Norwegian Cruise Lines’ quarterly figures were announced on July 31, 2024.
According to the data, the results were in line with analysts’ expectations. The revenue was up 7.6% year on year and the profit per share reached $0.40, compared to the $0.30 per share in the same quarter last year.
However, what is most important to point out, and what will surely concern passengers, is that prices may go up again.
Why might this happen? Let’s find that out.
The data on bookings
The Executive Vice President and Chief Financial Officer of Norwegian Cruise Line Holdings said that the company entered the second half of 2024 with quite a strong momentum.
According to the data, demand throughout 2024 is robust, so it will be possible to improve efficiency and margins.
This can obviously have an impact on prices, and the CEO explained it better in an interview with Bloomberg Television.
The prices rise
According to the CEO, the cruise line might be in a position where it might be possible to raise cruise prices, given the level of demand.
There is no complex science behind it. Just as with other consumer goods, price is given by the intersection of supply and demand.
If the demand for cruises is high, most cabins are booked well in advance, so the price goes up.
As Norwegian Cruise Line Holdings President and CEO Harry Sommer said, most of the cabins for 2024 are already sold out so it’s normal that the price may increase for 2025.
How to save money on cruises?
Of course, this may not sound like good news for cruise passengers, especially those traveling on a budget.
As I have already mentioned here on the blog, it is important to follow some steps to save money, such as booking well in advance.
For more details here’s what I do to get a better cabin on a cruise and be sure to add only the extras that are really worth the money.
Below here you can see the full interview with NCL CEO and President.
