ncl future cruise credit transfer

And congratulations to both Frank and Harry. Harry, Mark, and Jessica, and the team will be available to answer any questions you may have once this call is over. What do I do if I am ready to book my next cruise with My Future Cruise Credit? Again, we had to rapidly exit Cuba in, I believe, June or July of 2019. If one of the available insurance plans is not added to the reservation, the FCC will be removed from payment. Air purchased through Norwegian Cruise Line Norwegian issues either a full refund or future cruise credit for passengers denied boarding at embarkation due to a positive COVID-19 test at the pier, provided they have a valid pre-arrival. California Seller of Travel CST#2066521-50; Washington UBI #602 443 155 001 0001; Hawaii Travel Agent TAR #5192; Florida Seller of Travel #29452. You know, I think that range applies to the end of wave as well that we like to be between 60% to 65% booked for the following 12 months at the end of wave. Norwegian Cruise Line Document Downloads OK, great. This is applicable to Peace of Mind and suspended sailings FCCs, including 25% and 50% credit FCCs issued for suspended sailings. Can I make a new booking before I receive my Future Cruise Credit and will this be applied after I booked. And we had to sell those voyages close in for, you know, very efficient pricing. Transfers In the second quarter, we expect to average 105% occupancy, a return to normalized levels with cabins fully sold. An email from the current FCC owner requesting the transfer to be made must be included when submitting the transfer request via, Insurance FCCs and 10% bonus FCCs are not transferrable. Yeah, so, regarding our second half NPDs, you know, I think we labeled that on our slide. 7/27/2022. And then, secondly, if I have my notes correctly, for the 1.4 billion term loan, it's going to be either pushed out or amended and extended. Thank you. *Average returns of all recommendations since inception. Photo packages. One of the drivers of growth this year is going to be our robust newbuild platform with us taking delivery of three new, and I might be biased, but I'm going to add, absolutely magnificent ships this year, including the incredible Vista, which starts sailing tomorrow. In either case, you can register your Future Cruise Credit online on our My Future Cruise Credit website, then browse all the sailing available and call an expert for the best personal planning and booking consultation. Japanese IATA Accredited. And as we look out over the next five years, this increases to approximately 50% growth versus 2019. Thank you. Please proceed with your question. So, I think what you have to think about is looking at our newbuild deliveries that we're taking this year as well. How is the Future Cruise Credit protected against future cancellations? If the cruise fare for the new booking exceeds the Future Cruise Credit value, you will be responsible for the difference. Great, thanks. Pricing and yield are both expected to increase in the second half of the year, with the fourth quarter exhibiting the strongest growth versus 2019. Am I guaranteed the same category on the new booking? Unfortunately not, however, if the new cruise fare is lower than the Future Cruise Credits value, a new Future Cruise Credit will be issued for the remaining balance. Instead of getting the amount refunded to your credit card, you may be issued a certificate you can use towards your next Norwegian Cruise Line sailing. What Is Future Cruise Credit and How Can I Use It? What to Expect on a Cruise: Booking With a Cruise Line. For additional information, please visit www.ncl.com/travel-requirements-by-country. Thank you, Paul, and good morning, everyone. Once added to your profile, Future Cruise Credit can then be applied to any existing booking or newly created booking. Operator? During the first months of the pandemic in 2020, Norwegian Cruise Line issued thousands of FCCs to guests who saw their cruises canceled. Norwegian Cruise Line Security Guide. Please proceed with your question. What does My Future Cruise Credit not cover? But if, you know, Mark, if we look at Slide 13, I mean, look, you basically destroyed every guidance target that you laid out back in February for the first quarter. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. And the fact that they're willing to finance the additional 500 million euro, absolutely a positive. Great. A Future Cruise Credit (FCC) is essentially a voucher for future travel automatically being issued by Norwegian Cruise Line for guests on cancelled voyages. At this time all participants are in a listen-only mode. Future Cruise Credits will be credited to you via your Latitudes number within seven working days. Instead of getting the amount refunded to your credit card, you may be issued a certificate you can use towards your next Norwegian Cruise Line sailing. I'm joined today by Frank del Rio, president and chief executive officer of Norwegian Cruise Line Holdings; Harry Sommer, president and CEO-elect of Norwegian Cruise Line Holdings; and Mark Kempa, executive vice president and chief financial officer. Company Number: U63030DL2017FTC324871. No. Before I dive into the financial results and outlook, I want to also thank Frank for all that he has done to propel this company forward, as well as his outstanding leadership. Our next question is from Stephen Grambling with Morgan Stanley. that was extended to January 2025, we will address that -- start addressing that later this year. The scope of these targets cover our direct emissions, as well as the full well-to-wake impact of our fuel consumption. The last catalyst to highlight is our industry-leading newbuild pipeline shown on Slide 9, which Frank already touched on briefly. Thanks for that. 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. Delivering $4.4 billion in revenue in the first fiscal quarter of 2023 (ended Feb. 28), Carnival ( CCL 3.48%) ( CUK 3.87%) exceeded 2022's Q1 revenue result by 173% and came within 95% of 2019's . Don't forget, we've partnered with NCL specifically, in order to give you the best service and tell you all you need to know. The guests -- the passenger load occupancy is a function of what we talked before, having less third and fourth guests on board. Frank del Rio -- President and Chief Executive Officer, Norwegian Cruise Line Holdings. The best way to ensure a smooth transfer of future credits collected is to fill out the survey provided on the last day of the sailing. So, I can definitively say that in Q2, we will be at or ahead of our Q2 cabin load occupancy across the entire fleet. And just any color on how you're expecting on board trends in the second half would be helpful. Frequently Asked Questions - Norwegian Cruise Line So although guests can use the FCC until the end of the year 2022, they must also sail by the end of 2022. At 1,200 guests, Vista is the first of two Allura class ship for the line, with the second ship named Allura expected in 2025. At Holland America, the credits must be used by Dec. 31, 2022. Partial value transfers or transfers of remaining FCC balance are not permitted. So, I wouldn't skew too much that the premium itineraries are going to be a big driver of cost. So, I think, you know, the best indicator for us is our advanced passenger ticket sale revenue. Harry, welcome. And what's unique about that in the third and fourth quarter, obviously, we're taking -- we have a higher -- we have the higher operating cost brands of Oceania and Regent. Norwegian's Future Cruise Credit (FCC) is credit that you can use for your next Norwegian cruise. Is that still the intention? Learn More, Norwegian Cruise Line(NCLH 8.91%)Q12023 Earnings CallMay 01, 2023, 10:00 a.m. When cruises are greatly affected or canceled, or if passengers are given compensation for any reason, a nonrefundable future cruise credit is a common form of payment. It's really spread out over the course of the next three to five -- it's spread out, you know, I don't want to say radically, but relatively radically across all of the remaining newbuilds, excluding Norwegian Viva and Vista, which we just took delivery of, of course. And then, of course as you look at the brand mix, that's also a tailwind. Once the transfer takes place, the receiving guest is now the owner and the previous owner cannot request a transfer back. We're pleased with the results so far, but we're not stopping there. Pre-booked and pre-paid shore excursions And, Harry, welcome to the hot seat, as they say. And so, was the change since last reported, was it just sort of a decision to say, "Hey, we're happy with the pricing that we're getting." OK, operator, we can take the questions from the line now. What happens if the cancelled booking had a previous FCC applied? July 15, 2017. I am booked on a Sixthman full ship chartered cruise, which sails on Norwegian. I have worked with Harry in various capacities over the course of three decades, and I can assure you that he is a strategic and innovative leader, who has the right talent, skill set, and energy to lead the company at this pivotal time in its history. Book and get $500 Savings Credits bonus to use on you future cruises, hotels, resorts and more with iCruise Rewards. This is a strategic and cost-effective initiative to help address the consistent pain point we hear from guests regarding the reliability and speed of internet connectivity at sea. Thailand It also cannot be used to pay the initial deposit. Have you received a Norwegian Cruise Line Future Cruise Credit and are looking for some advice on the best way to use it? Princess Cruise Line's Future Cruise Credit (FCC) is credit that you can use for your next Princess cruise. It cannot be used to pay: Taxes Port fees Free expert cruise tips and news from Cruise Hive! Sorry, the Future Cruise Credit cannot be used to satisfy the deposit of your cruise booking. Future cruise credit blues NCL - Norwegian Cruise Line - Cruise Critic Malaysia Yeah. Now if you happen to have more Amex NCL $150 back offers on a number of cards (or other offers like 15,000 Membership Rewards points) when you spend $500 you could load in one of these to your cruise account. Sign up and register your NCL Future Cruise Credit here, then browse the unlimited availability of exciting NCL sailings, cabin categories and destinations available with my future cruise credit and contact one of our expert agents for personalised help with planning and booking. What happens to CruiseNext certificates that were used on a cancelled reservation? And then, maybe also kind of give us a look at '24. The Future Cruise Credit goes to the individual guest on the reservation. The 1 thing savvy cruisers do to save more on their next cruise You may include multiple requests on one case so long as the request is complete and proper consent from current coupon owner is included (either in an attached email or by the current owner being the one to submit the case), Original Peace of Mind or Suspended Sailing reservation number that generated the FCC being transferred, Client ID and name of Current FCC Owner who is authorizing the transfer, Client ID and name of Guest Receiving the FCC. Instead of getting the amount refunded to your credit card, you may be issued a certificate you can use towards your next Norwegian Cruise Line sailing. If the cruise you booked with future cruise credit is canceled, the full amount may again be refunded in the form of an FCC, and the expiration dates will likely be adjusted accordingly. And before I get started, I have to say that I am honored and grateful to be given the opportunity to lead this iconic company. Sure, I'll take that one. *Terms & Conditions Package not available on sailings less than 5 days or charter sailings. Can I use my Future Cruise Credit to prepay gratuities? Our NPD and yields continue to be strong, continue to be in line with our expectations. You've challenged us. Thank you. I guess to what extent should we expect that to continue to step down throughout the year. This does not mean, however, that we will not continue to invest in our product or service offering to enhance our guest experience. So, in order to preserve cash for the long term and given the very efficient rates, we simply decided to finance more. United Kingdom So, while on the surface it may appear that there is a -- it is a bit softer than Q1. Can you kind of help us understand why that's different now? Each submission request will be individually handled and responded to. Our next question is from Vince Ciepiel with Cleveland Research Company. Powered by Invision Community. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. At least, by that time, all of the Norwegian Cruise Line fleet will be operational. NCL Future Cruise Credits are non-refundable. These are given to customers as a form of compensation for inconveniences caused by cancelled cruises or service issues on a previous cruise. Please proceed with your question. The credit is typically broken down by each individual guest on the reservation, and their charges. Okay, gotcha. And then, my other question is just on the 1.7 billion in additional ECA financing. Norwegian Cruise Line Future Cruise Credit | My Future Cruise Credit But as Mark just discussed, we believe, over time, this actually is going to be EBITDA and margin-accretive. In addition, adjusted EPS loss of $0.30 also beat our guidance. ET. Before we get to the questions on the line, we first want to address a top question from our online shareholder Q&A platform, which provides all of our investors another avenue to submit and upvote questions for management. Mark, over the past year, you've given some longer-term net debt-to-EBITDA target ratios for various years. I want to stress that we recognize and acknowledge while this is a great start, we still have more work to do. Both the conference call and presentation will be available for replay for 30 days following today's call. And with those tools, we think bundling actually provides us in this uncertain future environment a competitive advantage. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. What protocols have been implemented to address COVID-19? Some FCCs are combinable. We expect this metric to continue to show modest sequential improvement each quarter for the remainder of 2023 as seen on Slide 8. This will be incredibly convenient for guests who had a cruise booked in 2020.

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