Wednesday, 28 February 2018

Norwegian Cruise Line Holdings' momentum accelerates into 2018

Norwegian Cruise Line Holdings' momentum accelerates into 2018


Norwegian Cruise Line Holdings' net income rose 23% last year to $780 million, as European pricing and bookings recovered faster than expected and the booking curve extended to a near-optimal length.
Revenue rose 10.7%, to $5.4 billion.
The Wave season for 2018 has started strong and the outlook for 2018 is bullish, driven by a strong economy and consumer demand, CEO Frank Del Rio said.
"This year is by far the most excited, the most energized and the most optimistic I have ever been at the start of a new year," Frank Del Rio said.
He said the strong demand environment of late 2016 and 2017 has "accelerated through this year's early Wave season, as both the number of bookings sold and the price points achieved reach record levels" across all three brands -- Norwegian Cruise Line, Regent Seven Seas Cruises and Oceania Cruises.
"Our overall booked position during the first seven weeks of 2018 further improved compared to the same time last year," he said.
He said on average NCLH guests are booking five weeks earlier than at the end of 2016.
Del Rio said the weak link if there is one, is China. "I don't think China is hitting on all cylinders as it can," he said, referencing the continued tensions with South Korea and the resulting uniformity of short cruise itineraries, which can only visit Japan. Nevertheless, he said China was profitable in 2017.