Frank? Stella David was previously the Chief Executive Officer of William Grant & Sons Limited, an international spirits company, from August 2009 until March 2016. I'll be back with closing comments a little later. This is Harry Sommer. WebFind Harry Sommer's accurate email address and contact/phone number in Adapt.io. On a gross basis, I'm not sure the exact number, maybe Mark knows that number. WebNorwegian Cruise Line CEO Harry Sommer and other executives were copied on the message, according to the report. If you have investor questions, media requests or *Terms & Conditions Package not available on sailings less than 5 days or charter sailings. The next question comes from the line of Steve Wieczynski with Stifel. 1. We've said that our strategy coming out of the pandemic was we wanted to reset the bar on pricing. 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. Senior Vice President and Chief Accounting Officer Norwegian Cruise Line Holdings Ltd. Faye L. Ashby has served as Senior Vice President & Chief Accounting Officer of Norwegian Cruise Line Holdings Ltd. since February 2016. I want to send an e-mail to the attention of NCL CEO Frank Del Rio. For the second half of 2022, adjusted EBITDA was nearly breakeven. Looks Like This Page Took a Permanent Holiday. Congratulations. This represents another stepping stone as we return to a normalized operating environment. Taking a closer look at the components of this outlook, net per diem growth is expected in the range of approximately 9% to 10.5% as compared to 2019. Frank A. Del Rio is an industry veteran, having started his career in the cruise industry in 2003. I'm finna go get me some balloons! She was responsible for the significant growth of the business and in particular their premium and luxury brands and for leading the companys expansion into new markets. Adjusted EBITDA is expected to be in the range of $1.8 billion to $1.95 billion with the high end of our targeted range, representing record adjusted EBITDA for the company. Suspendisse ac tellus ultricies, hendrerit neque sit amet, laoreet leo. New CEO for Norwegian Cruise Line, Harry Somer. James, it's Mark. I would hesitate or caution you to just simply take the additional births and look at it as costing $1.2 billion, because there is a lot of technical aspects behind that in relation to making the vessels bigger. Oceania Cruises is a cruise line that operates six upper-premium cruise ships on world-wide itineraries. 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. We will continue to be opportunistic and are committed to delivering value for all stakeholders. On one hand, we have a very strong consumer. 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. So we have to do better, and we are going to do better on leveraging our scale, and that's what we're focused on. President & Chief Executive Officer at Norwegian Cruise Line. There's still some -- I mean, you guys still sound great on pricing, but there's still some concerns of weakening consumer overall. Powered by Invision Community. Areas of focus include business partnerships, benefits, compensation and talent management/succession planning. 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. And the price to do that was our counterparty wanted a small draw on the overall facility. Okay. 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. 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. Under his leadership the company expanded its global footprint with the opening of several offices around the world and significantly strengthened its international presence. It's not just a theoretical comment. This website uses cookies. As you can see on Slide 9, in the fourth quarter, our load factor reached 87%, in line with guidance. , NORWEGIAN EPIC 2023 (JANUARY 15 TO 22, 2023). The bottom line is any emails directed to the corporate office (no matter who) all get directed to the same place (customer relations). Hours of Operation: Monday - Friday: 9:00am 7:30pm HKG Time. We continue to believe this is our sweet spot as it strikes the delicate balance of encouraging guests to book early while also optimizing pricing. So what exactly changed? Saturday: 9:00am 4:00pm Norwegian is fully committed to providing you and your travel companions with the best cruise experience. On a capacity day basis, this will result in approximately 19% growth in 2023 compared to 2019. Can you just explain again why you dipped into the Apollo financing? 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. Our goal is not only to rebuild our margins, but over time, continue to enhance them, and we look forward to demonstrating this improvement over the coming quarters. Each successive class of ships is a record-breaking architectural marvel that revolutionizes vacations with the latest technology. Prior to her time at Norwegian Cruise Line Holdings, she worked in numerous roles within the cruise industry including revenue management, corporate financial planning and charter sales. Contact Details. The weekly OBV line is down from its November high. And I know you talked about upsizing a number of the Prima ships and adding some alternative fuel to 2 of them. He has been recognized by institutional investors for his financial expertise and innovation in equity research. Adam M. Aron is the CEO and President of AMC Entertainment Holdings, Inc. AMC is the largest operator of movie theatres in the United States, in Europe and worldwide, with more than 1,000 theatres in 15 countries. UPDATE 1-National Bank of Canada posts lower first-quarter profit, From condoms to cosmetics, China sales grow as lockdowns end, Sterling subdued after Bailey says 'nothing decided' on future rate hikes, UPDATE 2-China scoffs at FBI claim that Wuhan lab leak likely caused COVID pandemic, Hedge funds that did best in 2022 could fare worst in 2023 BNP. And then maybe just unpack a little bit about when it's going to hit? We have time for 1 more question, operator. 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 3 brands are also appealing to their respective markets. And so as we think about that, part of that is enhancing our revenue, enhancing margins, obviously, and rightsizing our cost base. IT SHOULD BE NICE IF SHE CAN WEAR CLOTHING TO ANOTHER ONE MORE COLORFUL THAT LOOKS LIKE A REAL SINGER (EVEN IF ARE DAY HOURS). As we successfully concluded our Great Cruise Comeback with the last vessel in our fleet reentering service midway through the year. First, we are encouraged to see that our target consumer, which tends to skew more upmarket in the broader cruise industry, continues to be financially healthy and resilient and is prioritizing consumption of experiences over the purchase of physical goods. In fact, the booking window in the fourth quarter was well elongated compared to the same quarter in 2019. Box 9022Jericho, NY 11753, 4803 Haviland StreetSuite #1Delta. As we have consistently communicated, our costs will be elevated when compared to 2019 baseline, both due to normal and hyperinflation over the past 3 to 4 years as well as a mixed headwind as we add higher operating cost capacity, which we do expect will gain a premium on the top 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. Frank A. Del Rio has served as Chief Sales and Marketing Officer for Oceania Cruises since March 2022, and as Senior Vice President, Port Destinations and Onboard Revenue from March 2015 through April 2017. Fusce fermentum nibh odio. Completing the requested steps helps confirm that everything is ok. In 1980, Mr. Galbut received his J.D. We have slightly less Caribbean capacity and more Alaska capacity. With the full year kind of up 18% and Q1, up 22%, does that imply the exit rate sort of going forward would still be in kind of the low to mid-teens increase versus 2019? Yes. Before joining Prestige, Ms. Ashby was a Senior Manager at the international public accounting firm of Deloitte. Jason Krimmel was appointed as Vice President of International Sales, Marketing & Brand Communications in January 2023. And the next question comes from the line of Patrick Scholes with Truist Securities. We will continue to leave no stone on turn as we identify and evaluate incremental opportunities. Geir Karlsen (born 1965) has been Chief Executive Officer in Norwegian since June 2021. I think customers in today's society are used to getting a different level of service. Compared to 2019 levels, net per diem is expected to increase approximately 6.75% to 7.75%, while net yield is expected to increase approximately 1.25% to 2.25%, primarily as a result of our continued occupancy ramp and with pricing expected to be higher for the remaining quarters of 2023. In this role, he is, Estela Farina is the Brazil managing director for Norwegian Cruise Line Holdings, Ltd., overseeing the sales strategies across the companys three brands, Norwegian Cruise Line, Oceania Cruises and. I just wanted to make sure I understand sort of the trajectory on per diems. Donec in pellentesque lectus, vitae consectetur nibh. To share any questions or concerns with our guest experience team after your cruise, please click below. For housekeeping, this does not include the enhancement to future liquidity, we obtained with the $300 million undrawn commitment as it is currently not available to draw. At the same time, we revised the undrawn commitment to reduce the amount to $650 million, with the agreement now extending through February 2024 with the option at our sole election to extend through 2025. Del Rio founded Oceania Cruises in 2002, and in doing so, created a new upper premium market space in the cruise industry. He also made frequent guest appearances and served as a media resource for organizations such as CNBC, Barrons and the Wall Street Journal. Site. It's not an overnight process. Thanks for the clarification, SeaShark. And I think as we continue to prove that quarter after quarter this year, you're going to see improvements on that front. And then as we look forward sequentially, we expect those costs to decrease each quarter as some of our initiatives gain hold and take place. Norwegian I always say, going green is not free. THIS WAY PEOPLE CAN SELECT OR CHOSE WHERE THEY WANT TO BE AT THE SAME TIME IN DIFFERENT PLACES WITHOUT STAYING BORED WALKING THROUGH. So any help there would be helpful. Our basic go-to-market philosophy as we market to fill, we don't discount to fill throughout the pandemic period and coming out of the pandemic period. Up to 5 Yes. We had to create momentum. So Q1 was really just impacted by that. After you learn your new flight arrangements, please contact NCL's Flight Assistance Hotline listed below. The cruise operator reported a wider-than-expected fourth-quarter loss before market open Tuesday, although revenue was Get contact details including emails and phone numbers 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. We've seen what happened to others when the discounting goes too far, it takes years, if not decades to be able to climb back up that slippery hill. 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. Okay. Turning to Slide 11. EVP, Chief Talent Officer. 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. Roland So we're already starting to realize that. By the way he is a real jerk and most immoral person I have ever run across. Turning to liquidity. and its subsidiaries, Del Rio served as Senior Vice President, Port and Destination Services at Prestige from 2008 until March 2015 and as Vice President, Destination Services and Product Development at Prestige from 2003 to 2008. Sign up for a free account. And then last one, this question actually might save Mark, you and Jessica a number of callbacks later. As a result, delivery days have shifted a bit, and we now expect 1 larger Prima Class ship to be delivered each year from 2025 to 2028. And it's our view that as long as consumers have a job and the labor markets remain strong, that they'll continue spending on the things they normally spend their money on, including vacations. Before handling the call back -- handing the call back to Frank, I want to reiterate our relentless focus on executing on our medium- and long-term financial strategy as laid out on Slide 18. 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. We're -- I like into this is we're in uncharted territory in the world. We believe we've done that, which we believe will be a longer-term benefit for all our constituents. I think Mark, you just made around the exotic destination. EMBARK with
Kind of what's changed in how you think about hitting that record EBITDA target as it relates to the guided range? After talking to the Accor COO for Europe, as a gesture of goodwill, he upgraded us from the Mercure to the Sofitel Hotel on the seashore on our next trip to Rio, additionally he promised we would be looked after by the hotel manager. Del Rio assumed this role in January 2015. But it's everyday things -- everything we do on our corporate side, on our ship side, whether it's optimizing our supply chain initiatives, optimizing our itineraries, so that we're getting the best fuel consumption. Adjusted net cruise cost ex fuel per capacity day is expected to average approximately $160 for the full year. and its subsidiaries, Del Rio served as Senior Vice President, Port and Destination Services at Prestige from 2008 until March 2015 and as Vice President, Destination Services and Product Development at Prestige from 2003 to 2008. First, we revised and extend our existing $1 billion undrawn backstop commitment. On 10/14/2019 at 4:49 AM, david_sobe said: On 10/14/2019 at 5:49 AM, david_sobe said: 19952023, The Independent Traveler, Inc. E-mail Address for Frank Del Rio (NCL CEO)? *Terms
And our next question comes from the line of Paul Golding with Macquarie. WebThese are the executive and consumer service phone and email contacts for Oceania Cruises brought to you by the Elliott Advocacy team. WebA leading global cruise company with an expanding fleet, Norwegian Cruise Line Holdings Ltd. looks toward an exciting future. Executive Vice President, Chief Talent Officer Norwegian Cruise Line Holdings Ltd. Lynn White serves as Executive Vice President and Chief Talent Officer for Norwegian Cruise Line Holdings (NCLH). than 5 days or charter sailings. I think it's the right thing to do. Norwegian Cruise Line CEO on vaccine lawsuit, government mandates and bookings outlook Questions for Cramer? Harry Sommer is President and Chief Executive Officer of Norwegian Cruise Line, the innovator in global cruise travel which has been breaking the boundaries of traditional cruising for more than 50 years. Its standard for any complaint. By continuing to browse the site you agree to our use of cookies. Thank you for joining us for our fourth quarter and full year 2022 earnings and business update call. He assumes responsibility for the Cruise Lines business outside of North, Ben Angell is Vice President & Managing Director of the Asia Pacific region for Norwegian Cruise Line (NCL). As previously announced by Flutter Entertainment, Ms. Byng-Thorne plans to step down from her role as a non-executive director of Flutter Entertainment prior to January 31, 2023. Click here to view General Sales Agent contact info for The Caribbean, Bermuda and Latin America. Arnold Donald. Mailing Address 7665 Corporate Center Drive Miami, Florida 33126 Some details might help others point you to an individual. Our team continually push forward to this challenging transition year, achieving several significant milestones on our road to recovery and preparing for the next chapter of our storied brands. degree from Louisiana Tech University. Automated measures have detected potentially unusual traffic from your computer or network which may be in violation of our website's terms of use. We are exploring further opportunities, first and foremost, to reduce our cost profile and to maximize revenue generation. Every aspect of our business is being evaluated through the lens of how we can realize our full value potential for all stakeholders. Certainly. Fusce tempus consectetur porttitor. Sorry, OP but I don't even think it would be read by his assistant. Its not their job to read and respond to customer email. Don't take it personal This is a unique differentiator of the cruise industry, which is part of a broader connected ecosystem, which includes, among others, the operators, the shipyards and the governments and export credit agencies, all of which rely on shipyards and suppliers for significant economic and employment related benefits. Listen, we were really excited about the performance of Prima. Makes sense. 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 Lorem ipsum dolor sit amet consectetur adipisicing elit. 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. By jimdee3636, October 13, 2019 in Norwegian Cruise Line Share Followers 2 1 2 Next Page 1 of 2 jimdee3636 694 Norwegian Cruise Line CEO Frank Del Rio said Monday he is confident the cruise line operator can safely set sail this summer for the first time in more than a year. Counterparty wanted a small draw on the overall facility basis, I 'm not sure exact... Stone on turn as we return to a normalized operating environment exotic destination hours of Operation: Monday -:! A media resource for organizations such as CNBC, Barrons and the Wall Street Journal adding some fuel. 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