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NCL: Demand down for European cruises
Sunday, 11 May, 2016
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Norwegian Cruise Line says demand for European cruises from North America has fallen.
As it announced its first quarter financial results, the cruise line said demand to Europe had ‘softened’.
However, it said this was offset by strong sales for cruises in the Caribbean, Hawaii, Alaska and other North American markets.
The Miami-based cruise line made $1.1 billion in the first three months of the year giving it a net income of $73.2 million compared with a loss of $21.5 million in the same period of 2015.
It said bookings for 2016 were on a par with last year’s record levels and at higher prices.
Chief financial officer Wendy Beck said: "Continued strong demand in the Caribbean, Alaska, Bermuda, and Hawaii is offsetting softness in Europe which comes mainly as a result of lower demand from North American consumers.
"While this softness is tempering yield growth mainly in the second quarter, strong bookings and pricing in other core markets, as well as the addition of Seven Seas Explorer to our fleet, are contributing to strong yield performance in the back half of the year, keeping us on track to deliver expected earnings growth of approximately 30%."
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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