Company Summary
Norwegian Cruise Line Holdings Ltd., a Bermuda Limited company, is a leading cruise line operator. It owns and operates three brands — Oceania Cruises, Regent Seven Seas Cruises and Norwegian Cruise Line. The company, founded in 1966, is headquartered in Miami, FL.
In 2014, the company acquired Prestige Cruises International, thereby expanding its operations significantly. Through this move, the company acquired the Oceania Cruises and Regent Seven Seas Cruises brands.
As of Dec 31, 2023, the three brands operate 32 ships with nearly 66,500 berths in Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, the Caribbean, Alaska and Hawaii, among others.
The company is constantly looking to expand its fleet size. To this end, the company launched Norwegian Bliss in April 2018. Moreover, it introduced Norwegian Joy (a cruise ship designed for Chinese travelers) in 2017. The ship, which can accommodate more than 3,500 passengers, started sailing from Shanghai in June 2017. The company has one Explorer Class Ship on order for delivery (in 2023) and one Allura Class Ship on order for delivery (in 2025). It also has four Prima Class Ships on order with scheduled delivery dates from 2025 through 2028. This addition is likely to bring the total berth count to roughly 82,000.
In a bid to facilitate travel for cruise passengers, the brands strive to provide an enhanced level of onboard service. To this end, they offer a wide range of features, amenities and activities like a variety of accommodations and multiple dining venues.
Revenues from passenger tickets account for the bulk of the top line (67.3% in 2023) at Norwegian Cruise Line. The balance (32.7%) is generated from onboard and other sources.