ncl future cruise credit transfer

You know, pretty much close to that, absent the Q1 commentary I gave you already. Tailor-made packages to help you build the dream holiday you need. With significantly higher participation as a result of enhancements to our bundled offerings today when compared to '19, the accounting allocation between ticket and onboard revenue has also changed, which can skew the comparison. Indonesia Right now, many people are receiving Future Cruise Credits because the cruise they were supposed to sail on was cancelled due to unprecedented circumstances. How can I receive a Future Cruise Credit? And whether or not we refinance that on a more holistic approach or we do another amend and extend, obviously, we'll look at what the markets are doing, what the environment looks like, but we'll do the most, obviously, the most economically feasible option out there. The first ship to return to service will be Norwegian Pearl, sailing from the stunning new cruise terminal in PortMiami, from February 7. In order to transfer an FCC, and in an effort for us to best assist you quickly, please follow the instructions below: POM or Suspended Sailing reservation number that generated the FCC being transferred: At time of cancellation, all promotional offers, amenities, and value adds will be removed from the booking and will not carry-over to future reservations. So, the remainder of it, we are carrying through. And, of course, with our bundling strategy that we've embarked on, you know, over the last few years, and that's really taking full throttle in 2023, that does have some headwinds to our overall net yield. The value will be included in the POM-NRD credit that was issued. Please proceed with your question. Free expert cruise tips and news from Cruise Hive! 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. Internet packages that are not part of the Free At Sea programme This may mean different protocols from ship to ship based on local requirements. We are focused on better leveraging our scale as we embark on this period of transformational growth and translating this capacity growth into outside benefits to both the top and bottom line. For example, if several ports on an itinerary are skipped, a full or partial credit might be given. If the new mandate is a significant inconvenience to the guest, i.e. So, we are marching toward that. They either make their own air arrangements or they make air arrangements through us. No, you will have to apply your Future Cruise Credit to a future cruise onboard Norwegian Cruise Line. Norwegian Cruise Line sends out a letter about its Future Cruise Credits being extended to December 31, 2022, to provide a further chance to rebook. Am I guaranteed the same category on the new booking? A good example of this is a recent announcement regarding the rollout of the Starlink low-latency broadband internet system in a phased manner across our fleet. NCL, once you have a reservation, allows you to buy onboard credit up to $1000 per sailing. We combined with our ongoing efforts to maximize profitability on our existing fleet, including by delivering consistent year-over-year moderate yield growth. And, Steve, thank you for the kind words at the initial start of your question. And I'm just trying to -- and obviously, if we try and back into what's implied for the full year, you know, it would seem like it's very modest improvement, almost flattish from a pretty high level. Include the following information in the comments field: Completed FCC transfer request information as listed below. 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. Our first question is from Dan Politzer with Wells Fargo. 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. 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. Obviously, it sounds like wave has been healthy, but would you say things are stable, accelerating, or decelerating kind of on a core basis when you adjust for those factors? So, I'm going to kind of ask Dan's question maybe a little bit differently. If the amount of your credit exceeds the cost of the new cruise, then the balance will be reissued as a new FCC voucher (but likely the same expiration date). Check your Regent Seven Seas Cruises here. The following is applied to the Future Cruise Credit when calculated: Cruise fare and taxes. Both the conference call and presentation will be available for replay for 30 days following today's call. Please contact Sixthman directly. Announcing Our 2023 Cruisers' Choice Award Winners! I'll take that one, too. United States: International Cruise & Excursion Gallery, Inc. The last catalyst to highlight is our industry-leading newbuild pipeline shown on Slide 9, which Frank already touched on briefly. Thank you. The top-voted question we received this quarter was, what are the three main action points the company will take to ensure growth in the year ahead? Harry Sommer -- President and Chief Executive Officer, Norwegian Cruise Line. FCCs are now valid through December 31, 2022, Norwegian Cruise Line Holdings Is First to Opt-In to Voluntary CDC Guidelines, Coast Guard Rescues 4 Passengers from 3 Cruise Ships in 24 Hours, Holland America Opens Alaska Season With Special 150th Events, Viking Vessel Launches Toronto 2023 Cruise Season, MSC Cruises Announces First-Ever Winter Season in Japan. Japanese The value of the original Future Cruise Credit will now be added to the new Future Cruise Credit at 100% of its original value, plus 125% of any amount paid by the guest on the cancelled sailing. Listen, we were very pleased with the results in Q1. And now, as we've essentially exited wave, can you maybe help us think about where you are booked now for '23? Invest better with The Motley Fool. What Are Carnival's Early Saver Cruise Deals? Thank you. Thanks Mark. 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. For additional information, please visit www.ncl.com/travel-requirements-by-country. I am booked on a Sixthman full ship chartered cruise, which sails on Norwegian. This average is slightly below 2019 levels as a result of our strategic shift to longer, more immersive itineraries at the Norwegian Cruise Line brand, naturally resulting in less thirds and fourths, which is what historically pushes passenger occupancy above the 100% mark, all while enhancing margin over time. And as I said in my prepared remarks, the second half of 2023 is expected and we continue to expect very strong pricing and yield growth. Thank you. At least, by that time, all of the Norwegian Cruise Line fleet will be operational. 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. I know the 1.2 billion are for those ships that are a couple of years out, is the additional 500 million euros, is that for 2023 specifically? 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. Transfers All three of our brands are well poised to properly absorb this elevated capacity growth, given our relative size and under-penetration in many markets around the world. Why book your Future Cruise Credit with us? It's really around our promotions and advertising variable costs that would have any sort of influence. Each submission request will be individually handled and responded to. Got it. 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. So in terms of 2024, I'll take the second part of your question first. It's a little less close in demand there as we are booked further in advance. Peace of Mind allows you to defer decisions to a later date and therefore the cancelled cruise may not be re-booked using the FCC. This does not mean, however, that we will not continue to invest in our product or service offering to enhance our guest experience. Copyright 19952023 The Independent Traveler, Inc. Amazing, Funny & Totally Awesome Cruise Photos. Guests can then participate in a new bid once invited to bid for the newly selected sailing. I have a sneaking suspicion you were a contributor to the stellar booking and pricing on the around-the-world sailing. So, we are taking deliveries of ships, obviously, now in the second quarter. When you get to the "Payment Page" of booking, choose "My Coupons and Credits" from the Payment Type pull down menu. Have you qualified for a future cruise credit but aren't sure how to use it? But also, in Q4, where we expect quite a substantial amount of our pricing power, we are actually in the Alaska season longer this year, as well as in the European season longer this year. 10/31/2017. At this time all participants are in a listen-only mode. These statements should be considered in conjunction with the cautionary statement contained in our earnings release. CruiseNext deposits applied to a reservation cancelled under our Peace of Mind policy will not be reissued. We said we expected them to be within a couple of points, especially on the overall year run rate. So, just any more detail there between maybe the gross in the net. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. We want to deliver and hopefully beat, we'll continue down that path. Is there anything the Peace of Mind FCC cannot be used for? Complete the on-board survey. which gives us confidence that we can achieve this sequential improvement in year over-year-growth. A credit card dispute was filed for the charges. As government regulations evolve, our health and safety protocols will evolve as needed to ensure compliance. 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. It cannot be used to pay: Taxes Port fees But, Frank, you took me under your wings early in my career, and it taught me so much over the last three decades. Our record book position also gives us high visibility into the back half of the year and beyond. Our NPD and yields continue to be strong, continue to be in line with our expectations. My commentary today will focus on our first quarter 2023 financial results, 2023 guidance, and the progress on our financial recovery. The FCC is applied to an active and existing reservation. Great. https://www.ncl.com/about/cancellation-fee-schedule. Norwegian's Future Cruise Credit (FCC) is credit that you can use for your next Norwegian cruise. Our next question is from Patrick Scholes with Truist Securities. What happens if the cruise I booked using my Future Cruise Credit is cancelled? Note: Suspended Sailings and Peace of Mind FCCs are valid for sailings through December 31, 2022. This allowed cruise lines to retain cash -- at 25% interest -- at a time when ships weren't bringing in revenue. Don't rely on the cruise line to keep track of your credit; bookmark, print or save the email with your future cruise credit information so you have everything you'll need -- or your agent needs -- when you're ready to rebook. The consumer is still strong, the consumer is buying cruise tickets, the consumer is spending more on board, the consumer is pre-buying more before they got on board. So, we said last quarter that we wanted to be prudent in terms of our guidance. that's something that you'll see us out in the marketplace in the latter part of this year. An email from the current FCC owner requesting the transfer to be made must be included when submitting the transfer request via https://www.ncl.com/case-submission Insurance FCCs and 10% bonus FCCs are not transferrable Once the transfer takes place, the receiving guest is now the owner and the previous owner cannot request a transfer back. What can the Peace of Mind FCC be used for? NCL Future Cruise Credits are non-refundable. In terms of this gap of 3%, does that reflect what we're going forward? Sun will return on May 5, sailing from Seattle to Alaska, and Norwegian Spirit will sail on May 7, from Papeete, Tahiti. Cruise lines have issued millions of future cruise credits to customers since the COVID-19 pandemic began in lieu of refunds for canceled sailings far more than at any other point in the history of cruising. 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. Again, we had to rapidly exit Cuba in, I believe, June or July of 2019. This will be incredibly convenient for guests who had a cruise booked in 2020. Thank you. The FCC has been partially applied to an active and existing reservation. We will continually evaluate options to accelerate our recovery while maintaining adequate financial flexibility to adapt to different macroeconomic backdrops. In Q2, a quarter ago, you talked about it, returning to historic occupancy levels. This does not include the separate 300 million undrawn backstop commitment, which enhances our future liquidity but is not currently available to draw. The cruise line has extended this period again; FCCs are now valid through December 31, 2022. To redeem a Future Cruise Credit or for additional questions, please call 1-866-921-7925 to speak with a Costco Travel expert. 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. As a reminder, this conference call is being simultaneously webcast on the company's investor relations website at www.nclhltd.com/investors. Company Number: U63030DL2017FTC324871. The guests -- the passenger load occupancy is a function of what we talked before, having less third and fourth guests on board. My questions are for Mark. Our booking window, which is our best forward-looking indicator, remains strong. Beverage or dining gratuities (if part of the Free At Sea promotion selection) We have been working together along with our board of directors and the rest of the senior management team for some time now to ensure a seamless transition, and I am confident that NCLH will not skip a beat as we continue to push forward and capitalize on the momentum we are experiencing today. Please allow up to 7 business days for the transfer request to be completed. 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. We'll send you a weekly newsletter to your inbox. 10 stocks we like better thanNorwegian Cruise LineWhen our analyst team hasa stock tip, it can pay to listen. 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. Can I convert my FCC into another currency? In addition, comparisons to 2019 includes certain premium price Baltic and Cuba voyages in that year, which we did not operate in 2023. Many cruise fans opted for the credits instead of cash refunds in order to treat themselves to longer sailings or cabin upgrades down the road, courtesy of the cruise line. Reservations cancelled outside of final payment received a full refund back to the method of payment used to book. 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. 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. POM FCCs must be redeemed by June 30, 2023, for sailings departing on or before June 30, 2023. And we simply executed some of those initiatives quicker than we had anticipated. Our onboard revenue generation, which is our best real-time indicator of how consumers are feeling financially, is also performing exceptionally well. Focus on where you want to go and let us make your dream come true - stress-free!". Please proceed with your questions. Future Cruise Credits (FCC) are credits issued by a cruise line to use as payments towards another cruise vacation in the future. Future Cruise Credits issued in, for example, June 2020 would have expired in July of 2021; for that reason, Norwegian Cruise Line had already extended the booked by date to January 31. Tagalog, Australia 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.

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