ncl future cruise credit transfer

Yes. If You Do This, You Won't Have to Worry About Them, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Copyright, Trademark and Patent Information. This should result in a lower run rate cost level exiting 2023 than our full year reported results. So, I just want to point out that that's not necessarily a change from last quarter. Policies for bookings made through Tour Operators or Wholesalers may vary, so please contact your Travel Partner for full details. Second, we are already starting to see the benefits of our margin enhancement efforts and will continue to take strategic measures to best position the company for its next chapter while ensuring that we keep the secret sauce that makes our brand so special fully intact. No, guests will receive the full value of their winning bid within the FCC and can apply that towards the sailing and category of their choice. It has a monetary amount associated with it, and it is provided instead of a refund. To find out more, please. Given their very efficient financing structures made possible to the unique nature of the industry's interconnected financing ecosystem, new ships are able to contribute immediately and are expected to be meaningful drivers of the company's future earnings growth and margin expansion. And we had to sell those voyages close in for, you know, very efficient pricing. So in terms of 2024, I'll take the second part of your question first. We are committed to identifying and evaluating incremental opportunities across every area of the business to help accelerate our margin recovery. I want to stress that we recognize and acknowledge while this is a great start, we still have more work to do. IATA Accredited. Can I use my Future Cruise Credit to prepay gratuities? India: ICE Vacation Center India (ICE). OK, operator, we can take the questions from the line now. And congratulations to both Frank and Harry. It's really around our promotions and advertising variable costs that would have any sort of influence. And lastly, we feel comfortable with our liquidity position and are committed to prioritizing restoration of our balance sheet in the coming years. Well, ladies and gentlemen, once again, I want to thank everyone on this call, whether you're a travel partner, a vendor, a lender, or an analyst, you've supported us. Cancellation penalties will be withdrawn from the FCC amount if applicable and remaining balance will be attached to guest's profile. During the quarter, gross onboard revenue per passenger cruise day was nearly 30% higher than the comparable 2019 period. inside cabins. You've come to the right place. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. Steve Wieczynski -- Stifel Financial Corp. -- Analyst. Beverage or dining gratuities (if part of the Free At Sea promotion selection) The Motley Fool has a disclosure policy. You can redeem any FCC by calling us! Regardless of the original Future Cruise Credit's expiration date, the new Future Cruise Credit is valid through December 31, 2021, at which time all unused funds will expire. This is one example of our focus on finding the right balance, which is critical to keeping our brand's value propositions intact, maintain our incredibly loyal past guest days, and continually attract new cruisers to sail on our world-class fleet for what we believe is the best vacation experience in the world. What is your current final payment policy and schedule? Thank you, Paul, and good morning, everyone. This may mean different protocols from ship to ship based on local requirements. New Zealand This is applicable to Peace of Mind and suspended sailings FCCs, including 25% and 50% credit FCCs issued for suspended sailings. And then, just a related follow-up question. The results of this initiative are ready to getting to bear fruit as demonstrated by our first quarter adjusted net cruise cost excluding fuel per capacity day, which was not only 14% below the run rate in the second half of 2022, but also outperformed our guidance by $4, as certain savings were realized earlier than anticipated. The full cancellation and final payment schedule can be viewed here. Some FCCs are combinable. So, you know, we think about that beat and the fact that you didn't really follow that through -- that full beat through, you know, to your full year EBITDA guidance, and look, you know, I understand there's a fuel headwind there. Turning to Slide 11, after a very strong wave season, our cumulative book position for the balance of 2023 remains ahead of 2019's record performance and at higher prices. Internet packages that are not part of the Free At Sea programme When does My Future Cruise Credit expire? So, we have very efficient fixed rate financing for all of our newbuilds that are on scheduled to delivery through 2028 at an average rate of anywhere from 2% to 2.5 %. Upon submission of the online request, an email will be sent to the email address entered on the form with a response and case number. You can redeem any FCC by calling us! Thanks for taking my question. Why book your Future Cruise Credit with us? * Peace of mind is only applicable to bookings that have payment applied as per terms and conditions. Mark, you sort of gave us quick update and sort of sequential improvement on the dollar basis throughout the year. Harry? Hi, Patrick. Image source: The Motley Fool. 10/31/2017. You know, we use all types of tools in terms of automation, even AI to predict when the best time to book a flight is. So, while we're not ready to necessarily change the rest of our guidance metrics, I think we're trending well, and we're trending healthy, and I think our guidance reflects that. Future reservations are subject to prevailing fares and offer in-market at the time of booking. Sorry, at this time their Future Cruise Credits are not stackable and can only be redeemed towards a single guests' cruise booking. Am I guaranteed the same category on the new booking? I know that was a big part of the commentary last quarter just on the uncertain macro. So, I would actually rephrase that as financial benefits. Dining/beverage packages that are not part of the Free At Sea programme So, of course, our bookings need to be 20% higher. Thanks. Our next question is from Robin Farley with UBS. But, overall, we believe that our air strategy is the right thing to do, given our strategic itinerary deployment. 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. As we anticipate high volumes of inquiries, we kindly ask for your patience and allow up to 30 days for the review process to be completed. I booked and paid for 2 cabins, we received future cruise credits to be used within 1 year and the credit was issued to each of the cruisers. I think that, you know, there was kind of the wave of pent up demand following some change in COVID restrictions at the mid to late part of last year. Thanks for that. Adjusted EBITDA was nearly $40 million higher than our guidance at approximately $234 million in the quarter. For guests who are no longer able to travel as a result of an official announcement by a government or agency that takes place within 14 days of sailing (when Peace of Mind is no longer available), and the mandate states guests are NOT allowed to travel, then a refund would be available. Third, we are excited to deliver on our industry-leading growth profile, which we are confident we can profitably absorb, providing a meaningful boost to our future earnings power. NCL's CruiseFirst and CruiseNext programs Norwegian Bliss in the Caribbean. Am I guaranteed the same category on the new booking? So, there's always going to be some puts and takes until when you actually purchase the flight where you may have some variability in there. 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. The original, full value FCC can be applied and used for the following: The FCC cannot be applied or used for the following: Final Payment and cancellation schedule for all voyages embarking May 1, 2022 forward will remain at our standard policy. At that time, the receiving guest will be able to apply the coupon to the desired reservation. If the cruise fare for the new booking exceeds the Future Cruise Credit value, you will be responsible for the difference. New hardware introductions generate excitement from those new to cruise and new to brand, as well as with our loyal past guests. Conor Cunningham -- Melius Research -- Analyst. Easy Steps to Use Your Future Cruise Credits STEP 1: View FCC STEP 2: Find Cruise STEP 3: Pay with FCC Log In and Find FCCs Listed on My Account Page Go to the "My Account" section of MyNCL, and you'll see your available FCCs in the My Coupons & Credits section. Thank you for joining us. Check your Regent Seven Seas Cruises here. The original, full value FCC can be applied and used for the following: Company Number: U63030DL2017FTC324871. It's easy to confuse future cruise credit with a future cruise program; the latter is a benefit, like onboard credit, offered for booking another cruise while you're onboard a current cruise. We want to deliver and hopefully beat, we'll continue down that path. Shore excursions booked whilst onboard Air purchased through Norwegian Cruise Line Mark? But most of all, you've made us better. Water and/or soda packages Is there anything the Peace of Mind FCC cannot be used for? Of course, as you -- as your occupancy ramps up, you do see a little bit less of pricing power on your lower meter, i.e. Upon submission of the online request, an email will be sent to the email address entered on the form with a response and case number. [Operator instructions] As a reminder to all participants, this conference is being recorded. Of course, Caribbean doesn't matter all that much for us in Q2 and beyond as we shift our deployment to Europe and Alaska. 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. In the second quarter, we expect to average 105% occupancy, a return to normalized levels with cabins fully sold. Get advice from Norwegian Cruise Line Future Cruise Credit experts & extra bonuses. Here at myFCC, we're committed to helping you make the most of your Future Cruise Credit. Taking a closer look at the components of the full year outlook, net per diem growth of approximately 9% to 10.5% as compared to 2019 and net yield growth guidance of approximately 5% to 6.5% are unchanged versus our prior guidance. And now, as we've essentially exited wave, can you maybe help us think about where you are booked now for '23? Our next question is from Steve Wieczynski with Stifel. In addition, they agree they are authorized to remove the value of any bonus future cruise credits offered by Norwegian Cruise Line for all guests. Once added to your profile, Future Cruise Credit can then be applied to any existing booking or newly created booking. Announcing Our 2023 Cruisers' Choice Award Winners! In broad terms, a future cruise credit is just what the name implies a voucher good for a future cruise. This is expected to translate to adjusted EPS of approximately $0.75 cents or $0.05 above our prior guidance, reflecting the first quarter outperformance partially offset by higher anticipated fuel costs and effects for the remainder of the year. We're on that journey. New Zealand. And just any color on how you're expecting on board trends in the second half would be helpful. Beginning May 15, 2020, guests who have a voyage through December 31, 2020, may cancel up to 48 hours from embarkation and receive a 100% future cruise credit to be used for sailings that embark through 31st December 2022. It can then be applied to any new or existing reservation or group booking. Thank you. 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. Sure, Jessica, happy to, and that's a great question. Exclusions may apply, but are not limited to, one of the following: An FCC has been fully or partially transferred. May 01, 2023, 10:00 a.m. The scope of these targets cover our direct emissions, as well as the full well-to-wake impact of our fuel consumption. W9 Form. Our brands continue to resonate with consumers as demonstrated by our book position and pricing for the remainder of '23. In addition, any of these items will also be added if booked through Norwegian Cruise Line; Flight arrangements, Hotel and Cruise Tour packages, Shore Excursions booked and pre-paid, Prepaid service charges, Beverage or Dining gratuities (if part of FAS Promotion selection), Essentials, Booksafe Standard or Platinum Travel Protection. What does My Future Cruise Credit not cover? Future Cruise Credits often have expiration dates, and they may also have specific guidelines for how they can be used. Thanks Mark. Effective May 18, 2020, FCCs from either our 2020 Suspended Sailings or Peace of Mind FCC are transferable. Please contact Sixthman directly. Our press release with first quarter 2023 results was issued this morning and is available on our investor relations website. ATAS Travel Accreditation No: A11156. Please proceed with your questions. Now, that's not a necessarily easy task, but that's one of the things we're marching to as a management team and, of course, with our board of directors. Well, Steve, first of all, you know, I appreciate the adjective you used of destroying our guidance, but I would like to say we healthily beat our guidance. Learn More, Norwegian Cruise Line(NCLH 8.91%)Q12023 Earnings CallMay 01, 2023, 10:00 a.m. And we simply executed some of those initiatives quicker than we had anticipated. This will either cover the cost of the fare or be issued in the form of an open certificate similar to the Future Cruise Credit. By Check out the following tips. that's something that you'll see us out in the marketplace in the latter part of this year. Whats the difference between my Future Cruise Credit, a future cruise program and onboard credit? Great. The Motley Fool has no position in any of the stocks mentioned. Shifting our attention to the backdrop that makes me so optimistic for what lies ahead, Slide 7 outlines our current positioning and the key catalysts we see now and on the horizon. Our first question is from Dan Politzer with Wells Fargo. My questions are for Mark. It also cannot be used to pay the initial deposit. There's never a guarantee, but that is what we're rallying around. This initiative is very much ongoing and will continue to be a top priority under my leadership. Or is that spread out over different years? Include the following information in the comments field: Completed FCC transfer request information as listed below. Thank you. So, all of our newbuild orders, I'll remind everybody that we do not execute any newbuild orders without committed financing. Can you kind of help us understand why that's different now? So although guests can use the FCC until the end of the year 2022, they must also sail by the end of 2022. This will be incredibly convenient for guests who had a cruise booked in 2020. These guests will now be able to take their time to decide when to take their next cruise. An Future Cruise Credit is almost always a compensation due to a cancelled, interrupted or rebooked cruise. And, of course, as we buy air tickets for over a million guests a year, we have some really good systems and efficiencies to leverage the best prices out there. Yeah, Brandt, good morning. Focusing on the top line, total revenue per passenger cruise day in the quarter was up approximately 18% versus 2019. To find out more, please. Turning to liquidity, our overall liquidity position remains strong at approximately 1.9 billion as outlined on Slide 17. IMPORTANT: To learn more about how to prepare your clients for sailing please visit the pre-cruise requirements page at www.ncl.com/prepare-for-your-cruise/2021 for all required documents and protocols. Mesmerising beach & city stays in over 200,000 hotel & resort properties worldwide. Guests can then participate in a new bid once invited to bid for the newly selected sailing. Before I turn the call over, I'd like to provide an update on our decarbonization efforts as part of our global sustainability program, Sail & Sustain, something that I am very passionate about and committed to advancing. Go to the "My Account" section of MyNCL, and you'll see your available FCCs in the My Coupons & Credits section. Copyright 19952023 The Independent Traveler, Inc. Amazing, Funny & Totally Awesome Cruise Photos. The current FCC holder is not the original FCC recipient. We thank you for your continued loyalty to Norwegian Cruise Line. We've talked previously about the actions taken earlier this year to address a large portion of our 2024 maturities, so I won't go into further details today, but a summary is provided on Slide 16 for your reference. Registered Seller of Travel. FCCs from either suspended sailings or Peace of Mind cant be converted into another currency. So. Charters are excluded. What happens if there is a difference in cruise fare between the FCC and the booking? I have to thank our partners at Fincantieri once again for bringing our vision to life and delivering a truly magnificent ship. What is even more exciting is that this is just the first of three newbuilds that we have in the pipeline this year, with Norwegian Viva and Regent Seven Seas' Grandeur joining the fleet later this year. Absolutely, however for Future Cruise Credits associated with these affected cruises, the Future Cruise Credit must be first generated and attached to your profile. With that, I'll turn it back to Frank for closing comments. Good morning, Dan. Now, shifting our focus to our outlook for the full year 2023. With each cruise line's form of credit comes its own stipulations on when and how to use it. Effective May 18, 2020, FCCs from either the 2020 Suspended Sailings or Peace of Mind FCC are transferable. And we'll continue to leave no stone unturned. Can I use My Future Cruise Credit to upgrade my cabin? We've demonstrated that in our full year updated guidance, and we will continue to push hard on that. Norwegian Star will sail from Barcelona, Spain, and Pride of America from her traditional homeport of Honolulu, Hawaii.

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