CRUISE HIVE LTD 2008-2023. * Peace of mind is only applicable to bookings that have payment applied as per terms and conditions. If you have any questions, our friendly team of Future Cruise Credit Experts are equipped and ready to help with your Future Cruise Credit. Mesmerising beach & city stays in over 200,000 hotel & resort properties worldwide. Thanks for that. Can I use more than one Future Cruise Credit towards a cruise booking? Effective May 18, 2020, FCCs from either our 2020 Suspended Sailings or Peace of Mind FCC are transferable. We have had a future cruise credit with Norwegian cruise line for some time when the cruise line cancelled out cruise at the beginning of the pandemic.Now we want to go on a cruise in september and use it, but the cruise line won't apply it, saying they will only apply it if we go before . Check out the following tips. Sun will return on May 5, sailing from Seattle to Alaska, and Norwegian Spirit will sail on May 7, from Papeete, Tahiti. Our NPD and yields continue to be strong, continue to be in line with our expectations. 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. Special Promotional Onboard Credits (OBC). This should result in a lower run rate cost level exiting 2023 than our full year reported results. What can I use the Future Cruise Credit towards in the future? 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. What Is Future Cruise Credit and How Can I Use It? All guests who complete an online submission request (requesting to convert active FCCs to a monetary refund) agree that they are authorized to do so on behalf of all persons on the reservation as we are unable to issue partial refunds. which gives us confidence that we can achieve this sequential improvement in year over-year-growth. These guests will now be able to take their time to decide when to take their next cruise. During the quarter, gross onboard revenue per passenger cruise day was nearly 30% higher than the comparable 2019 period. Another strong indicator that our product continues to resonate with our guests is the performance of NCL's CruiseNext program, an onboard program in which we sell nonrefundable future cruise certificates. And that's simply is a matter of, you know, when we sell the ticket to the consumer, we sell the air at what we believe are going to be the best projected prices. No. And then, you know, Mark, probably for you as well, if we go back to your initial guidance back in February, you noted that you turned the year, I think it was around 62% booked, which was in your historical range. As we execute on this plan, we expect to see a dual benefit of not only emission reductions, but also cost savings from reduced fuel consumption. Get expert advice, insider tips and more. Government Fees and Taxes Can I make a new booking before I receive my Future Cruise Credit and will this be applied after I booked. Scam or Deal: Will That Cruise Sale Really Save You Money? Many times, in lieu of a direct cash refund, a cruise line will take the price of a refunded cruise and issue it as a kind of gift certificate to be used toward booking a new sailing. Congrats, Frank and Harry. Cruise tours purchased through Norwegian Cruise Line For example, if several ports on an itinerary are skipped, a full or partial credit might be given. Partial value transfers or transfers of remaining FCC balance are not permitted. 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. So, now I'll turn the call over to Harry, who will be tasked with delivering on the significant potential upside we see ahead, to provide an update on the current environment and the key catalyst we have in the horizon. 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. There's never a guarantee, but that is what we're rallying around. Thank you, Frank. 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. Shifting our discussion now to our booking demand and pricing trends, you can see on Slide 10, we reached low factors of 101.5% in the first quarter, exceeding our guidance and breaking triple-digit levels for the first time in three years, with some voyages exceeding occupancy of 115%. Good morning. Cancellation penalties will be withdrawn from the FCC amount if applicable and remaining balance will be attached to guest's profile. Ancillary pre-purchased items include: You know, we're trying with our new premium, you know, itineraries to be booked a little further in advance so that close in bookings does not represent such as large a percentage of our overall business as it used to. Got it. I had a question if we could circle back just for a moment to the occupancy. And, you know, number one, that's on the back of very strong just good old-fashioned core growth. Insurance FCCs can only be applied to a new reservation where Essentials, Booksafe Standard or Platinum Travel protection has been added. Hey, guys, good morning. An Future Cruise Credit is almost always a compensation due to a cancelled, interrupted or rebooked cruise. Sure, Vince. And then, just a related follow-up question. That's right -- theythink these 10stocks are even better buys. The amount of FCC that a cruise passenger qualifies for is calculated on the base fare that they paid, less any taxes, fees, upgrades or additional purchases like excursions. ALL RIGHTS RESERVED. Future Cruise Credit Expiration Dates: Do I Need to Worry? That is just a complete no-no in our organization. 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. The 1 thing savvy cruisers do to save more on their next cruise 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. Can I convert my FCC into another currency? *Terms & Conditions Package not available on sailings less than 5 days or charter sailings. No, you will have to apply your Future Cruise Credit to a future cruise onboard Norwegian Cruise Line. ESG Reporting & Downloads. That being said, we were very pleasantly surprised with flows in demand for Caribbean in Q1. We thank you for your continued loyalty to Norwegian Cruise Line. Yes. Hey, good morning, everyone. Thanks. So, my first question is on the cost side. I won a bid on the Norwegian Upgrade Advantage. And just any color on how you're expecting on board trends in the second half would be helpful. Once added to your profile, Future Cruise Credit can then be applied to any existing booking or newly created booking. If the cruise you booked with future cruise credit is canceled, the full amount may again be refunded in the form of an FCC, and the expiration dates will likely be adjusted accordingly. Use your FCCs as payment first. It has a monetary amount associated with it, and it is provided instead of a refund. Can I use my Future Cruise Credit to book cruise extras and add-ons such as shore excursions stays tours or drink packages onboard? OK, that's helpful. Now, there are times when fate meets circumstances, and this happens to be one of those times, as my departure coincides not only with the 20th anniversary of the founding of Oceania Cruises, but also the delivery of the seventh ship in the Oceania fleet, the incomparable Vista, which you can see details about on Slide 6. We are heading over to Europe this week where Vista will be christened in Malta by her godmother, Emmy Award-winning food personality, Giada de Laurentiis. 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. 1. Norwegian Cruise Line | Future Cruise Credit - Cruises.com May 01, 2023, 10:00 a.m. If I cancel a reservation using Peace of Mind can I use my FCC to rebook the same sailing? Harry, congrats on the new role and look forward to getting to know you better. I also want to express my sincere appreciation to our loyal guests, valued travel partners, lenders, shipyards, investors, analysts, and all of our stakeholders for your continued support and partnership over the years. Norwegian Cruise Line ; Transfer cruise credits Please . On the other hand, a future cruise program is a way to secure a future cruise booking whilst onboard taking advantage of a great deal. I'll -- it's Harry. Norwegian Cruise Line Future Cruise Credit | My Future Cruise Credit Can you use your Future Cruise Credit to pay for more than one cruise in the future? Look, our book position, Harry touched on it earlier, we're exactly where we need to be to hit our goals and our guidance. It has a monetary amount associated with it, and it is provided in lieu of a refund. Reports, policies and documents related to our sustainability program, Sail & Sustain. Obviously, while there is a slight impact to load factor, the whole reason we're going to more longer premium itinerary intensive destinations is, number one, to get a better guest, to get higher pricing, and to maximize the value that we're getting out of each of our assets. 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. NCL Future Cruise Credits are non-refundable. Instead of getting the amount refunded to your credit card, you may be issued a certificate you can use towards your next Princess sailing. You've come to the right place. Great. And we've absolutely seen or exceeded those levels during Q1 booking period compared to Q1 of 2019. 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. Invest better with The Motley Fool. What do I do if I am ready to book my next cruise with My Future Cruise Credit? And then, the 1.4 billion of term loan and revolver. Turning to liquidity, our overall liquidity position remains strong at approximately 1.9 billion as outlined on Slide 17. 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. The Future Cruise Credit goes to the individual guest on the reservation. Get in touch at the below options: Copyright 2020 International Cruise & Excursion Gallery, Inc. My Future Cruise Credit, I.C.E. Is SoFi Stock a Buy Now? Thank you, Jessica, and good morning, everyone. Cruise Hive was established back in 2008 and among the earliest blogs in the industry. This is driven by our organic pricing power and in part by a favorable comp, as the second half of 2019 included various headwinds, like the rapid exit from Cuba and the close in resale of those sailings. And, Steve, thank you for the kind words at the initial start of your question. Norwegian Cruise Line Document Downloads I remember reading there was a form that my kids could fill out to transfer their cruise credits to me, does anyone have a link to that form? 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: This website uses cookies. Each submission request will be individually handled and responded to. And now that you've kind of moved through wave and have more of Alaska and Europe for this summer filled out, can you talk about how you're feeling about pricing for the summer? I'll take that one, too. Thank you. Transfer cruise credits - Norwegian Cruise Line - Cruise Critic Community Future Cruise Credits (FCC) are credits issued by a cruise line to use as payments towards another cruise vacation in the future. This article is a transcript of this conference call produced for The Motley Fool.
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