The outlook for 2020 is strong for Norwegian Cruise Line Holdings Ltd (NCLH), the world’s third largest cruise shipping group as demand, occupancy and pricing outpace present year, its top officer said.
“We are on track to deliver yet another record-breaking year in 2019, and the positive momentum for our global brands is carrying over into 2020, as demand, occupancy and pricing continue to outpace 2019 record levels, buoyed by the addition of Norwegian Encore and Seven Seas Splendor,” said Frank Del Rio, president and chief executive officer of NCLH, in a statement.
“The underlying fundamentals of our business remain as strong as ever, allowing us to post another solid quarter of financial results despite the impacts from Hurricane Dorian. The top line exceeded expectations and we recorded the highest quarterly revenue in our history
“We accelerated returns to shareholders to take advantage of current valuations and executed $150 million in share repurchases in the quarter, bringing our total capital returns since January 2018 to $1 billion,” said Mark A. Kempa, executive vice president and chief financial officer.
