My questions are for Mark. Can guests choose to carry promotional amenities or value adds from their cancelled reservation to their future booking? We will continually evaluate options to accelerate our recovery while maintaining adequate financial flexibility to adapt to different macroeconomic backdrops. Sorry, the Future Cruise Credit cannot be used to satisfy the deposit of your cruise booking. And lastly, we feel comfortable with our liquidity position and are committed to prioritizing restoration of our balance sheet in the coming years. Thanks, Harry. After all, the newsletter theyhave run for over a decade, Motley Fool Stock Advisor, has tripled the market.*. Can I use my Future Cruise Credit to prepay gratuities? Before turning the call over to Q&A, I'd like to leave you with some key takeaways which you can find on Slide 18. It also cannot be used to pay the initial deposit. United States: International Cruise & Excursion Gallery, Inc. Sure, I'll take that one. But most of all, you've made us better. Have a great day, stay safe, and all the best. Step 5. Norwegian Cruise Lines Future Cruise Credit applied for cancelled sailings will have a value between 125% and 150% depending on the departure date and the sailing. and related brands, logos and marks are registered trademarks and/or service marks in the United States and internationally. An Future Cruise Credit is almost always a compensation due to a cancelled, interrupted or rebooked cruise. So, but, you know, if you just took Q1 in isolation and you said, "OK, we beat the quarter by $0.15 and you look at the rest of the year, almost half of that is being eroded by fuel and FX headwinds. Social Security Cuts May Be Coming. You can redeem any FCC by calling us! With each cruise line's form of credit comes its own stipulations on when and how to use it. A Future Cruise Credit (FCC) is simply a voucher for future cruise travel. Essentials, Booksafe Standard or Platinum Travel Protection insurance (if purchased on the original suspended reservation), The Future Cruise Credit cannot be applied or used for the following: We have had a future cruise credit with Norwegian cruise line for some time when the cruise line cancelled out cruise at the beginning of the pandemic.Now we want to go on a cruise in september and use it, but the cruise line won't apply it, saying they will only apply it if we go before . Harry, welcome. Taiwan This does not mean, however, that we will not continue to invest in our product or service offering to enhance our guest experience. That's $1,500 in extra value -- a 37.5% return on the original payment of $4,000 -- just for letting the cruise company hold onto the original payment for another year or two. And we'll continue to optimize around that. https://www.ncl.com/about/cancellation-fee-schedule. This will be incredibly convenient for guests who had a cruise booked in 2020. Unless otherwise noted, my commentary on net per diem, net yield, and adjusted net cruise cost, excluding fuel per capacity day metrics, is on a constant currency basis. How long will the Peace of Mind policy be in effect? During the quarter, gross onboard revenue per passenger cruise day was nearly 30% higher than the comparable 2019 period. Dining/beverage packages that are not part of the Free At Sea programme Also, I guess that would relate to the first quarter, but just trying to zoom in a little bit on the first quarter versus second quarter and the change there. Listen, we have about 20% increase in capacity for 2023 versus 2019. Princess Cruise Line | Future Cruise Credit - United Cruises This reflects the rapid execution of cost savings initiatives identified and implemented last year, some of which were realized earlier than anticipated. Is there anything the Peace of Mind FCC cannot be used for? Our booking window, which is our best forward-looking indicator, remains strong. And you're talking today about some of the, you know, the shoulder period itineraries are being expanded. Future Cruise Credit Expiration Dates: Do I Need to Worry? The last catalyst to highlight is our industry-leading newbuild pipeline shown on Slide 9, which Frank already touched on briefly. Thank you. All future cruise credits must be redeemed within one year from issue date and can be used for sailings departing on or before December 31, 2022. Dining or beverage packages (those not part of the Free at Sea (FAS) promotion) Whether you booked directly with NCL or via a Travel Agent the Future Cruise Credit you receive is linked to NCL only and can be redeemed towards a future NCL cruise. Effective May 18, 2020, FCCs from either our 2020 Suspended Sailings or Peace of Mind FCC are transferable. Norwegian Cruise Line (NCLH) Q1 2023 Earnings Call Transcript And I think we've demonstrated that in Q1. Yeah. Passengers struggle to use cruise credits before they expire - The Today marks a significant milestone for me, as it is my 34th and final earnings call as president and CEO of this incredible company before my upcoming retirement, which was announced just over a month ago. Can I use My Future Cruise Credit with any cruise line? We continue to expect modest sequential improvement each quarter in 2023 as occupancy increases and as a result of initiatives which have already been identified and implemented. We bought two Cruise Next certificates because we figured we would be returning to NCL for future cruises. I assure you it is exactly where we expect it to be. Below are instructions and frequently asked questions for redeeming and using your Future Cruise Credits. Thank you for joining us. Water and/or soda packages Net per diem increased approximately 7.7%, achieving the high end of guidance, while net yield of 3.6% was a healthy beat versus our expectations, as low factor of 101.5% came in well ahead of projections. Reports, policies and documents related to our sustainability program, Sail & Sustain. How long is my Future Cruise Credit valid for? Thank you. Tagalog, Australia The last time we spoke regarding the debt maturity, the intention was to use cash flow from operations this year to pay off the existing ECA loans. Great, thanks. Good morning. As a reminder, this conference call is being simultaneously webcast on the company's investor relations website at www.nclhltd.com/investors. Fourth quarter is also expected to benefit from our strategic shift to premium deployments with extended Alaska and European seasons this year, as well as a mixed shift with more capacity operating for our Regent and Oceania brands.
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