Norwegian Cruise Line Holdings reports strong demand across brands

Norwegian Cruise Line Holdings reports strong demand across brands

Norwegian Cruise Line Holdings has reported a 30% rise in revenue for next year.

The parent company of Norwegian and former Prestige Cruise Line Holdings brands Oceania and Regent Seven Seas Cruises said booking levels were outpacing last year.

“The strong booking environment that began with the 2015 wave season has continued into the second and third quarters with volumes continually outpacing the same time last year,” the company said..

“Looking to 2016, resurgence in Caribbean demand, combined with the strong booking environment, has resulted in 30% more booked revenue compared to the same time last year on a capacity increase of approximately 11%.”

Chief financial officer, Wendy Beck, said: "Building on the strong results for the first half of the year, we are raising the midpoint of our 2015 full-year earnings guidance.

"While still early in the 2016 booking cycle, we have seen strong demand across all three brands.”

The company reported net income for the three months to June 30 of $158.5 million, up from $111.6 million in the same period last year. Passenger carryings rose to 527,676 from 482,837 to give a half year total of more than one million.

President and chief executive, Frank Del Rio, said: "The benefits of the combination of Norwegian and Prestige are beginning to hit their full stride, resulting in strong earnings growth in the quarter.

"Many of the strategies we have previously communicated are gaining more and more traction, from the weaving of Prestige's go to market strategy into the Norwegian brand's pricing and marketing practices, to the focus on adding value for our guests in lieu of discounting, in addition to leveraging our scale to maximise cost efficiencies.”


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