Norwegian Cruise Line Brands Gearing Up for 5,000 New Berths

Norwegian Prima

“This year, for the first time in our history, we are gearing up to deliver one newbuild for each of our brands … adding over 5,000 additional berths to our fleet including an over 20 percent increase in our upscale berths. On a capacity day basis, this will result in approximately 19 percent growth in 2023 compared to 2019,” said Frank Del Rio, president and CEO of Norwegian Cruise Line Holdings, on the company’s fourth quarter and year end earnings call.

Those newbuilds include the Oceania Vista, Norwegian Viva and Regent Seven Seas Grandeur.

The company has no worries about filling those extra berths at high prices, and continues to see encouraging signs.

“The first being the length of the booking curve, which is a forward-looking indicator and the second one being onboard revenue, a real-time indicator of a consumer’s actual spending, both of which continue to hold strong with no signs of fading,” said Del Rio.

“In fact, the booking window in the fourth quarter was well elongated compared to the same quarter in 2019. Onboard revenue also continues to be a bright spot with gross onboard revenue per passenger cruise day in the quarter, approximately 25 percent higher than the comparable 2019 period.

“The bottom-line is our target consumer continues to be willing to spend on travel and experiences now and in the future,” he continued. “This gives us confidence that not only is the incredible value proposition for cruising resonating with consumers, but the unique and compelling offerings of our three brands are also appealing to their respective markets.’

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