NORWEGIAN Cruise Line Holdings (NCLH) has reported record financial results for Q2 2025, which it says “meets or exceeds all guidance metrics”.
The impressive results come off the back of strong customer demand, which saw bookings ahead of historical levels.
Total revenue for the quarter closed at US$2.5 billion, up 6% on the same period last year, with EBITDA for the period sitting at US$694 million.
NCLH said it has seen a rebound in extended European itineraries following “softness” in Apr, with occupancy across the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands at 103.9% for the quarter, in line with guidance.
Advance cruise fare sales including long lead time bookings also ended the quarter in record territory at US$4 billion.
Operational highlights for the year included the reveal of significant expansion plans for its private Caribbean island, Great Stirrup Cay, with a new water park to be developed and ready to open by the middle of next year (CW 30 Jul).
Another highlight saw Oceania take delivery of Allura, and cement an order for a further two Sonata-class ships (CW 11 Jul).
“We delivered another record quarter, demonstrating once again the strong customer demand environment, the power of our brands, our outstanding onboard product, and the dedication of our team,” said NCLH President & Chief Executive Harry Sommer (pictured).
“Demand has rebounded across all three of our brands, with bookings now ahead of historical levels in recent months and continued strength in onboard spend,” Sommer added.
“This performance reflects the strength of our offerings across the fleet, along with our disciplined focus on driving both return on investment and return on experience.”
The company said it remains on track to deliver on its full-year guidance, with an adjusted EBITDA of $2.72 billion – an 11% year-on-year increase, despite growth in net cruise costs. ML
