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About Norwegian Cruise Line
Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise company in North America, Europe, the Asia-Pacific, and internationally. The company operates the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. It offers itineraries ranging from three days to a 180-days calling on various locations, including destinations in Scandinavia, Russia, the Mediterranean, the Greek Isles, Alaska, Canada and New England, Hawaii, Asia, Tahiti and the South Pacific, Australia and New Zealand, Africa, India, South America, the Panama Canal, and the Caribbean. As of December 31, 2021, the company had 28 ships with approximately 59,150 berths. It distributes its products through retail/travel advisor and onboard cruise sales channels, as well as meetings, incentives, and charters. Norwegian Cruise Line Holdings Ltd. was founded in 1966 and is based in Miami, Florida.
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Norwegian Cruise Line Logo and Tagline
Category: Tourism
Norwegian Cruise Line (NCL), also known in short as Norwegian, is an American cruise line founded in 1966, incorporated in Bermuda and headquartered in Miami. It is the third-largest cruise line in the world by passengers. The cruise line was founded in 1966 by Norwegian Knut Kloster and Israeli Ted Arison. It is wholly owned by parent company Norwegian Cruise Line Holdings.
- Industry : Tourism
- Founded : 1966
- Headquarters : Miami, Florida, United States
- Area served : Worldwide
- Parent : Norwegian Cruise Line Holdings
- Website : ncl.com
Norwegian Cruise Line Tagline / Slogan
Feel Free. Freestyle cruising. Where you are free of whatever. If you think all cruises are the same, it’s time to try Freestyle Cruising.
Norwegian Cruise Line Logo
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- | Deck Plans | Norwegian Cruise Line">14-Day Authentic Alaska - Southbound Cruise Tour | Deck Plans | Norwegian Cruise Line
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A Leading Global Cruise Company
We are a leading global cruise company with a portfolio of three award-winning brand s and a vision to be the vacation of choice for everyone around the world. We set ourselves apart with our young modern fleet, robust growth profile and innovative , best-in-class product offerings .
Norwegian Cruise Line Holdings Ltd.
At a glance, ships in fleet.
with delivery from 2025 through 2036
Berths on order, destinations visited globally, expected guests carried in 2023, team members across the globe.
Luxurious Private Island Destinations
* Five vessels with delivery from 2025 to 2028
World-renowned Cruise Brands
We operate Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises. O ur diverse brands offer a high level of onboard service and rich experiences for our guests. Whether guests are looking for unparalleled freedom, immersive sensory experiences, or all-inclusive luxury, they’ll find what they love aboard our fleet.
Passion Propels Us
To be the vacation of choice for everyone around the world.
Provide exceptional vacation experiences, delivered by passionate team members committed to world-class hospitality and innovation.
- Flawless Execution
- Dedication to Family and Community
- Spirit of Entrepreneurship
- Financial Excellence
- Environmental Stewardship
Images of NYSE Group, Inc. are used with permission of NYSE Group, Inc. Neither NYSE Group, Inc. nor its affiliated companies sponsor, approve of or endorse the contents of this website. Neither NYSE Group, Inc. nor its affiliated companies recommend or make any representation as to possible benefits from any securities or investments.
Navigating with a Highly Experienced Team
Our leadership team is comprised of diverse and accomplished executives with strong entrepreneurial spirits coupled with decades of experience in cruise, travel, leisure and hospitality-related industries.
Meet Our Management Team
Meet Our Board of Directors
A Leader in Cruise with Compelling Competitive Strengths
Our decades of experience as a cruising operator have allowed us to fine-tune our many competitive advantages to position us as a strong leader in our industry.
- Three award-winning brands
- Efficient organizational structure
- A leading operator in upscale experiences
- Youngest fleet of major operators
- Differentiated pricing drivers
- Highly experienced management team
- Strong financial track record
- Fastest growing cruise operator*
- Sizable yet nimble fleet
- Go-to-market strategy
*Compared to major publicly traded cruise operators
Driving a Positive Impact
We are deeply committed to driving a positive impact on society and the environment while delivering on our vision to be the vacation of choice for everyone around the world through our global sustainability program, Sail & Sustain.
A History of Cruising Innovations
Our story began more than half a century ago when Norwegian Caribbean Line was founded by Norway’s oldest and most respected shipping company. In 1966, we made a groundbreaking maiden voyage with 550 passengers that changed how the world viewed holidays at sea. No longer simply a means of transportation, the ship became a destination unto itself, offering guests an exciting, affordable alternative to land-based resorts. As the cruise industry began to gain popularity, Norwegian led the way with its introduction of a fleet of sleek, new “white ships” in the late 60s and early 70s and continued to add capacity and expand itineraries throughout the next two decades. Norwegian Caribbean Line became Norwegian Cruise Line in 1987 to reflect an expanded route structure. Throughout the 90s the company continued to expand its fleet with newer and larger vessels built to replace the now retired “white ships.”
NCL’s journey began in 1966 as Norwegian Caribbean Lines, the first cruise line to offer weekly departures to the Caribbean. The Company then began launching its fleet of sleek, white ships making regular calls to exotic island ports.
The 70s were an era of expansion and growth for the Company. In 1977, the company purchased Great Stirrup Cay, becoming the first cruise line to offer a private “out island” experience.
In 1984 Norwegian Caribbean Lines purchased Royal Viking Line and in 1987 it changed its name to Norwegian Cruise Line (NCL) to reflect an expanded route structure.
Throughout the 1990s NCL continued to expand and focus on an increasing array of destinations as it retired its classic white ships. As it ushered in a new generation of ships, two ships the Norwegian Dream and Norwegian Wind underwent extensive reconstructions with each ship stretched 130 feet with the largest “mid-body” inserts done in the industry. The 1990s also marked a series of other firsts including the first WiFi capabilities on a cruise ship and later cell phone service fleetwide even while ships were at sea.
In February 2000, Norwegian Cruise Line was acquired by Genting Hong Kong Limited (formerly Star Cruises Ltd.) for approximately $1.8 billion. Following the acquisition, Star Cruises became the third largest cruise line in the world and launched an expansion program of new ships, onboard improvements and innovative itineraries.
In May 2000, Norwegian Cruise Line introduced Freestyle Cruising® , a revolutionary product offering that provided guests freedom and flexibility in a cruise vacation for a more relaxed, resort-style vacation experience versus traditional cruising.
The first purpose-built Freestyle Cruising® ship was built in 2001 and due to the company’s unique capability to deliver this product offering and its tremendous success, all newbuilds since have been purpose-built for Freestyle Cruising®.
In August 2007, we sold a 50 percent ownership stake in Norwegian Cruise Line to private equity groups Apollo Management, LP and TPG Capital for a $1 billion cash equity investment. The investment closed on January 7, 2008.
In January 2013, we completed our initial public offering and listed on the NASDAQ stock exchange, trading under the ticker symbol “NCLH”. We sold 27.1 million shares for net proceeds of approximately $477.64 million. Our IPO was a huge success and priced above the range. Post-IPO, all three sponsors sold down their stakes and exited their long-term investments by year-end 2018.
In November 2014, we acquired Prestige Cruises International, Inc., the parent company of Oceania Cruises and Regent Seven Seas Cruises, in a cash and stock transaction for $3.025 billion, including the assumption of debt. This transaction diversified our portfolio to include three award-winning, global cruise brands.
We are a leading global cruise company operating world-renowned cruise brands: Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises. Our combined fleet of 32 ships carries millions of guests to approximately 700 destinations across the globe. Our future is bright, and we will be introducing five new ships across our three brands through 2028.
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Wall Street Favorites: 3 Cruise Stocks with Strong Buy Ratings for May 2024
InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Cruising is back in a big way. But you don’t have to enjoy cruising to start looking for cruise stocks to buy. All you have to do is remember a few key statistics from the 2024 State of the Cruise Industry report published by the Cruise Lines Industry Association.
First, after years of struggling to reach 2019 levels, cruise travel in 2023 reached 107% with 31.7 million passengers. And the number of travelers was up in virtually every region. Global cruise capacity is expected to grow by at least 10% in the next five years.
Plus, the core cruise traveler is less than 40 years old, so there’s little danger of consumers getting aged out. 10% to 13% of Millennials and Gen-Z travelers are comfortable traveling alone, which fits other trends in our society.
And when you consider that cruising currently only accounts for about 2% of the travel and tourism sector, there’s plenty of room for growth. So before you finalize those vacation plans (possibly a cruise), you should look at these attractive cruise stocks.
Royal Caribbean (RCL)
Royal Caribbean (NYSE: RCL ) came roaring back to pre-pandemic revenue level and, more importantly, profitability in 2023. Not surprisingly, RCL stock has been up more than 84% in the last 12 months, making it one of the top-performing stocks in its sector and the entire market. And since reporting earnings in late April, Royal Caribbean stock has surpassed pre-pandemic levels.
Also, in that earnings report, the cruise line raised its full-year guidance and reported refinancing $1.25 billion in debt . That should alleviate concerns about the company’s debt-to-equity ratio of 3.54.
Like many cruise lines, Royal Caribbean forecasts strong demand for the remainder of the year. And the company is successfully monetizing those passengers. In the last quarter, it reported a 14% increase in the adjusted gross margin per passenger per cruise day. Plus, 100% of this additional revenue flows to the company’s bottom line.
In addition to that positive news, RCL stock has an attractive valuation of just 12x forward earnings. With the company’s plans to launch four new cruise ships in the next two years, you can see why RCL stock belongs on your list of cruise stocks to buy.
Norwegian Cruise Line Holdings (NCLH)
It took a while, but Norwegian Cruise Line Holdings (NYSE: NCLH ) is finding some smooth sailing. In 2023, the company reported $8.55 billion in revenue , pushing the cruise line’s revenue above 2019. That revenue growth continued in the first quarter of 2024. Norway recorded $2.2 billion in revenue, which was 20% higher year-over-year.
On the earnings front, the news was even better as Norwegian turned a loss of 37 cents per share in the first quarter of 2023 into a 16-cent per share gain. That beat even the bullish expectations for 12 cents per share.
Moving forward. Norwegian expects gross capacity growth to increase at a compound annual growth rate of 6% through 2028. The company also increased its full-year guidance in key areas such as adjusted net income and EBITDA.
However, NCLH stock is down about 9% in the 30 days ending May 15, 2024. This seems to be a bit of an overreaction to the company’s revenue, which, although higher than the prior year, missed analysts’ estimates by 1.99%.
Viking Holdings (VIK)
Viking Holdings (NYSE: VIK ) went public via an initial public offering ( IPO ) on May 1, 2024. The stock debuted at $26.45, now over $28 per share.
Some of that enthusiasm is due to the fact that the IPO market has been dry for the last few years. However, a bigger reason is that Viking Holdings is not a new company. And it’s a company with a history of being profitable as a private company.
The company offers a distinctly premium cruising experience targeted to affluent consumers with features such as no children on board and no on-board casinos. The company also cruises to niche destinations that these consumers will embrace.
There’s a lot to like about VIK stock. However, before you decide if Viking is one of your cruise stocks to buy, you’ll want to pay attention to the company’s first earnings report as a publicly traded company. That will occur on May 29, 2024. If the company delivers revenue and earnings, and more importantly, the forward guidance analysts expect, a $28 price target may be a floor and not a ceiling.
On the date of publication, Chris Markoch did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines .
Chris Markoch is a freelance financial copywriter who has been covering the market for over five years. He has been writing for InvestorPlace since 2019.
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The post Wall Street Favorites: 3 Cruise Stocks with Strong Buy Ratings for May 2024 appeared first on InvestorPlace .
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Norwegian Cruise Line (NCL), also known in short as Norwegian, is an American cruise line founded in Norway in 1966, incorporated in Bermuda and headquartered in Miami. It is the fourth-largest cruise line in the world by passengers, controlling about 8.6% of the total worldwide share of the cruise market by passengers as of 2021. It is wholly owned by parent company Norwegian Cruise Line ...
As of December 31, 2021, the company had 28 ships with approximately 59,150 berths. It distributes its products through retail/travel advisor and onboard cruise sales channels, as well as meetings, incentives, and charters. Norwegian Cruise Line Holdings Ltd. was founded in 1966 and is based in Miami, Florida.
In 2023, Norwegian Cruise Line welcomed Norwegian Viva into the fleet, the second ship of the next generation Prima Class, the most innovative and successful class in the Company's history. The Company has placed an additional four ships on order from 2025 to 2028. The new class will build upon the brand's legacy of freedom and flexibility ...
Norwegian Cruise Line's logo is seen aboard the Norwegian Epic ship as it sits docked at Pier 88 in New York, U.S., on Friday, July 2, 2010. The... Tour Of Norwegian Cruise Line's Newest Ship
In 2003, Norwegian Cruise Line took Norway out of service, though it didn't sell the ship off until 2005. Ships that left the fleet in the 2000s were Leeway in 2000, Norwegian Crown in 2004 ...
Get More with Free At Sea. Enrich your cruise vacation with up to 6 Free Offers with Norwegian's Free At Sea promotion. Choose from Free Unlimited Open Bar, Free Specialty Dining, Free Airfare for 2nd Guest, Free Shore Excursions, Free WiFi and Free 3rd & 4th Guests.
NCL Norwegian Cruise Line logo. Photo: Ackats / Shutterstock.com. The 1980s marked a quieter period for the line, with Seaward, later known as Norwegian Sea, being the notable addition. It stood out as NCL's first-ever new build. The 1990s saw both growth with new ships and consolidation. In 2000, Genting Hong Kong acquired NCL, ushering in an ...
The cruise line was founded in 1966 by Norwegian Knut Kloster and Israeli Ted Arison. It is wholly owned by parent company Norwegian Cruise Line Holdings. Info. Industry : Tourism. Founded : 1966. Headquarters : Miami, Florida, United States. Area served : Worldwide. Parent : Norwegian Cruise Line Holdings.
As the innovator in global cruise travel, Norwegian Cruise Line has been breaking the boundaries of traditional cruising for over 57 years. Most notably, the cruise line revolutionized the industry by offering guests the freedom and flexibility to design their ideal vacation on their preferred schedule with no assigned dining and entertainment ...
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Norwegian Cruise Line logo png vector transparent. Download free Norwegian Cruise Line vector logo and icons in PNG, SVG, AI, EPS, CDR formats.
Cruise deals for Alaska, Hawaii, Bahamas, Europe, or the Caribbean. Weekend getaways and great cruise specials. Enjoy Freestyle cruising with Norwegian Cruise Line.
14-Day Authentic Alaska - Northbound Cruisetour | Norwegian Cruise Line; 14-Day Authentic Alaska - Southbound Cruisetour | Deck Plans | Norwegian Cruise Line ... ncl-logo-feelfree-navyblue-h-600x55.png ncl-logo-feelfree-navy-blue-h-600x55.png ncl-logo-feelfree-navy-lightblue-h-600x55.png ncl-logo-feelfree-navy-orange-h-600x55.png ncl-logo ...
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20-Day Transpacific from Tokyo (Yokohama) & Alaska | Norwegian Cruise Line; 11 Reasons to Cruise to Alaska this Summer | NCL Travel Blog; 14-Day Authentic Alaska - Northbound Cruise Tour | Norwegian Cruise Line; 14-Day Authentic Alaska - Southbound Cruise Tour | Deck Plans | Norwegian Cruise Line
14-Day Authentic Alaska - Southbound Cruise Tour | Deck Plans | Norwegian Cruise Line 20-Day Transpacific from Tokyo (Yokohama) & Alaska | Norwegian Cruise Line View All Results
In February 2000, Norwegian Cruise Line was acquired by Genting Hong Kong Limited (formerly Star Cruises Ltd.) for approximately $1.8 billion. Following the acquisition, Star Cruises became the third largest cruise line in the world and launched an expansion program of new ships, onboard improvements and innovative itineraries.
It took a while, but Norwegian Cruise Line Holdings (NYSE: NCLH) is finding some smooth sailing. In 2023, the company reported $8.55 billion in revenue, pushing the cruise line's revenue above ...