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NCLH credits ‘relentless’ focus on cost base for record quarterly revenue of $2.5bn

Cruise
Harry Kemble
2 November 2023

The boss of Norwegian Cruise Line Holdings (NCLH) has said the group’s “relentless effort” to reduce its cost base “continues to bear fruit” after the company revealed it had met or exceeded guidance for every one of its key third-quarter metrics.

Harry Sommer, NCL

President Harry Sommer confirmed NCLH had met or beat all key metrics in Q3 (Credit: NCLH)

The company, which operates Norwegian Cruise Line (NCL), Oceania Cruises and Regent Seven Seas Cruises, generated record-breaking revenue of $2.5 billion – up 33% versus 2019 – during the last three-month period. 


In line with guidance, occupancy was 106% in the quarter and total revenue per passenger cruise day jumped by 16% compared with the same period in 2019. 


Bookings for the fourth quarter are ahead of 2019 levels at higher pricing, NCLH said. As of 30 September, NCLH’s advance ticket sales total was $3.1 billion – 59% higher than in the same quarter in 2019.