegian Pearl is in Boston today to kick off its 2023 summer program in the U.S. Northeast.

Following a winter season in the Caribbean, the Norwegian Cruise Line vessel is set to offer different itineraries to Bermuda, Canada and New England departing from the Massachusetts homeport.

Extending through mid-October, the program begins with a series of week-long cruises to Bermuda. In addition to two or three overnights in King’s Wharf, some of the itineraries also include a visit to Bar Harbor, in Maine.

Continuing its Boston-based season, the Norwegian Pearl offers itineraries to Canada and New England starting in mid-August.

The fall and foliage program comprises both roundtrip and open-jaw departures and continues through late October.

Also sailing from Quebec City, the ship’s week-long itineraries in the region feature visits to destinations such as Halifax, Saguenay, Sydney, Charlottetown and Portland.

Upon completing its schedule in the Northeast, the Norwegian Pearl is set to return to Florida for a winter season sailing from PortMiami.

Following the Norwegian Jewel and the Norwegian Jade, the Norwegian Pearl debuted in 2006 as the third ship in the Norwegian Cruise Line’s Jewel Class.

Built by the Meyer Werft shipyard in Germany, the vessel has 93,000 tons and a capacity for nearly 2,400 guests.

In 2016, the Pearl was included in the Norwegian Edge program and underwent a major revitalization that included the modernization of both its guest-facing and technical areas.

While a new scrubber system was added to reduce the ship’s emissions, for instance, the design of all of the public rooms and staterooms was updated.

According to Norwegian, the refit aimed at giving the Pearl a fresh and modern look, which included new art pieces, new carpets, new upholstery and more.

Another area that went through a complete refurbishment was The Haven, the vessel’s ship-within-a-ship luxury suite complex, with got new furniture and finishings.

Norwegian Cruise Line Confident in Europe 2023 Despite Baltic Limitations

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Norwegian Cruise Line Holdings is increasing its capacity by six per cent in Europe in 2023, coming at the expense of the Caribbean, according to Frank Del Rio, president and CEO, speaking on the company’s third-quarter earnings call.

He said that yields on ticket prices and onboard revenue for cruises in Europe were “dramatically better.”

And this is in despite of limitations in the Baltic, with ships not calling at Russia’s Saint Petersburg. 

“If you had asked me what is the single city in the world, port in the world that you cannot live without, I’d tell you it’s Saint Petersburg, and we lost it,” Del Rio said. “Very, very high yields, incredible shore excursion sales. So onboard revenue was just higher than any other itineraries that I can think of, and it’s a relatively long season. You can get (there) in mid-May and you can leave in mid-September.”

That limitation in 2022 sent one Norwegian ship elsewhere, as the Getaway moved to the Caribbean for the summer sailing from Port Canaveral.

“It did affect load factors and no question, it affected pricing. And the impact on EBITDA has to be in the tens of millions of dollars,” Del Rio explained.

But both the Baltic and the Mediterranean look encouraging for 2023, with Del Rio noting that Americans travelling to Europe book the highest cabin categories earliest.

“This revenge travel or pent-up demand that we’ve been talking about for months is really alive and well for Americans going to Europe,” he said.

“We believe that Europe is poised for an incredible 2023 season. That’s why we increased our capacity there by 6 percentage points of occupancy at the expense of the Caribbean. And I’ll take that trade all day long because the yields both on a ticket and on onboard revenue are so dramatically better for European cruises that we’ll take that trade.”