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NCLH reports 'record-breaking' wave period and booked position

Specialist
Will Payne
1 March 2023

Norwegian Cruise Line Holdings (NCLH) has entered 2023 with a record booked position at a higher price, with each of its three brands experiencing "record breaking" wave periods.

(Credit: Norwegian Cruise Line)

The Norwegian Cruise Line (NCL), Oceania Cruise and Regent Seven Seas Cruises parent has seen "very strong" demand so far in 2023, according to a recent trading update covering the fourth quarter and full year to 31 December 2022. 

The company entered the year with a cumulative booked position of approximately 62% for 2023, in line with previously outlined expectations and within the firm’s optimal 60% to 65% range, and at higher prices than 2019 at a similar point in time.

Booking volumes have accelerated in recent months buoyed by strong wave season demand, NCLH said, with its brands achieving several booking records in recent months.