We thank you for your continued loyalty to Norwegian Cruise Line. First, we continue to see healthy and resilient demand from our target markets who remain willing and eager to spend on cruise vacation travel. 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. Now, shifting our focus to our outlook for the full year 2023. I have to thank our partners at Fincantieri once again for bringing our vision to life and delivering a truly magnificent ship. Stephen Grambling -- Morgan Stanley -- Analyst. Our booking window, which is our best forward-looking indicator, remains strong. Only the entire and full original value of Peace of Mind and suspended sailing FCCs worth 100% of the fare paid, as well as the bonus 25% or 50% FCCs, are eligible for transfer. that was extended to January 2025, we will address that -- start addressing that later this year. OK, thank you. And the thought process there was, it is very efficient and very extremely beneficial financing. So in terms of 2024, I'll take the second part of your question first. Turning to costs, adjusted net cruise costs, excluding fuel per capacity day, averaged $161.25, better than expected and approximately 14% lower than the run rate in the second half of 2022. United States: International Cruise & Excursion Gallery, Inc. If I already have another cruise booked can I use My Future Cruise Credit against my existing one? Powered by Invision Community. And I think we've demonstrated that in Q1. Click here to reload the page in order to enable certain features. Since the start, it's been our aim to provide the latest cruise news covering all the major cruise lines. I said last quarter, we need to do a better job of leveraging our scale. 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: At time of cancellation, all promotional offers, amenities, and value adds will be removed from the booking and will not carry-over to future reservations. IATA Accredited. Cost basis and return based on previous market day close. What can the Peace of Mind FCC be used for? But if we do it right, we can turn it to our benefit. 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. In either case, you can register your Future Cruise Credit online on our My Future Cruise Credit website, then browse all the sailing available and call an expert for the best personal planning and booking consultation. Yeah, Patrick, we're firing on all cylinders. A reconciliation to the most directly comparable GAAP financial measure and other associated disclosures are contained in our earnings release and presentation. For example, if several ports on an itinerary are skipped, a full or partial credit might be given. Bon voyage gifts and celebration packages It's also on the back of bringing on some of our premium brand vessels. Operator? Harry, welcome. Unfortunately not, however, if the new cruise fare is lower than the Future Cruise Credits value, a new Future Cruise Credit will be issued for the remaining balance. How can I receive a Future Cruise Credit? Tailor-made packages to help you build the dream holiday you need. Can guests use their FCC to pay for more than one cruise in the future? Congrats, Frank and Harry. For guests to use their FCC, they will need to choose a cruise they like. French Listen, in Q2 and in all future quarters, our focus now is on having our cabins as close to 100% full as possible. Cancellation penalties will be withdrawn from the FCC amount if applicable and remaining balance will be attached to guest's profile. Why Norwegian Cruise Line Stock Jumped Monday, 4 Reasons to be Bullish on Norwegian Cruise Line Stock, 1 Growth Stock Down 80% You'll Regret Not Buying on the Dip. As government regulations evolve, our health and safety protocols will evolve as needed to ensure compliance. So, I would actually rephrase that as financial benefits. Listen, we were very pleased with the results in Q1. 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. In April, Norwegian Star and the only large cruise ship registered under the US flag, Pride of America, will resume sailings. How to Transfer Cruise Ship Credits | USA Today This may mean different protocols from ship to ship based on local state or port requirements or in an abundance of caution to keep our guests and crew as safe as possible. Norwegian Cruise Line has extended its Future Cruise Credit (FCCs) booked by date until the end of the year. If I booked a fly cruise does my Future Cruise Credit cover the cost of the flight? See all the ways you can use your Savings Credits Credits below, then find out how many you're eligible for right away! Use the cruise search filters on NCL.COM to find the perfect cruise. It's definitely favorable terms. You've come to the right place. We are focused on better leveraging our scale as we embark on this period of transformational growth and translating this capacity growth into outside benefits to both the top and bottom line. At least, by that time, all of the Norwegian Cruise Line fleet will be operational. and reflecting lower than expected costs in the first quarter. Capacity growth in 2023 is expected to be just shy of 20% compared to 2019, as we add over 5,000 berths to our world-class fleet. Government Fees and Taxes And there's always going to be some variable variability in there, but nothing that overly concerns us. 7/27/2022. To cancel under our Peace of Mind policy, the following terms and conditions had to be met: Any ancillary items sold by Norwegian Cruise Line will be refunded to the cardholder who made the original purchase and will not be included in the FCC. Unfortunately, at the time of cancellation, all promotional offers, amenities, and value add-ons are removed and will not carry-over to future reservations. What is excluded in the future cruise credit (FCC) or refund? Thanks for that. Photo packages. Check out the following tips. Communication will be sent to you once the Future Cruise Credit is added. New hardware introductions generate excitement from those new to cruise and new to brand, as well as with our loyal past guests. You may include multiple requests on one case so long as the request is complete and proper consent from current coupon owner is included (either in an attached email or by the current owner being the one to submit the case), Original Peace of Mind or Suspended Sailing reservation number that generated the FCC being transferred, Client ID and name of Current FCC Owner who is authorizing the transfer, Client ID and name of Guest Receiving the FCC. In addition, they agree they are authorized to remove the value of any bonus future cruise credits offered by Norwegian Cruise Line for all guests. This is a strategic and cost-effective initiative to help address the consistent pain point we hear from guests regarding the reliability and speed of internet connectivity at sea. that's something that you'll see us out in the marketplace in the latter part of this year. Vince Ciepiel -- Cleveland Research Company -- Analyst. Our target consumer remains resilient with a persistent desire for travel and experiences. 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. Step 5. Europe: I.C.E Europe Ltd. Company Number: 03793955. Our pre-sold revenue on a per-passenger day basis for the first quarter of 2023 is approximately double the level in 2019, an important contributor to our onboard revenue strength, as guests who make pre-cruise purchases tend to spend significantly more than guests who do not pre-book onboard activities. The first ship to return to service will be Norwegian Pearl, sailing from the stunning new cruise terminal in PortMiami, from February 7. CruiseNext deposits applied to a reservation cancelled under our Peace of Mind policy will not be reissued. As we look to the remainder of the year, our substantial book position, coupled with the continued healthy demand metrics we are experiencing, gives us confidence in achieving our 2023 net per diem and net yield guidance, which Mark will touch on in more detail momentarily. An email from the current FCC owner requesting the transfer to be made must be included when submitting the transfer request via, Insurance FCCs and 10% bonus FCCs are not transferrable. Can you use your Future Cruise Credit to pay for more than one cruise in the future? And our balance sheet is up, I think, 60% compared to the end of Q1 2019, which I think gives you a very robust indicator of how our book position looks? Yeah, so, definitely, we are planning -- you know, we are funding all of our existing debt maturities this year from cash on hand and organic cash flow. Upon submission of the online request, an email will be sent to the email address entered on the form with a response and case number. We continue to expect modest sequential improvement each quarter in 2023 as occupancy increases and as a result of initiatives which have already been identified and implemented.
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