Tag Archives: Scarlet Lady

Virgin Voyages has secured $550 million in new capital to support its growth plans

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Scalet Lady

The new funding – which was led by BlackRock and includes new external financing and additional capital from existing investors including Bain Capital Private Equity and Virgin Group – will enable the line to continue its growth strategy and further strengthen its financial position as demand “continues to gain momentum”. 

Tom McAlpin, chief executive of Virgin Voyages, said the company has created an “incredible project” that investors and consumers “truly believe in”.
 
“This additional capital comes at a time when we’re looking forward to exponential growth that will, in turn, help us achieve what we set out to accomplish,” he added.
The investment comes as Virgin reports “exponential growth in bookings” in the last six months, with this year tipped to see a strong return across the industry as cruising heads toward pre-pandemic levels. 

According to research carried out by the line, 96% of consumers are keen to cruise this year following two years of restrictions. 

Virgin’s Scarlet Lady Completes First Year in Service

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Virgin Voyages’ first cruise ship, the Scarlet Lady. completes its first year in service today.

After being delivered in early 2020, the 2,770-guest vessel saw its debut season postponed by over a year due to the COVID-19 pandemic.

With the entire cruise industry entering a global pause over the health emergency, the ship only received its first paying guests on August 6, 2021.

During the day, the Scarlet Lady departed Portsmouth, England, for a three-night ocean getaway.

Five additional UK sailings followed before the 140,000-ton vessel crossed the Atlantic for its inaugural season in the United States.

In September, the ship docked in New York City before arriving in Miami – its original homeport.

Over 18 months after the initial plans, the Scarlet Lady finally kicked off its inaugural voyage from PortMiami on October 6, 2021.

The vessel then started to offer a year-round program of four- and five-night cruises to the Caribbean and the Bahamas, with visits to Costa Maya, Amber Cove, Bimini and more.

Designed to reflect the sleek luxury of a yacht, the Scarlet Lady offers, according to Virgin, the intimate and elevated experience of a boutique hotel at sea.

An adults-only ship, it has over 20 dining venues, in addition to many entertainment options. One of the highlights is the vessel’s theatre, known as The Red Room.

Considered a transformational multi-form showroom, the area can be used with four different configurations – a traditional Proscenium stage, an alley stage used in fashion shows, a dance flat-floor configuration and a reverse stage setup.

Another unique feature is The Manor, a two-story, 1970s-style nightclub inspired by Virgin’s heritage in the music business.

Following the Scarlet Lady, a second cruise ship – the Valiant Lady – entered service for Virgin Voyages in March 2022.

Two additional vessels – the Resilient Lady and the Brilliant Lady – are also set to debut for the brand in 2023.

Virgin Voyages has delayed the launch of its third ship Resilient Lady

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The vessel had been scheduled to operate from Athens from mid-August

The vessel has been scheduled to operate from Athens from mid-August but will now not launch until the second quarter of 2023.

Virgin Voyages said the delay at the yard in Genoa “was not anticipated”, adding: “Resilient Lady will remain in Genoa getting onboard work completed, hitting the high seas next spring.”

It added: “Virgin Voyages did not land on this decision lightly, and despite making tremendous strides alongside the cruise industry as a whole, the brand is not immune to the global challenges the world is facing. 

“This includes supply chain obstacles, a level of regional uncertainty for international travellers in countries in Eastern Europe, crewing challenges based on government regulations and restrictive Covid entry requirements back into the US.” 

Passengers and agents are due to be informed of refunds and compensation advice in the next few days.

This includes a 200% Future Voyage Credit (FVC) or a full refund of the amount paid, plus 25% FVC.

Those that choose the 200% FVC and rebook in 2022 will get the option of another free voyage, excluding taxes and fees. There will also be assisted with travel changes and penalties.

Agents will have their commission protected on funds already paid.