ncl future cruise credit transfer

The financing also covers older supplies associated with preparing certain newbuilds to enter service, as well as related financing premiums. For additional information, please visit www.ncl.com/travel-requirements-by-country. I'm just curious, if flight prices broadly is acting as a headwind and if you think about your book or your strategy this year for the summer, is it -- is flight prices being bundled in for the consumer? Yes. And you're talking today about some of the, you know, the shoulder period itineraries are being expanded. In terms of this gap of 3%, does that reflect what we're going forward? It has a monetary amount associated with it, and it is provided in lieu of a refund. Mesmerising beach & city stays in over 200,000 hotel & resort properties worldwide. And, Frank, congrats on a storied career and wish you all the best luck in your future endeavors. Thanks. PLUS receive a bonus credit to save on hotels, get 24/7 expert Future Cruise Credit & COVID advice & find the best deals - all in one place. So, that does somewhat elevate your unit cost, although we do receive benefit on both the top and bottom lines from that. Congrats, Frank and Harry. The FCC is applied to an active and existing reservation. And as we look out over the next five years, this increases to approximately 50% growth versus 2019. This includes improvements in areas such as supply chain initiatives, back office optimization, as well as crew costs and travel expenses. Tailor-made packages to help you build the dream holiday you need. Ancillary items include Bon Voyage gifts and celebration packages, pre-purchased dining, or beverage packages (those not part of FAS promotion), water packages, purchased on board credits, pre-purchased internet, or photo packages. Future cruise credit (FCC) is a bit like store credit from a cruise line. Future Cruise Credits will be credited to you via your Latitudes number within seven working days. Have comfort in knowing that we are Future Cruise Credit Experts and our specialised team will assist you along the whole way, You will have a full selection of sailings available from all major cruise lines alongside beautiful destinations to explore, Proud to be globally recognised and accredited agent. Anything in place already since April 2021 would not allow the guest to cancel and receive the above. Jessica John -- Vice President, Investor Relations, ESG, and Corporate Communications. A Future Cruise Credit (FCC) is essentially a voucher for future travel. It's really spread out over the course of the next three to five -- it's spread out, you know, I don't want to say radically, but relatively radically across all of the remaining newbuilds, excluding Norwegian Viva and Vista, which we just took delivery of, of course. Which sailings qualify under Norwegians Peace of Mind policy? Turning to liquidity, our overall liquidity position remains strong at approximately 1.9 billion as outlined on Slide 17. One day later, Norwegian Jade will return to service from a homeport that is not used too often, Panama City, from where she will offer Panama Canal cruises. Before I turn the call over, I'd like to provide an update on our decarbonization efforts as part of our global sustainability program, Sail & Sustain, something that I am very passionate about and committed to advancing. Thank you, Harry, and good morning, everyone. https://www.ncl.com/about/cancellation-fee-schedule. And we simply executed some of those initiatives quicker than we had anticipated. 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. ABTA numbers Y1932 and L6366. You can redeem any FCC by calling us! Right now, many people are receiving Future Cruise Credits because the cruise they were supposed to sail on was cancelled due to unprecedented circumstances. We will continually evaluate options to accelerate our recovery while maintaining adequate financial flexibility to adapt to different macroeconomic backdrops. Effective today, all FCCs with a current effective to date of January 31, 2022, will be updated to reflect a new effective to date of December 31, 2022, and a sail-by date of December 31, 2022.. Learn More, Norwegian Cruise Line(NCLH 8.91%)Q12023 Earnings CallMay 01, 2023, 10:00 a.m. We said we expected them to be within a couple of points, especially on the overall year run rate. NCL Future Cruise Credits are non-refundable. Stephen Grambling -- Morgan Stanley -- Analyst. And we'll continue to leave no stone unturned. How can I see my Future Cruise Credit balance. So, while we did get a benefit in Q1, it doesn't necessarily translate to a benefit in the outer quarters simply because we already had that baked into our guidance. I want to reiterate our commitment and relentless focus on delivering value for all of our key stakeholders. What can I use the Future Cruise Credit towards in the future? We have been working together along with our board of directors and the rest of the senior management team for some time now to ensure a seamless transition, and I am confident that NCLH will not skip a beat as we continue to push forward and capitalize on the momentum we are experiencing today. Great. These ships will further elevate and cement Oceania Cruise's leading position in the upper premium cruise space. 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. Once the transfer is completed, a confirmation email will be sent to the email provided at time of case submission. Thank you, Frank. 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. We've all experienced, whether it's traveling for business or consumers traveling, flight prices are elevated. Personally, I couldn't have asked for a more fulfilling and more successful career in this incredible industry, and everyone here contributed to that. So, my first question is on the cost side. Thank you. Thanks for that. Mark, you sort of gave us quick update and sort of sequential improvement on the dollar basis throughout the year. While we originally planned to fund this with our organic cash flow generation when the ships were originally ordered, given the very efficient and supportive financing we received from export credit agencies and the continued uncertainty in the macro and financial markets, we felt financing this was a prudent action to minimize cash outflows for the next few years. Second, we are already starting to see the benefits of our margin enhancement efforts and will continue to take strategic measures to best position the company for its next chapter while ensuring that we keep the secret sauce that makes our brand so special fully intact. Steve Wieczynski -- Stifel Financial Corp. -- Analyst. As Harry noted, we continue to evaluate all opportunities to accelerate revenue and improve operating efficiencies and are taking deliberate actions to improve our margins, while maintaining the exceptional guest experience and superior service levels our brands are known for. If one of the available insurance plans is not added to the reservation, the FCC will be removed from payment. So, we're very happy with that strategy? At Holland America, the credits must be used by Dec. 31, 2022. But, you know, Q1 finished up at 101.5. Our next question is from Vince Ciepiel with Cleveland Research Company. And there's two choices. A guest has been affected by one or more suspensions, Guest elected to cancel via our Peace of Mind (POM) policy, A guest is unable to meet any vaccination requirements. I was just wondering if that 500 million was for 2023, or is that for the later deliveries that the 1.2 billion applies to? Vietnamese Absolutely. Got it. In Q2, a quarter ago, you talked about it, returning to historic occupancy levels. And I think it's somewhere in the neighborhood of -- we have 3% more deployment in Q4 of Alaska and I believe 7% deployment -- more deployment in Europe for Q4. I have full confidence in the management team and their ability to take this company on to its next chapter. Your Future Cruise Credit will, most likely, only be redeemable towards a new cruise fare and is issued in lieu of a refund, however, some Cruise Lines have given customers the option to receive an onboard spend credit in lieu of a refund. And if you don't want to give exact numbers, you know, I understand that, but maybe some qualitative commentary would be would be helpful there. Later, we will conduct a question-and-answer session, and instructions for the session will follow at that time. The original, full value FCC can be applied and used for the following: Please proceed with your question. Better Buy: Lindblad Expeditions or Norwegian Cruise Line? * Peace of mind is only applicable to bookings that have payment applied as per terms and conditions. Sorry, at this time their Future Cruise Credits are not stackable and can only be redeemed towards a single guests' cruise booking. This does not include the separate 300 million undrawn backstop commitment, which enhances our future liquidity but is not currently available to draw. So, we are taking deliveries of ships, obviously, now in the second quarter. See all the ways you can use your Savings Credits Credits below, then find out how many you're eligible for right away! And congratulations to both Frank and Harry. So, I would actually rephrase that as financial benefits. Charters are excluded. CRUISE HIVE LTD 2008-2023. And then, on the shift to longer cruises and more immersive cruise, the 3-point gap in overall occupancy, is that basically reflective of that change in the second quarter? NCL, once you have a reservation, allows you to buy onboard credit up to $1000 per sailing. Instead of getting the amount refunded to your credit card, you may be issued a certificate you can use towards your next Princess sailing. Applicability to convert an existing FCC to a monetary refund request may be submitted for one of the following reasons: Any guest affected by one of the above, wishing to request a monetary refund (of their original cruise fare paid and in lieu of their active FCC, including bonus amounts) must submit a refund request via the Guest Relations Case Submission page at https://www.ncl.com/case-submission. So although guests can use the FCC until the end of the year 2022, they must also sail by the end of 2022. In terms of the export credit agency financing, yes, so we obtained financing for 1.7 billion euro. As we anticipate high volumes of inquiries, we kindly ask for your patience and allow up to 30 days for the review process to be completed. We work in partnership with all the major cruise & travel associations. This will either cover the cost of the fare or be issued in the form of an open certificate similar to the Future Cruise Credit. You know, we use all types of tools in terms of automation, even AI to predict when the best time to book a flight is. We're also hard at work at our ongoing margin enhancement initiative and are continuing to identify new and innovative ways to get more efficient while also delivering best-in-class product and service offerings for our guests. To give you an example, bookings for Regent's 2026 World Cruise were nearly 70% higher than its 2022 World Cruise, which was the last world cruise launched pre-pandemic, at an average price point of over $230,000 per suite. And, of course, with our bundling strategy that we've embarked on, you know, over the last few years, and that's really taking full throttle in 2023, that does have some headwinds to our overall net yield. This may mean different protocols from ship to ship based on local requirements. 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. So, I think, you know, the best indicator for us is our advanced passenger ticket sale revenue. Instead of getting the amount refunded to your credit card, you may be issued a certificate you can use towards your next Norwegian Cruise Line sailing. Norwegian's Future Cruise Credit (FCC) is credit that you can use for your next Norwegian cruise. Thank you. During the quarter, gross onboard revenue per passenger cruise day was nearly 30% higher than the comparable 2019 period. Ms. John, please proceed. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.

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