Noting strong demand and an improved outlook for the year, Norwegian Cruise Line Holdings has increased its full-year 2024 guidance.
The company boosted expectations for net yield growth from 6.4% to 7.2%. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) are now expected to reach $2.30 billion, up from $2.25 billion.
NCLH also improved its adjusted earnings per share guidance from $1.32 to $1.42. The company expects to reach 105.1% occupancy this year.
NCLH, which owns Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises, has continued to see "very strong demand and record bookings," said CFO Mark Kempa. The company ended Q1 in a record booked position for the next 12 months.
NCLH has looked to cut costs to offset the impact of inflation, the company's executives said during its Q1 earnings call in early May.