Norwegian Cruise Line Holdings (NCLH) reports a ‘momentous year of growth’.
- 2023 saw ‘exceptional’ demand for NCLH’s three brands worldwide.
- New ship deliveries were highest in NCLH’s 57-year history.
- NCLH achieved historical highs in bookings and pricing for 2024.
- The conflict in the Middle East impacted some itineraries.
Norwegian Cruise Line Holdings (NCLH) outlined the achievements of 2023 as a ‘momentous year of growth and achievement’, underscoring the exceptional demand experienced by its three brands across all markets. Backed by robust bookings and pricing strategies, NCLH delivered remarkable results, witnessing an increased interest that elevated their performance indicators across the board.
In 2023, an unprecedented level of demand was observed for the company’s brands: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. Despite being affected by cancellations in the Middle East and Red Sea, these brands reported solid performance in all other geographical areas. This underscored a resilient market presence even amid external challenges.
The year was marked by the delivery of three new ships, representing the highest number of deliveries within a single year in NCLH’s history. The arrival of Oceania Cruises’ Vista, Norwegian’s Viva, and Regent’s Seven Seas Grandeur greatly contributed to bolstering the company’s fleet and enhancing service offerings globally.
Capitalising on its accomplishments, NCLH is positioned to leverage the strong demand for cruises moving into 2024. The company entered the year with a record-breaking number of bookings and elevated pricing. The leadership expressed a commitment to showcase a world-class fleet and deliver experiences that exceed passenger expectations.
NCLH’s financial performance in 2023 was underscored by $8.5 billion in total revenue, a significant increase of 32% compared to 2019. However, political instability in the Middle East led to the cancellation and redirection of all calls to the region for the year 2024. Prior to these adjustments, a portion of their capacity was expected to cover Middle Eastern locations.
NCLH stands ready to sustain its growth trajectory in 2024 with strong demand and strategic planning.
