Norwegian Cruise Line Raises Profit Forecast Amid Strong Demand

Norwegian Cruise Line Holdings has announced an increase in its annual profit forecast for the fourth time this year, driven by robust demand across all three of its brands. The company shared its third-quarter financial results on Thursday, revealing a positive outlook for the remainder of 2023.

Norwegian raised its full-year adjusted earnings per share guidance by approximately 8 percent, now projecting $1.65, an increase of $0.12 from the previous expectation of $1.53. Additionally, the company revised its 2024 revenue-per-cruise-day forecast to about 9.4%, up from the earlier estimate of 8.2%.

The third-quarter revenue reached a record-setting $2.81 billion, reflecting an 11 percent increase compared to the same period last year. This growth is bolstered by strong demand for new bookings for voyages scheduled in 2025 and beyond, indicating a robust future for the company.

In recent weeks, Norwegian Cruise Line Holdings has announced several new initiatives, including Norwegian Cruise Line’s updated brand position and the introduction of the “More at Sea” package. Oceania Cruises has also launched a new brand value promise, “Your World Included,” while Regent Seven Seas celebrated the groundbreaking for the Seven Seas Prestige.

Looking ahead, Norwegian Cruise Line has opened bookings for the Norwegian Luna, set to debut in April 2026 from Miami. The cruise brand has also entered into a multiyear partnership with the National Hockey League, further expanding its market reach.

Harry Sommer, president and CEO of Norwegian Cruise Line Holdings Ltd., highlighted the company’s strong third-quarter performance, stating, “The strength of our business, the attractiveness of our product offering across all brands, and the superior execution and delivery by our teams both shoreside and shipboard are key to our success.” He added that the company’s focus on cost control and margin enhancement, combined with robust demand, positions them well for 2024, which is expected to be their best year for revenue, net yield growth, and adjusted EBITDA.

Related News: https://airguide.info/?s=Norwegian+Cruise