by Sarah Kuta
Last updated: 5:40 PM ET, Mon May 20, 2024
Norwegian Cruise Line Holdings unveiled its new “Charting the Course” strategy during its investor day at the New York Stock Exchange today.
The company shared its refreshed vision—“Vacation Better. Experience More.”—and discussed strategic initiatives focused on four pillars: people, product, growth platform and performance. Executives also highlighted the company’s three-year financial and sustainability targets, which aim to increase returns for shareholders.
The new “Vacation Better. Experience More.” vision is designed to resonate with guests and staffers across all three of the company’s brands—Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises. The new vision “not only captures our commitment to offer our guests unforgettable vacation experiences, but focuses our over approximately 40,000 team members to deliver on that commitment,” said Harry Sommer, president and chief executive officer of Norwegian Cruise Line Holdings.
The new vision is supported by four pillars: People Excellence, Guest-centric Product, Long-term Growth Platform and Exceptional Performance.
"This strategy has already been set in motion with initiatives such as our recent announcement regarding eight transformational newbuilds for our three brands and infrastructure improvements for our private island in the Bahamas, Great Stirrup Cay,” Sommer added. “We will continue to innovate and build on our foundation of success—not just financially, but also sustainably through our Sail & Sustain program."
The company also raised its full-year profit forecast. Norwegian Cruise Line Holdings is now expecting an adjusted profit of $1.42 per share, up from its previous forecast of $1.32. The company also increased expectations for net yield growth from 6.4 percent to 7.2 percent, and Adjusted EBITDA from from $2.25 billion to $2.30 billion.
“We have continued to see very strong demand and record bookings,” said Mark Kempa, the company’s chief financial officer. “We are now thrilled to launch this financial plan by setting long term targets with increased 2024 guidance, putting ourselves on solid footing to enhance shareholder value in the coming years.”
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