NCLH Reveals Development Plans for Great Stirrup Cay

NCLH Reveals Development Plans for Great Stirrup Cay

Norwegian Cruise Line Holdings Ltd. (NCLH) has announced plans to build new amenities and enhancements at Great Stirrup Cay.

The company said in a press release that the enhancements include a new welcome center and pool area with a swim-up bar, family splash pad and poolside cabanas. An island-wide tram system will also be added. These will debut along with a multi-ship pier later this year.

During the company’s christening ceremony for the Norwegian Aqua in Miami, David J. Herrera, president of Norwegian Cruise Line, said: “We are unveiling that Great Stirrup Cay is getting even greater with more to do! Later this year, we will launch new experiences for our guests to enjoy on this already incredible private island.”

These, according to the company, include a relaxation area with hammocks and other Tiki-inspired amenities and experiences.

The company said in a press release that several onboard premium concepts featured on Norwegian Cruise Line ships will also come to the island, including the adults-only Vibe Beach Club and Horizon Park, a recreation and lawn games area.

“These newly announced enhancements to Great Stirrup Cay will further improve the guest experience on the island, which is already one of our top-rated destinations worldwide,” said Sommer.

“Along with completing a new multi-ship pier later this year, we’re improving both access and amenities on the island. As we anticipate annual guest visits to exceed one million by 2026, we are actively evaluating additional investments in the island to support that growth and expand the amenities our guests can enjoy,” added Sommer.

“Great Stirrup Cay has long been a guest favorite. These new additions will take the private island experience to the next level by offering our guests even more and the continued freedom and flexibility to design their best vacation,” said David J. Herrera, president of Norwegian Cruise Line.

“We look forward to adding more exciting and guest-centric experience on Great Stirrup Cay in the future,” added Herrera.

Royal Caribbean and NCLH Announce Q1 Call Dates

Royal Caribbean and NCLH Announce Q1 Call Dates

Norwegian Bliss photo credit Spacejunkie2 Flickr

Royal Caribbean Group has scheduled a conference call for 10:00 a.m. Eastern Time on Tuesday, April 29, 2025, to discuss the company’s first quarter 2025 financial results.

The call will be simultaneously webcast on the company’s investor relations website, rclinvestor.com.

In addition, Norwegian Cruise Line Holdings Ltd. will report its first quarter 2025 financial results on Wednesday, April 30, 2025, at 6:30 a.m. Eastern Time.

The conference call will be webcast via the Company’s Investor Relations website, https://www.nclhltd.com/investors.

Webcast replays of both calls will be available on the company websites for 30 days following the calls.

NCLH To Remove 5,000+ Berths from Fleet by 2027

NCLH To Remove 5,000+ Berths from Fleet by 2027

Norwegian Cruise Line Holdings will remove over 5,000 berths from service by 2027, with four ships now set to exit the line’s trio of brands.

After previously announcing the departures of Regent’s Seven Seas Navigator and Oceania’s Insignia, NCLH confirmed on Monday that it is also retiring the Norwegian Sky and the Norwegian Sun.

Currently in service for Norwegian Cruise Line, the 2,000-guest sister ships will be handed over to Cordelia Cruises in 2026 and 2027, respectively.

With the Seven Seas Navigator and the Insignia being handed over to Crescent Seas in 2026 and 2027, the NCLH fleet will see a reduction of roughly 5,200 berths over the next two years.

Pursuing an aggressive newbuild strategy, the company will add new vessels to offset this reduction.

All of NCLH’s three brands are welcoming new ships over the next three years, including Oceania, which is taking delivery of new vessels in 2025 and 2027, adding 2,650 berths to its fleet

Regent Seven Seas also welcomes a new vessel, the Seven Seas Prestige. The 850-guest ship is scheduled to enter service in 2026.

Norwegian Cruise Line is set to take delivery of two Prima-class ships during the timeframe, including the 3,571-guest Norwegian Luna in 2026. The company will also welcome a fifth ship in the Prima series in 2027. This follows the new Norwegian Aqua, which was delivered by Fincantieri in March.

According to CIN data, the five new vessels will add more than 10,000 berths to Norwegian Cruise Line Holdings’ fleet.

For a breakdown of the company’s fleet, see the Global Cruise Ship Index by Cruise Industry News,

NCLH and Royal Caribbean on Steepest Growth Curve to 2033

NCLH and Royal Caribbean on Steepest Growth Curve to 2033

Norwegian Cruise Line Holdings has set an aggressive growth course to 2033, increasing its estimated annual passenger capacity from about 2.8 million at the start of 2025 to more than 4.2 million by 2033, a 50 percent increase or approximately 5.5 percent each year, according to the 2025 Cruise Industry News Annual Report.

Royal Caribbean Group will grow its capacity from an estimated 8.5 million to 10.8 million guests, for a 27 percent increase over the 2025-2033 time period, or 3 percent per year.

MSC Cruises, including Explora Journeys, is closely behind Royal Caribbean’s growth curve, going from a 4.2 million passenger capacity at the start of the year to 5.2 million in 2033, and a 25 percent increase, or less than 3 percent per year.

Carnival Corporation will have the most modest growth over the period, based on its current orderbook, going from an annual passenger capacity of 12.6 million at the start of 2025 to 13.9 million in 2033, for a 10 percent increase, or about 1.1 percent per year.

And while Carnival Corporation remains the largest company with a market share of 31.8 percent, based on its existing brands and fleets, the single largest brand by 2033 will be Royal Caribbean International with a market share of 18 percent and 24.6 per cent for the group as a whole.

MSC will have a market share of 11.8 percent and NCLH 9.7 percent.

The 2025 Cruise Industry News Annual Report is available in digital and printed formats. Order today by clicking here.

 

Norwegian Removes Bonaire From Two Viva Itineraries

Norwegian Removes Bonaire From Two Viva Itineraries

Norwegian Cruise Line is removing scheduled visits to Kralendijk in Bonaire from two of Norwegian Viva’s upcoming cruises.

According to a statement sent to booked guests, the sailings scheduled to depart on Feb. 16 and Feb. 23, 2025, will no longer visit the port of call.

“We are committed to providing the best vacations at sea and have been working tirelessly to continue elevating the quality of the overall guest experience while positively impacting society and the environment,” Norwegian Cruise Line said.

“As we continue to optimize itineraries for enhanced port and shore excursion availability for the ultimate vacation experience, fuel optimization as a part of our commitment to the environment and sustainability efforts, as well as global maritime regulations, we have adjusted our original itinerary,” the company added in its statement.

Sailing roundtrip from San Juan, Puerto Rico, the itinerary of the affected voyages sail to the Southern and Eastern Caribbean.

“We recognize the importance that destinations play in our guests’ vacation decision-making process and assure you that these modifications were made with an optimal guest experience top-of-mind,” Norwegian continued.

The company added that, while the visit to Bonaire has been dropped, the revised itinerary now includes extended visits to La Romana, Dominican Republic; Oranjestad, Aruba; Willemstad, Curacao; Castries, St. Lucia; and Basseterre, St. Kitts.

According to the statement, shore excursions booked through Norwegian for Kralendijk, Bonaire, will be automatically cancelled.

A full monetary refund of the fare paid will be returned to the form of payment used at the time of reservation.

Norwegian also is said to be adjusting shore excursions in other ports of call to coincide with the new times in port.

Spending the winter in the region, the Norwegian Viva is scheduled to offer a series of week-long cruises to the Southern and Eastern Caribbean between mid-December and mid-April.

Sailing from Puerto Rico, the schedule of the 2023-built ship also features visits to Tortola, St. Maarten, Barbados, St. Thomas and more.

Norwegian Cruise Line to Host 2024 Investor Day

Norwegian Cruise Line to Host 2024 Investor Day

Norwegian Cruise Line Holdings announced that it will host its 2024 Investor Day on May 20 at the New York Stock Exchange, NYC.

According to a press release, the event will feature presentations and a Q&A session with Harry Sommer, president and chief executive officer, as well as other members of the company’s senior leadership team.

Attendance at the live event is by invitation only and will be broadcast online, available to all interested parties. A replay of the webcast and related slide presentations will remain accessible on NCL’s website for an additional 30 days.

S&P Upgrades Norwegian Cruise Line Credit Rating

Norwegian Bliss in Ponta Delgarda, Azores photo credit Spacejunkie2 Flickr Account

Norwegian Cruise Line Holdings today announced that S&P Global Ratings (S&P) has recently upgraded NCLC’s (NCL Corporation, a subsidiary of Norwegian Cruise Line Holdings) issuer credit rating and issue-level ratings.

NCLC’s issuer credit rating has been upgraded to B+, marking a notable improvement in the company’s creditworthiness, according to a press release.

In addition, S&P has raised the issue-level ratings on NCLC’s existing secured and unsecured debt. The company’s senior secured debt ratings were raised to BB/BB- and its unsecured debt rating was upgraded two notches to B.

S&P highlighted several factors for the upgrade, including NCLC’s current forward-booked position, increased capacity, occupancy recovery, and higher pricing providing good revenue and cash flow visibility for 2024. In addition, S&P noted that the Company’s leverage will benefit from higher revenue, EBITDA, and cash as it generates a full year of operations from its 2023 ship deliveries, without incurring incremental ship delivery debt in 2024.

Further enhancing its financial position, on March 7, 2024, the company successfully completed the refinancing of its $650 million backstop commitment. This commitment has been refinanced from a secured to an unsecured commitment, and as part of this refinancing, the company has repaid its $250 million 9.75% senior secured notes due 2028, eliminating its highest interest rate debt.

“The upgraded ratings are an important recognition of the strength of our business and our ability to reduce leverage,” commented Mark A. Kempa, executive vice president and chief financial officer of Norwegian Cruise Line Holdings Ltd. He continued, “Our recent refinancing, which reduces interest costs while releasing the related collateral, is a clear demonstration of our commitment to de-levering and improving our balance sheet.”

NCLH: Measured Cruise Capacity Growth at 28%

NCLH: Measured Cruise Capacity Growth at 28%

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.”

NCLH Concentrating on Product, People and Partnerships

NCLH Concentrating on Product, People and Partnerships

Harry Sommer, president and CEO of Norwegian Cruise Line Holdings, said his strategy is built on the three Ps: product, people and partnerships.

Speaking aboard the brand new Regent Seven Seas Grandeur, Sommer said he was not worried about the influx of new luxury cruise competition, pointing to new tonnage from The Ritz-Carlton Yacht Collection and Explora Journeys, but instead was focused on competing with luxury hotels.

“We are super focused and passionate on delivering an unrivaled product to our guests across all three brands,” said Sommer. “The three brands are different. NCL is in the contemporary space. Oceania is in the upper premium and foodie space that we created, and Regent is in the ultra-luxury space.

“When you know your main mission in life is to deliver an outstanding product to guests it really focuses everyone on what they are doing,” Sommer continued.

Since taking the helm at Norwegian Cruise Line Holdings earlier this year, Sommer said he had visited about half of the ships in the company’s 32-ship fleet and has plans to visit the rest in 2024. He said when he’s aboard he makes time to meet with the captain, general manager and also talks to crew and guests.

“I sit down with guests and ask them what they like, and about challenges and what we can improve,” Sommer explained, noting he held a forum aboard the Grandeur, talking to some of Regent’s most loyal guests and asking for feedback.

The second P in his arsenal is for people, with Sommer noting the company’s 40,000 employees both shipboard and shoreside.

For partnerships, Sommer pointed to the high commission rates Regent pays its travel advisor partners, and said the company was committed to being the easiest and most profitable cruise line to do business with.

“I know the commissions we give the trade are the highest by far in the industry mostly due to our all-inclusive packaging,” Sommer said. “We essentially pay commission on everything.”

 

Sommer: New NCLH Leadership Brings ‘Fresh Perspective and Energy’

Sommer: New NCLH Leadership Brings ‘Fresh Perspective and Energy’

“With new leadership not only in my seat but in all three of our award-winning brands and most recently for our vessel operation function, there is a possible feeling of reinvigoration and excitement about the future across the entire company,” said Harry Sommer, president and CEO of Norwegian Cruise Line Holdings (NCLH), speaking on the company’s second-quarter earnings call.

Sommer took over as president and CEO of the company earlier this year, following Frank Del Rio’s retirement.

“We are approaching every decision with fresh perspective and new energy, challenging the status quo at every level and encouraging our entire team to think outside of the box and come to the table with new ideas, however big or small,” Sommer said, noting his focus is on the future and how to refine and enhance our strategy to optimize the company’s existing fleet of high-quality assets, further differentiate the business model, build resiliency, advance efforts to drive a positive impact on society in the environment and ultimately drive more value.

“Our executive team has an average of over 20 years in the cruise industry and nearly all have been with NCLH for a decade plus,” he continued.

“I have the unlost confidence that this team is the right one to take the company to even greater heights.”

Norwegian Cruise Occupancy Ramp Accelerates to Above 100%

Norwegian Cruise Occupancy Ramp Accelerates to Above 100%

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 Sets New Targets Towards Zero Emissions

Norwegian Sets New Targets Towards Zero Emissions

Norwegian Cruise Line Holdings launched an updated climate action strategy with short- and near-term greenhouse gas targets towards achieving net zero by 2050, according to a press release.

“We are proud to further refine and strengthen our climate action strategy and commitments including by setting milestone GHG intensity reduction targets which will guide us on our ambitious pursuit of net zero by 2050,” said Harry Sommer, president and chief executive officer-elect of Norwegian Cruise Line Holdings.

“Every aspect of our business from shoreside to shipboard is responsible for doing their part to design, deliver and demonstrate results for decarbonization and our Board of Directors has reinforced this expectation by establishing shared accountability and tying incentives for our entire management team to this critical effort. We also recently took an important step forward on our pursuit of net zero by announcing the modification of two of our future Prima Class newbuilds to accommodate the use of green methanol in the future.”

The key components of the new targets include reducing greenhouse gas emissions intensity by 10 per cent by 2026 and 25 per cent by 2030. These include emissions from the company’s fleet islands and facilities as well as fuel- and energy-related activities. The new targets serve to support NCLH’s existing strategy for achieving net zero by 2050. 

“We are also activating and mobilizing our full network of team members, ports and destinations, suppliers and partners, and guests to act now and join us on this transformative journey, further amplifying the efforts we could achieve on our own,” added Sommer.

The updated climate action strategy is centred around efficiency, innovation and collaboration. The company continues to invest in systems and technologies aimed at optimizing efficiency, such as HVAC system upgrades and waste heat recovery systems. NCLH is also working on long-term solutions including technologies that help support the ability to operate using green fuels.

The company has already completed tests of biofuel on several ships, using a blend of about 30 per cent biofuel and 70 marine gas. Long term, NCLH is also planning on using green methanol which would result in a drastic reduction in emissions and up to 95 per cent reduction in CO2 and has announced Prima ships five and six will be methanol ready.

Achieving net zero will require collaboration across the company’s network of stakeholders.

“We are encouraged to see the significant progress and momentum across sectors to decarbonize, but fundamental challenges continue to exist for the cruise industry to fully decarbonize by 2050,” said Jessica John, vice president of ESG, Investor Relations and Corporate Communications of Norwegian Cruise Line Holdings Ltd.

“Rather than waiting for these challenges to dissolve, our strategy is about acting now to implement solutions for efficiency today, innovate for future solutions and collaborate with our stakeholders along the way. Underpinning this strategy is good governance and effective risk management as we work to advance our climate action efforts and build our Company’s resilience.”

NCLH Records Record-Breaking Wave Season

Norwegian Cruise Line Holdings (NCLH) has entered 2023 with a record-booked position at a higher price, with each of its three brands experiencing "record-breaking" wave periods.

The Norwegian Cruise Line (NCL), Oceania Cruise and Regent Seven Seas Cruises parent has seen "very strong" demand so far in 2023, according to a recent trading update covering the fourth quarter and full year to 31 December 2022. 

 

The company entered the year with a cumulative booked position of approximately 62% for 2023, in line with previously outlined expectations and within the firm’s optimal 60% to 65% range, and at higher prices than 2019 at a similar point in time.

 

Booking volumes have accelerated in recent months buoyed by strong wave season demand, NCLH said, with its brands achieving several booking records in recent months.

 

As a result, the full-year 2023 cumulative booked position is ahead of 2019 levels inclusive of the company’s 19% increase in capacity.

 

NCLH expects this positive momentum to continue throughout the year, with occupancy expected to average 100% for the first quarter and is on track to reach "historical levels" for the second quarter.

 

As of 31 December 2022, the company’s advance ticket sales balance, including the long-term portion, was $2.7 billion, approximately 9% higher than the prior quarter and approximately 30% greater than at year-end 2019.

Norwegian Cruise Line Holdings Completes Biofuel Trial

Norwegian Cruise Line Holdings Completes Biofuel Trial

PRIO, a producer of biofuels in Portugal, and Norwegian Cruise Line Holdings in collaboration with World Fuel Services (WFS) have successfully completed the first trials with sustainable biofuels produced in Portugal, according to a press release.

Following the launch of ECO Bunkers B15 and taking the first step towards the decarbonization of maritime transport in the Iberian Peninsula, PRIO has announced a blend of Biofuels with 30 per cent renewable base material.

This milestone was achieved in collaboration with Norwegian Cruise Line Holdings and the Florida-based energy and services company World Fuel Services.

The new fuel, ECO Bunkers B30, contains a blend of 30 per cent of advanced biofuel from waste raw materials and it is produced at PRIO’s biodiesel plant in Aveiro. This enables the company to scale up production as demand increases and to adjust the percentage of Biodiesel blends (up to a 100 per cent renewable product).

Luis Nunes, a member of PRIO’s Executive Board said: “Advanced biofuels, produced from residual raw materials, i.e., the result of circular economy, are the solution of the present and that allows us to immediately meet the growing needs of our clients. They are “drop-in” solutions, meaning that they did not require any modifications to the engine or tank of Norwegian Cruise Line Holdings’ cruise ships and, in this way, allowed an immediate impact without any need for additional investment in these ships.

“We are at a crucial moment in the world’s response to climate and biodiversity emergencies, so PRIO believes we can already accelerate the energy transition if we increase the contribution of advanced biofuels in the maritime sector,” he added.

PRIO has established itself as the ideal partner for maritime companies on the road toward decarbonization of the sector.

With the help of World Fuel Services, two Norwegian Cruise Line Holdings ships were fueled with a total of 400 tons of B30 supplied by PRIO last year.

The Norwegian Star received 200 tons of ECO Bunkers B30 in Lisbon in November.

The following week, the Norwegian Epic, received another 200 tons of ECO Bunkers B30. This has enabled the cruise company to avoid approximately 440 tons of CO2 emissions.

 

NCL REINTRODUCES COVID-19 TESTS FOR GUESTS EMBARKING IN CHINA

Norwegian Star arriving in Liverpool photo credit Spacejunkie2 (Flickr)

Norwegian Cruise Line has reintroduced Covid-19 testing for all guests who have visited mainland China 10 days before embarkation as cases in the country continue to rise.

The move comes as a result of growing concerns regarding the virus in China, as well as recently implemented travel restrictions by countries including the UK and the US.

 

Between 5-31 January, guests who have visited mainland China, Hong Kong, or Macau within 10 days prior to embarkation will be required to submit proof of a negative medically supervised PCR test taken within 48 hours prior to the beginning of travel to the port.

 

This also applies to guests transiting through an airport in one of the countries within 10 days prior to embarkation.

Additionally, guests will be required to take a medically supervised PCR test at the port within eight hours of embarkation and will be required to test onboard the ship every 48 hours until 10 days have passed from their last time in China, Hong Kong, or Macau.

Passengers must also be fully vaccinated and boosted with a World Health Organization-approved vaccine prior to embarkation.

It comes after the EU recommended all passengers travelling from China to the EU should be required to provide evidence of a recent negative test for Covid-19.

 

China’s foreign ministry spokesperson this week said the restrictions being imposed on travellers from China "lacked scientific basis", adding the Chinese government would now consider reciprocal countermeasures.

Norwegian Cruise Line Ordered to Pay $110 Million in Cuba Court Case

Norwegian Cruise Line Ordered to Pay $110 Million in Cuba Court Case

Norwegian Cruise Line Holdings has been ordered to pay approximately $110 million in damages for use of the Havana port, according to a U.S. judge who ruled in the case Friday.

The case, ongoing for some time, was ruled in favour of the Havana Docks Corp., which essentially argued that the cruise line’s use of the Havana port “constituted trafficking in confiscated property” as the port is a Cold-War asset seizure.

It is still being determined whether NCLH will or can appeal the nine-figure ruling. Havana Docks Corp. has pending cases against Carnival Corporation, Royal Caribbean Group and MSC Cruises.

Havana Docks Corp. was awarded $109,848,747.87 in damages plus Norwegian will pay $3 million in legal fees and costs.

With the Obama administration easing the Cuba embargo in 2016, cruise lines lined up to sail to Havana, including all of Norwegian Cruise Line’s brands.

In 2019, the Trump administration undid some of that with a ban on recreational travel to Cuba which put a stop to any major cruise brands calling on the island.

In 2020 a judge ruled in favour of Carnival Corporation in a similar case.

NCLH: Amendment and Extension of Operating Credit Facility

NCLH: Amendment and Extension of Operating Credit Facility

Norwegian Cruise Line Holdings today announced it has amended and extended the majority of its operating credit facility consisting of its senior secured revolving credit facility and senior secured term loan A facility on December 6, 2022.

The amendment has resulted in the extension of maturities of approximately $1.4 billion of the Operating Credit Facility by one year to January 2025, according to a press release.

The Company is actively pursuing alternatives to address the remaining debt associated with the Operating Credit Facility that will otherwise mature in January 2024.

“We are pleased to have successfully amended and extended the majority of our Operating Credit Facility by one year to 2025,” said Mark A. Kempa, executive vice president and chief financial officer of Norwegian Cruise Line Holdings Ltd. “As part of this amendment, we were able to modify certain financial covenants and secure additional debt capacity of $1.5 billion, including approximately $0.5 billion of secured debt capacity. While we continue to believe our ongoing and organic cash generation provides a path to restore our balance sheet over time, the increase in debt capacity provides meaningful additional financial flexibility if needed, as we prepare for multiple scenarios in an uncertain macroeconomic environment.”

The Operating Credit Facility consists of the $875.0 million senior secured revolving credit facility and the senior secured term loan A facility with an outstanding principal amount of approximately $1.5 billion as of September 30, 2022. Additional details on the terms of the amendment can be found in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on December 9, 2022.

Norwegian Cruise Line: Ticket and Onboard Up for Q3, Offset by Costs

Norwegian Cruise Line: Ticket and Onboard Up for Q3, Offset by Costs

Norwegian Cruise Line Holdings (NCLH) reported a net loss of $295.4 million on revenues of $1.6 billion for the third quarter ended Sept. 30, 2022; compared to a net income of $450.6 million on revenues of $1.9 billion for the third quarter of 2019, the last “normal” year.

Ticket revenue per passenger day was $277.69 in 2022 up from $254.99 in 2019, and onboard revenue per passenger was $127.95 this year, up from $100.24 in 2019.

Increased revenues, however, were offset by increased total operating costs: $311.08 per passenger cruise day in the third quarter of this year compared to $183.89 for the same period in 2019. The biggest cost drivers were fuel, which nearly doubled, and food costs, which were also up, as well as so-called “other” expenses.

Marketing and administrative costs were also up significantly as interest expenses.

Commenting on the cost picture, Mark Kemp, CFO and senior vice president, said the company is taking actions to right-size costs and noted that will settle as the inflation situation will not last. He noted that the cost for certain food categories was already trending down.

Norwegian Cruise Lines Holdings to Switch to 100% Cage-Free Eggs

Norwegian Cruise Lines Holdings to Switch to 100% Cage-Free Eggs

Norwegian Star arriving into Liverpool photo credit Spacejunkie2 (Flickr)

Norwegian Cruise Lines Holdings has announced its plans to source 100 per cent cage-free eggs globally by the end of 2025. 

The global cruise company operating Norwegian Cruise Line, Oceania Cruises, and Regent Seven Sea Cruises, has planned a timeline which includes sourcing 25 per cent of cage-free eggs from U.S. suppliers in 2022, 50 per cent from global suppliers in 2023, 75% from global suppliers in 2025, and 100 per cent from global suppliers by the end of 2025. 

“We applaud Norwegian Cruise Lines Holdings for publicly publishing their global cage-free implementation plans. As the demand for cage-free eggs increases worldwide, cage-free is becoming the industry standard. Other hospitality companies like Millennium Hotels and Langham Hospitality Group need to follow NCLH’s lead or risk losing business,” said Jennie Hunter, Senior Campaigns Coordinator, at The Open Wings Alliance.

The decision comes following a cage-free campaign steered by the Open Wing Alliance, which aims to create a unified front for ending the abuse of chickens worldwide. The Open Wing Alliance is a global coalition initiated by The Humane League and includes 93 animal protection organizations from 67 countries worldwide.

In 2021, two other cruise lines, Carnival Cruise Lines and Royal Caribbean have made similar commitments and have published their implementation plans for sourcing cage-free eggs by 2025. 

As consumer demand for cage-free eggs continues to grow, companies worldwide are announcing their plans for cage-free commitments.

Over 100 companies, including some of the biggest corporations around the world, have made such commitments to switch to cage-free systems including Nestlé, Aldi, InterContinental Hotels, Sodexo, Kraft Heinz, Compass Group, Shake Shack, Famous Brands, Costa Coffee, Burger King, Dunkin’, Krispy Kreme, Unilever, and Barilla.

Harry Sommer: Norwegian Prima Reimagines the Cruise Industry

Harry Sommer: Norwegian Prima Reimagines the Cruise Industry

The new Norwegian Prima is helping to reimagine the cruise industry, according to Harry Sommer, president of Norwegian Cruise Line, speaking on the ship in New York City on Thursday.

“When we sat down in 2017 to decide what we wanted the next class of ship to be, we surveyed the universe and started primarily with what NCL (Norwegian Cruise Line) had in its offering at the time,” he said.

That offering ranged from 2,000-guest ships to the Jewel class at 2,400, then ships in the high 3,000-guest range and up.

“We thought there was a gap as we had nothing between the Jewel class at 2,400 and the Epic, Breakaway- and Breakaway-plus class ships. We thought this would be a perfect thing to fill out our portfolio,” Sommer said, noting the Prima was “97 per cent perfect” and the company would make some minor adjustments on the Viva when it debuts in 2023.

Of note, Sommer pointed to the largest bathrooms the company has ever put in its staterooms and the largest balcony cabins as well.

“Different ship class sizes can go to different ports. There are different customers in our base and we appeal to a wide range of guests … we also wanted to reimagine the cruise industry.”

Thus, working with President and CEO of Norwegian Cruise Line Holdings Frank Del Rio, the idea was to build a ship that didn’t look like a cruise ship but was more similar to a high-end hotel.

“Part of that required us not to have those larger spaces, so we have smaller intimate spaces. There are no venues where you are with 500 or 600 people,” Sommer said.

“It was a little bit of a risk as all our competition keeps getting bigger and bigger. That is okay and there is a market for that too, but we did not want to create something that looked like a large indoor shopping mall.”

With the Norwegian Prima entering service in 2022, the Viva follows in 2023 and four more sister vessels are on order for Norwegian Cruise Line at Fincantieri through 2027.