NORWEGIAN Cruise Line Holdings (NCLH) has entered the year with a record booked position, and at higher pricing, despite posting a net loss of $2.3 billion for the 2022 full year. The figure compares to a net loss of $4.5 billion in the prior year, with an even more positive...
NORWEGIAN Cruise Line Holdings (NCLH) has entered the year with a record booked position, and at higher pricing, despite posting a net loss of $2.3 billion for the 2022 full year.
The figure compares to a net loss of $4.5 billion in the prior year, with an even more positive outlook for 2023, from both an expenditure and sales standpoint.
NCLH has taken several steps in recent months to improve operating efficiencies, reduce costs, and maximise revenue generation opportunities, which are expected to result in a decrease of nearly 15% in adjusted net cruise costs.
Wave season demand for NCLH has been very strong, with the company’s brands experiencing record launches for its offers, and posting its highest-ever booking months in Nov 2022 and Jan 2023.
Occupancy is expected to average approximately 100% for the first quarter of the fiscal year, and is on track to reach historical levels for the second quarter.
Capacity is also expected to increase approximately 19% compared to 2019, with the arrival of three newbuilds this year: Oceania Cruises’ Vista, Norwegian Cruise Line’s Norwegian Viva, and Regent Seven Seas’ Seven Seas Grandeur.
Adjusted EBITDA is expected to be in the range of $1.8 to $1.95 billion for the 2023 fiscal year.
“2022 was an eventful year, as we successfully completed our nearly yearlong ‘Great Cruise Comeback’, welcomed our newest ship Norwegian Prima to our world class fleet and achieved several key milestones on our post-pandemic financial recovery,” President & Chief Executive Frank Del Rio Sr said.
