(I realize it mayinitially be read by an assistant of his, but I don't just want to send it to somegeneric Guest Relations Department). In this role, Lindsay is responsible for Marine & Technical Operations, Hotel Operations, Entertainment, Product Development, Port & Destination Services, Fleet Personnel, Out Islands and New Build & Ship Refurbishment for all three of the company's brands Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises. Harry C. Curtis was previously the Managing Director of Nomura Instinet, where he focused on gaming, lodging, and cruise industry research, from 2010 through 2020. In this expanded role, he, Frank Medina who joined Norwegian Cruise Line Holdings Ltd. (NCLH) in 2016, currently serves as Vice President and Managing Director of Latin America, Brazil and the Caribbean. And our next question comes from the line of James Hardiman with Citi. Del Rio founded Oceania Cruises in 2002, and in doing so, created a new upper premium market space in the cruise industry. 1. WebAfter the COVID-19 pandemic brought widespread disruption to the travel industry, Norwegian Cruise Line.. World One News Page: Tuesday, 28 February 2023. We are hitting our milestones that we've laid out for several quarters now. Looks Like This Page Took a Permanent Holiday. THANK YOU FOR MAKING A MEETING AND TELLING THEM ABOUT IT. Onboard revenue spend is trending well, but it will take time. WebFind Monique Adams's accurate email address and contact/phone number in Adapt.io. He is responsible for ensuring that the Norwegian brand excels in every way by employing new ways of doing business that improve guest satisfaction and team member engagement while continuing to produce industry-leading financial results. It was just all items on the margin. Robin, I'll take -- I think there was 2 questions in there. Before turning the call over to Q&A, I'd like to leave you with some key takeaways, which you can find on Slide 20. Sommer holds an MBA from Pace University and a BBA from Baruch College, both in New York City. Just I do see your share count is going up for the full year to 460 million. During his more than 30-year tenure in the industry, Sommer held a variety of executive roles at Norwegian Cruise Line Holdings Ltd., Prestige Cruise Holdings, Renaissance Cruises and Viking River Cruises including Executive Vice President, International Business Development; Executive Vice President and Chief Marketing Officer; Senior Vice President Finance; Chief Information Officer and Chief Accounting Officer. in Finance from Florida State University. As part of the agreement to secure a second year extension option on the commitment, the company issued $250 million of 9.75% notes due 2028. Frank A. Del Rio is an industry veteran, having started his career in the cruise industry in 2003. Maecenas faucibus ac nisi vel semper. Our treatment was fantastic, we were treated like royalty on our trip to Rio in 2019, what memories and what great management to take such an interest in our complaint. Norwegian Cruise Line Holdings president and CEO Frank Del Rio told Wall Street analysts on the call that the third and fourth ships in the six-ship series would be Our Representatives would be happy to help you with the following: The Norwegian Cruise Line Gift Card can be redeemed both towards your cruise fare and for onboard spend. There is no silver bullet in this industry, but it's a lot of little things that can add up and that's what we're squarely focused on going forward. than 5 days or charter sailings. Started June 21, 2021, By Andy or Vivian Ewart, the VP of Passenger Services, are both pretty responsive. BURN THE FLOOR THE DANCERS SHOW WAS NICE AND PERFECT, BUT IT COULD BE BETTER IF THEY CAN MAKE TWO DIFFERENT SHOWS IN THE SAME WEEK, SO THE GUESTS CAN SEE THEM TWICE IN ANOTHER STYLE, AND THE BEATLES TOO, BECAUSE THERE WERE NIGHTS THAT PEOPLE COULD NOT DO ANYTHING, BUT SITTING ON THE ATRIUM, AFTER HAVE WATCHED THEM. And I guess what I'm trying to get at here is I don't want to -- I'm hoping that expectations for yields don't get too ahead of themselves, if all that kind of makes sense. I would assume that a lot of it is second half weighted, but if you could just give a little bit more detail, that would be helpful. When you look at the totality of our debt, approximately 40% is ECA back debt. Prior to this role, DeMarco held various positions of increasing responsibility since joining Norwegian Cruise Line Holdings in 2012, including as Senior Vice President of Investor Relations, Corporate Communications and Environmental, Social and Governance for the Company from January 2020 until August 2021. And just last night, we announced 2 transactions, which further enhance our liquidity and outlined on page -- on Slide 16. I wanted to touch first on the balance sheet. free lookups / month. Okay. The next question comes from the line of Conor Cunningham with Melius Research. Box 9022Jericho, NY 11753, 4803 Haviland StreetSuite #1Delta. That's a lot to unpack there. Maybe I should have stated "Be prepared for.." on my last email and you would have understood the context better. Lorem ipsum dolor sit amet consectetur adipisicing elit. Prior to joining NCLH, Lynn served as the senior tax and risk management executive at Royal Caribbean International and Celebrity Cruises for 18 years after beginning her career at Price Waterhouse. She's come out of the gate is our best book ship, great yields, great onboard revenue, and most importantly, great -- I guess, experience, excuse me, great guest satisfaction scores. Donec nec fringilla ipsum. Previously, Sommer served as President, International for the company's portfolio of award-winning brands including Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises. Del Rio assumed this role in January 2015. Since 1988, Mr. Aron previously served on the board of directors of more than a dozen companies including Starwood Hotels and Resorts Worldwide, Inc. and on the board of directors of Prestige Cruise Holdings, Inc., the parent company of Oceania Cruises and Regent Seven Seas Cruises. The weekly OBV line is down from its November high. We've covered quite a bit today, so I'll conclude our commentary here and open up the call for your questions. And this concludes today's conference call. The Company will introduce Find contact details for 700 million professionals. So we're going to scale start scaling that back. Okay. So look, I wouldn't classify anything as a deceleration. The weekly OBV line is down from its November high. As we look to the future, we're on a period of transformational growth. Prior to joining Norwegian Cruise Line Holdings Ltd., Lindsay served in a similar capacity as Executive Vice President of Vessel Operations at Prestige Cruise Holdings, the parent company of Oceania Cruises and Regent Seven Seas Cruises. Duis facilisis, justo porttitor elementum luctus, ipsum eros vulputate purus, id condimentum ipsum velit a arcu. Yes but I have always gotten a response from somebody when I have used Andy Stuart email address. I send a very polite email explaining my concern All correspondence should include the guest's name (first and last), name of ship and sailing date, as well as a contact address and telephone number. If you look at our forward bookings, each quarter in '23 is better booked than the comparable quarter in 2019. I do have his personal number and will give it to you when I get back home in several weeks. It is a progression. Looking at expectations for the full year 2023 on Slide 14. So if marketing was the cost of maintaining our industry-leading yields and it was well worth it. In this position, Mr. Farkas oversees all aspects of the Legal, Risk Management, Corporate Governance and Compliance, Passenger and Crew Claims and the Government Affairs areas of Norwegian Cruise Line. Perhaps you can write a long email to NCL complaining about it. She joined NCLH as Controller in November 2014 after the Acquisition of Prestige. PLEASE, YOU MAY MEET ALL OF THE BAR EMPLOYEES WHO ARE AT NIGHT AND TELL THEM THAT A LOT OF GUESTS CAN SEE THAT. FDR is the CEO of Norwegian Cruise Line Holdingsa financial holding company that owns three cruise lines. Okay. On one hand, we have a very strong consumer. Thank you, and have a great day. million verified professionals across 35 million companies. Norwegian Cruise Line Holdings Ltd. NCLH reported fourth-quarter 2022 results, with earnings missing the Zacks Consensus Estimate and revenues beating the In this role, Lindsay is responsible for Marine & Technical Operations, Hotel Operations, Entertainment, Product Development, Port & Destination Services, Fleet Personnel, Out Islands and New Build & Ship Refurbishment for all three of the company's brands Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises. From January 2012 to November 2014, Ms. Ashby served as Controller for Prestige, where she managed and developed the Accounting and External Financial Reporting teams. DeMarco has 20 years of diverse cruise industry experience across multiple areas of the business. So on a per capacity day basis, I think marketing costs will come down. Russell W. Galbut currently serves as the Managing Principal of Crescent Heights, one of Americas largest and most respected residential developers of quality condominiums. $15.8 million. So it's going to come from a lot of different places. (business & personal). David Abrams is the Founder and Co-Managing Partner of Velocity Capital Management. I send a very polite email explaining my concern and have always been responded to with a resolution. *Terms & Conditions Package not available on sailings less than 5 days or charter sailings. Robin Lindsay is the Executive Vice President of Vessel Operations for Norwegian Cruise Line Holdings Ltd. Lindsay was appointed to this position in January 2015. Under his leadership the company expanded its global footprint with the opening of several offices around the world and significantly strengthened its international presence. Yes, certainly. Last November I booked my upcoming 2 day NCL Pearl weekend cruise as it would be a good way to B2B with my Star Princess Alaska cruise. Executive Vice President Vessel Operations. I wonder how many complaints they have about the "Welcome Aboard" kit and what the next level is. We are in a dynamic environment, all signs that we see are looking good, and that's evidenced by our pricing power and our Q4 results as well as our guidance for the year. I'm incredibly proud, honored and inspired to work alongside each and every one of you. Adjusted net cruise costs, excluding fuel per capacity today was in line with expectations with the second half 2022 decreasing approximately 10% versus the first half as our operations continue to ramp up. Powered by Invision Community. Adjusted net cruise cost ex fuel per capacity day is expected to average approximately $160 for the full year. We also have a robust new build pipeline as we just finished discussing. In her role, she leads the human resource function for approximately 34,000 team members, including those serving on the companys 28 ships and in offices around the globe. And as you recall and if you look in the past, we were getting -- we had 6 months options, we had 8-month options, 12-month options. Mark? For the second half of 2022, adjusted EBITDA was nearly breakeven. 2023 Norwegian Cruise Line Holdings Ltd. 11-Reasons to Cruise to Alaska this Summer | NCL Travel Blog, 14-Day Authentic Alaska - Northbound Cruisetour | Norwegian Cruise Line, 14-Day Authentic Alaska - Southbound Cruisetour | Deck Plans | Norwegian Cruise Line, 20-Day Transpacific from Tokyo (Yokohama) & Alaska | Norwegian Cruise Line, 11 Reasons to Cruise to Alaska this Summer | NCL Travel Blog, 7665 Corporate Centre Drive, Miami, Florida 33126, NCL Casino Marketing, 7665 Corporate Centre Drive Miami, Florida 33126, 7665 Corporate Centre Drive Miami, Florida 33126, NCL Corporation Ltd.7665 Corporate Centre Drive Miami, Florida 33126, NCL Public Relations Department, 7665 Corporate Centre Drive Miami, FL 33126, BerkelyCareP.O. It's not an overnight process. "ALL CAPS Unless otherwise noted, my commentary on net per diem, net yield and adjusted net cruise cost, excluding fuel per capacity day metrics is on a constant currency basis. Royal Caribbean Cruises. Now at the same time, we're adding 3 new ships and those have to be filled. 2. Norwegian One new build being introduced for each brand this year alone and we all know new ships and above surrounding new ships have historically brought outsized attention to the brand. So this is nothing new. In 2008, Prestige Cruise Holdings acquired Regent Seven Seas Cruises and quickly completed a turnaround which positioned Regent Seven Seas Cruises as the market leader in luxury cruising and in turn positioned Prestige Cruise Holdings as the premier operator of upscale cruise brands. Sommer will take over January 1, 2020, has been with the company for more than 30 years. I may need to send a complaining email if the contents are good enough. (Operator Instructions) And as a reminder to all participants, this conference call is being recorded. Stella David was previously the Chief Executive Officer of William Grant & Sons Limited, an international spirits company, from August 2009 until March 2016. He also previously served on several charitable boards, and serves on the Deans Advisory Board for the Cornell University School of Hotel Administration. WebPresident and Chief Executive Officer Norwegian Cruise Line Holdings Ltd. Frank J. Del Rio is the president and chief executive officer of S&P 500 company Norwegian Cruise Line The CEO of Norwegian Cruise Lines launched a blistering attack on Florida Republican Governor Ron DeSantis amid an ongoing court battle between the company and the state. WebMr. There's -- it's not just adding cabins, it's lengthening the vessels, widening the vessels, but also more importantly, on 5 and 6, we are getting them -- those vessels to be methanol ready. Turning to costs. Andrea DeMarco is the President of Regent Seven Seas Cruises, the worlds leading luxury cruise line. He is also Chairman and CEO of World Leisure Partners, Inc., a personal consultancy for matters related to travel and tourism and high-end real estate development and which acts in partnership with Apollo Management L.P. & Conditions Package not available on sailings less He previously served throughout 2015 as Chief Executive Officer of Starwood Hotels & Resorts Worldwide, Inc., on an interim basis. So we're already starting to realize that. An over 30-year cruise industry veteran, Sommer assumed this position in January 2020 and leads sales, marketing, revenue management, passenger services, itinerary development and international business development and operations. Really strong rebound here in the fourth quarter. In 2023, we have approximately $1 billion of scheduled debt service, the vast majority of which are related to our export credit agency-backed ship financing. The last 2 is really a combination, as Mark mentioned in the prepared comments, making them methanol ready, which we think is very important for our decarbonization goals over time. Both the conference call and presentation will be available for replay for 30 days following today's call. You will be able to leave a comment after signing in, By *Terms Before we wrap up our prepared remarks, I'd like to provide an update on our global sustainability program, Sail & Sustain, which Slide 19 outlines a few key highlights. I WOULD LIKE YOUR APPRECIATION IN THESE MATTERS, REALLY IMPORTANT FOR YOU AS STAFF MANAGER OF THE CRUISE TEAM AND FOR THE SUCCESS OF THE NCL CRUISE LINE IN THE FUTURE. So when you look at the totality of that draw, which is relatively minor in the broader scope of our debt, versus having a 2-year flexible backstop, we thought that was the prudent course of action to take at a relatively reasonable cost on the overall facility. Mr. Abrams began his career in 1989 as an analyst in the Investment Banking Division of Bear, Stearns & Co. and then was an associate/vice president at the Argosy Group, a boutique corporate restructuring firm. Copyright 19952023 The Independent Traveler, Inc. Amazing, Funny & Totally Awesome Cruise Photos, Click here to reload the page in order to enable certain features, Policy regarding COVID related Discussions. Prior to joining Norwegian Cruise Line Holdings Ltd., Lindsay served in a similar capacity as Executive Vice President of Vessel Operations at Prestige Cruise Holdings, the parent company of Oceania Cruises and Regent Seven Seas Cruises. Founder and Co-Managing Partner of Velocity Capital Management EBITDA was nearly breakeven of different places take January! I would n't classify anything as a deceleration honored and inspired to work alongside each and one... The President of Regent Seven Seas Cruises, the worlds leading luxury cruise.... 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