Norwegian Cruise Line says consumer demand and is at an all-time high and pricing is reflective of some of the best booking weeks in the Company’s history beginning with Black Friday and Cyber Monday.
All calls to Israel and the Red Sea have been cancelled and redirected for the entirety of 2024. Prior to the conflict, approximately 7pc of the capacity in the fourth quarter of 2023 and 4pc of capacity for the full year 2024 expected to visit the Middle East, predominantly on the Oceania Cruises and Regent Seven Seas Cruises brands.
The group reported their financial results for the fourth quarter and year ended December 31, 2023, highlighting an increase in total revenue to $8.5 billion and a return to full-year profitability for the first time since 2019.
Financial milestones achieved by the company included adjusted EBITDA of 1.861billionand Adjusted EPS of 0.70, driven by solid revenue growth and cost reduction efforts.
Occupancy was 102.9pc for the year, revenue per Passenger Cruise Day increased approximately 17pc, and the company announced an enhanced climate action strategy.
Looking ahead to 2024, the company expects strong performance with an increase in Net Yield, Adjusted Net Cruise Costs, and Adjusted EBITDA, and has an all-time high booked position and pricing for 2024 voyages.
