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August 31, 2010

ROYAL CARIBBEAN ANNOUNCES SALES EXECUTIVE PROMOTIONS

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MIAMI, August 30, 2010 - Royal Caribbean International today announced two executive promotions within the cruise line's Sales, Trade Support and Services department. Ken Muskat is named Vice President to oversee the growth of the cruise line's consumer outreach efforts and Joanne Schimelman is appointed Vice President of Sales and National Accounts. Ms. Schimelman now manages the day-to-day functions of the entire North American sales force and Mr. Muskat leads the dedicated team of Certified Vacation Planning agents, who help those vacationers whose channel of choice is to plan their vacations with the cruise line.

"I am delighted with Joanne and Ken's promotions, which will further Royal Caribbean's success in selling the world's most innovative cruise line," said Vicki Freed, senior vice president of Sales, Trade Support and Services, Royal Caribbean International. "We are fortunate that Ken will bring with him to his new role a firsthand perspective and sensitivity to the crucial role that travel agents play in our business, as well as have Joanne's industry expertise brought to the entire North American sales force. I thank Joanne and Ken for their leadership and wish them continued success in their new roles."

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With more than 15 years at Royal Caribbean, Mr. Muskat has served in a variety of positions in Royal Carbbean's Hotel Operations, Strategic Planning, Marketing and Sales, and most recently has been integral in leading the continuous success of the cruise line's North American sales force as Vice President. Throughout, he has spearheaded many new and innovative programs to engage the cruise line's valued travel agent partners, such as initiating and starring in the industry's first weekly online radio show for travel trade and consumers, 'Why Not Talk Cruise,' and helped foster closer relationships with our valued travel agent partners."

In her former position as Vice President of National Account Sales, Ms. Schimelman has succeeded in managing some of the cruise line's largest accounts, including consortia, home-based networks, franchise organizations and online channels. She too has an extensive track record, with more than 15 years of cruise line sales and marketing experience.

Royal Caribbean International is a global cruise brand with 21 ships currently in service and one under construction. The line also offers unique cruisetour land packages in Alaska, Dubai, Europe, Australia and New Zealand, and South America. For additional information or to make reservations, contact a Royal Caribbean WOW Specialist at Cruising2Europe.com #1-800-738-8837.

Posted by Denise at 09:37 AM | Comments (0)

August 25, 2010

Have the Slime of Your Life on Two Exclusive Nickelodeon All Access Cruises

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Guests who book now receive up to $250 in on-board credit and half off deposit

Miami - Aug 23, 2010 ---
Norwegian Cruise Line and Nickelodeon are offering the ultimate family cruise vacation with two "Nickelodeon All Access Cruises" setting sail in 2011. These special Nickelodeon-themed cruises give guests access to seven days of slime-filled entertainment all day, every day aboard Norwegian Jewel, sailing from New York on February 20, 2011; and on the cruise line's newest and most innovative ship, Norwegian Epic, sailing from Barcelona on July 24, 2011. Families who book an All Access Cruise between August 23, 2010 and September 13, 2010 will receive a special offer of up to $250 in on-board credits, based on stateroom category; and half off the deposit (excluding the Garden Villa and other suite categories).

Norwegian and Nickelodeon have partnered to provide families with a once-in-a-lifetime cruise vacation that is all Nickelodeon, all week long. Exclusive Nickelodeon family programming featured on the two "Nickelodeon All Access" cruises includes:

- Ultimate sliming experience offers a chance for the whole family to get slimed together.

- Meet & greets with the stars of Nickelodeon's hottest live-action shows. Special cruise guests have included stars from iCarly, True Jackson VP, and the voice of SpongeBob SquarePants.

- This year's star line-up is still to be announced, but promises to be just as exciting.

- Special viewings and premieres of never-before-seen episodes of Nickelodeon's hit TV shows like iCarly, Victorious and SpongeBob SquarePants.

- Meet & greets with some of your favorite Nickelodeon characters including SpongeBob SquarePants, Dora the Explorer, Aang the Last Airbender and many more!

- Nickelodeon's signature messy game shows like Slime Time LIVE! and poolside events.

- Breakfast with Nickelodeon characters every day of the cruise.

- And much more!

- Plus, families can enjoy the freedom and flexibility of Norwegian Cruise Line's Freestyle Cruising®.

The non-stop excitement and thrills of the "Nickelodeon All Access Cruise" are only available on: Norwegian Jewel sailing President's Day holiday, February 20, 2011, round-trip from New York to Orlando (Port Canaveral), Florida; Nassau, Bahamas; and Great Stirrup Cay, Norwegian's private island or Norwegian Epic departing on July 24, 2011 from Barcelona with ports of call including Florence/Pisa (Livorno), Rome (Civitavecchia), and Naples, Italy; and Palma, Majorca, Spain. Starting rates are from $899 per person double occupancy on Norwegian Jewel and from $1299 per person double occupancy on Norwegian Epic.

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The on-board credit limited time offer includes $250 per stateroom when sailing in a Garden Villa, available on Norwegian Jewel; $150 for suites; $100 for mini-suites and deluxe balcony staterooms; $75 for balcony staterooms; $50 for ocean view and $25 for inside staterooms.

To book one of the only two "Nickelodeon All Access Cruises" in 2011, call a Freestyle Specialist at Cruising2Europe.com #1-800-738-8837.

About Nickelodeon

Nickelodeon, now in its 31st year, is the number-one entertainment brand for kids. It has built a diverse, global business by putting kids first in everything it does. The company includes television programming and production in the United States and around the world, plus consumer products, online, recreation, books, and feature films. Nickelodeon's U.S. television network is seen in more than 100 million households and has been the number-one-rated basic cable network for 16 consecutive years. For more information or artwork, visit http://www.nickpress.com. Nickelodeon and all related titles, characters and logos are trademarks of Viacom Inc. (NYSE: VIA, VIA.B).

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About Norwegian Cruise Line

Norwegian Cruise Line is the innovator in cruise travel with a 44-year history of breaking the boundaries of traditional cruising, most notably with the introduction of Freestyle Cruising which has revolutionized the industry by allowing guests more freedom and flexibility.

Today, Norwegian has 11 purpose-built Freestyle Cruising ships, providing guests the opportunity to enjoy a relaxed cruise vacation on some of the newest and most contemporary ships at sea.

Norwegian's largest and most innovative Freestyle Cruising ship, Norwegian Epic, debuted in June 2010. Norwegian Cruise Line is the official cruise line of Blue Man Group, debuting for the first time at sea on Norwegian Epic, as well as the official cruise line of Legends in Concert, Second City® Comedy Troupe, Howl at the Moon Dueling Pianos, Gibson Guitar, and Nickelodeon, the number-one entertainment brand for kids. Cirque Dreams" & Dinner is also featured on board Norwegian Epic as the first show of its kind at sea under a big top.

For further information on Norwegian Cruise Line, visit the Freestyle Specialists at Cruising2Europe.com #1-800-738-8837.

Posted by Denise at 08:05 AM | Comments (0)

August 22, 2010

Celebrity Cuises New Pre-Cruise Booking Opportunities

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Celebrity Cruises "massages" convenience and pampering into new pre-cruise spa, salon and personal fitness appointment booking tool. Latest pre-cruise offering represents another convenient way for cruisers to plan experience in advance and have more time to relax onboard

Miami - (August 18, 2010 ) - Celebrity Cruises is adding spa, salon and personal fitness appointments to its ever-growing line-up of onboard experiences available for pre-cruise booking. In today's fast-paced world, vacationers are looking to make the most of their time away from daily pressures, and Celebrity aims for this latest offering to present cruise guests with yet another way to make the most of their time onboard.

"One of the most valued elements of a Celebrity Cruises vacation is the outstanding service that we offer to our guests," said Lisa Lutoff-Perlo, Senior Vice President, Hotel Operations. "Even the process of planning for specific experiences such as spa and salon appointments reflects our commitment to service and our 'Designed for you' brand platform. Our guests tell us that the more they can arrange in advance, the less they have to think about once they step aboard our award-winning ships. We've designed our more than 100 AquaSpa, salon and fitness offerings to help our guests enjoy relaxation and renewal, from men's barber services to hot stone massages, from the Tri-Enzyme Resurfacing Facial to Brazilian Blowout Keratin treatments for hair, and more."

Celebrity's pre-cruise spa, salon and personal fitness appointment booking option joins a series of experiences available for guests to book online in advance of their cruise, including beverage packages, shore excursions, specialty dining reservations, and complimentary "Celebrity Select Dining" main dining room preferences.

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With the new pre-cruise spa, salon and personal fitness booking option, Celebrity aims to give its guests the peace of mind associated with knowing that their spa, salon, and personal fitness appointment times are secured. The option to pre-book these appointments online can help guests avoid disappointment after boarding by discovering that desired times are already taken by other guests. Among those who tend to seek specific appointment times are guests who regularly undergo acupuncture or treatments of elective injectables such as Botox, Restylane, Perlane and Dysport. With Celebrity's newest offering, guests can book these and other appointments in advance of their cruise, no longer having to worry about finding available times after they board the ship.

By mid-November, guests will be able to book spa, salon and personal fitness appointments prior to their cruise on six of the nine Celebrity ships that will offer this option. The first ship to offer this option is Celebrity Solstice, the flagship of the premium cruise line's stylish new Solstice Class ships. Guests sailing on Celebrity Solstice can currently book and pay for spa, salon and personal fitness appointments up to four days prior to their sailing date. Guests booked on voyages departing on August 21 or later on Celebrity's newest Solstice Class ship, Celebrity Eclipse, can also book these appointments. On August 26, guests sailing on Celebrity Equinox's voyages of September 9 or later can book these appointments. The rollout will continue through 2011, when Celebrity Cruises will launch its fourth Solstice Class vessel, Celebrity Silhouette. A complete list of dates is available at AquaSpa Page.

Guests can access the ordering system via Celebrity Cruises' website, in the "Before Your Cruise" section. Celebrity's electronic pre-cruise documents provide links that facilitate the pre-cruise booking of all of Celebrity's pre-cruise booking offerings, including beverage packages, shore excursions, specialty dining reservations, and complimentary "Celebrity Select Dining" main dining room preferences. Guests also can book spa, salon and fitness services once onboard. Guests seeking to amplify special occasions such as birthdays or anniversaries by lining up experiences such as a day of pampering leading up to a romantic dinner in a specialty restaurant, also can consult with Celebrity's onboard personal concierges to book spa, salon and fitness services.

The pre-cruise spa, salon and fitness appointment booking option is available to all guests 18 years of age and older, worldwide. Modifications and cancellations can be made online anytime up to four days prior to sailing or onboard at least 24 hours prior to the appointment. Certain terms and conditions apply.

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Guests sailing on Celebrity Xpedition, the 92-guest mega-yacht sailing year-round in the Galapagos Islands, can book massage treatments after boarding the ship. Pre-cruise booking of this service is not available.

Celebrity Cruises is designed for discerning cruisers, with modern, sophisticated environments, impeccable service, enriching and inspiring onboard programs, and world-class cuisine. The ultimate in premium cruising, Celebrity sails in Alaska, California, Canada/New England, Europe, the Pacific Coast, Panama Canal, South America, and year-round in the Caribbean and the Galapagos Islands. Celebrity also offers immersive cruisetour experiences in Alaska, Canada, Europe and South America. Celebrity's mega-series of honors include being named the top mega-ship line in Conde Nast Traveler's annual Readers' Choice Awards (November 2009). Celebrity's fleet currently consists of 10 ships. Its $3.7-billion investment in building five stylish Solstice Class ships between 2008-2012 represents the largest five-year investment in premium cruising. For more information, call a Celebrity Five-Star Specialist at Cruising2Alaska.com #1-800-738-8837.

Posted by Denise at 11:39 AM | Comments (0)

August 19, 2010

New Pacific Coast Voyages Added to Crystal Spring Calendar

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LOS ANGELES, August 11, 2010 - Luxury specialist Crystal Cruises announces two brand new seven-day getaways exploring the Pacific Coast for April 2011. Sailing between Los Angeles and Vancouver aboard the award-winning Crystal Symphony, the northbound and southbound 'Pacific Escape" and "Coastal Exploration" itineraries visit Santa Barbara and San Francisco, California; Seattle, Washington; Astoria, Oregon; and Victoria, British Columbia.

"Crystal's Pacific Coast cruises showcase a stunning and remarkably diverse blend of iconic West Coast highlights, from the California beaches and the Golden Gate Bridge to the plush forests of Oregon and British Columbia," says Bill Smith, senior vice president, sales & marketing. "The itineraries offer our guests new destinations, the opportunity to sail with the World's Best at an incredible value and great convenience for North American travelers. Even international guests can enjoy this sampler of some of the most beautiful places in the western U.S. and Canada."

Departing on April 10 and 17, the new voyages replace two Mexican Riviera itineraries. "The beauty of a floating resort is that you can move your hotel to other destinations when there is demand. We are keeping several fall 2010 itineraries through the Mexican Riviera, in addition to others in spring and fall 2011; the West Coast and Northwest itineraries add dimension and scope to the worldwide destinations we're offering in 2011," says Smith.

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Promotional Two-for-One cruise fares start at $2,695 per person, and include $500 per person, 'All Inclusive - As You Wish' shipboard spending credits. For bookings by September 30, 2010, guests also enjoy complimentary air transportation from more than 20 North American gateway cities.

Also new in 2011 is Open Dining by Reservation evening dining that adds more choices, convenience and flexibility - or Perfect Choice - to the line's acclaimed classic main and late dinner seatings. The Crystal Experience is distinguished by unparalleled service, abundant space, extensive choices and superior quality - at an exceptional value. Celebrating 15 and 16 years as "World's Best" in its category by the readers of Travel + Leisure and Conde Nast Traveler, respectively, among many other coveted hospitality awards, Crystal has been recognized as #1 more than another cruise line, hotel or resort in history.

For more information and Crystal reservations please contact a Crystal Specialist at Cruising2Alaska.com #1-800-738-8837.

Posted by Denise at 01:18 PM | Comments (0)

August 17, 2010

PAUL GAUGUIN CRUISES APPOINTS DIANE MOORE AS EXECUTIVE VICE PRESIDENT

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BELLEVUE, WA - August 11, 2010 ? Paul Gauguin Cruises, operator of the highest rated and longest continually-sailing luxury cruise ship in the South Pacific, the m/s Paul Gauguin, proudly appoints Diane Moore to its management team as Executive Vice President at the company's Bellevue office.

A seasoned veteran of the cruise industry, Moore joins Paul Gauguin Cruises with 36 years of cruise experience. Moore began her career as a member of Royal Cruise Line, then run by her father, Richard Reynes. Here Moore served as Senior Vice President of Passenger Services, until she left the company in 1996 to join forces with Holland America Line as Vice President of Passenger Programs. During her time with Holland America Line, Moore immersed herself in client and passenger relations, assisting with reservations, air and sea bookings, inventory, hotel programs, and documentation. She spent four years handling the guest services for Holland America Line, before joining Crystal Cruises in Los Angeles as Senior Vice President of Guest Services. She shared her expertise with Crystal Cruises for four years before joining Virtuoso as Executive Vice President of Supplier Relations, where she was in charge of negotiating agreements with all the suppliers in the network.

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In 2005, Moore joined Windstar Cruises as Vice President of Sales & Marketing, and continued to further her experience in the cruise industry for the past five years as President of the cruise company. Joining Paul Gauguin Cruises is a natural shift for Moore, as she is able to expand upon her extensive knowledge and experience of the cruise industry and help lead the company in its second year under the Pacific Beachcomber umbrella.

"We are delighted to welcome Diane Moore to this leadership position on the Paul Gauguin team. She brings a wealth of experience and joins the group of highly skilled and energetic individuals who comprise Paul Gauguin Cruises," comments Richard Bailey, President of Pacific Beachcomber, S.C.

Moore was born in Chicago, Illinois, and received her Bachelor Degree in Psychology from Purdue University.

About Paul Gauguin Cruises
Owned by Pacific Beachcomber S.C., the leader in French Polynesia luxury destination resorts, Paul Gauguin Cruises operates the award-winning luxury cruise ship m/s Paul Gauguin, providing a luxury cruise experience tailored to the unparalleled wonders of Tahiti, French Polynesia and the South Pacific. The m/s Paul Gauguin was built at the Chantiers de l'Atlantique shipyard in Saint Nazaire, France. The ship is 513 feet long, 71 feet wide and has a draft of 16.9 feet. The ship can accommodate 332 guests with a staff of 215 and is one of the top Exclusive Charter and Incentive Group venues in the industry. The m/s Paul Gauguin has undergone more than $25 million in enhancements since its inaugural sail in 1998. Since 1998, the m/s Paul Gauguin has completed more than 500 South Pacific cruises and served more than 140,000 guests, including more than 12,000 honeymooners.

For additional information on Paul Gauguin Cruises, please contact a Tahiti Tiare Agent at Cruising2Tahiti.com #1-800-738-8837.

Posted by Denise at 04:49 AM | Comments (0)

August 16, 2010

Princess Cruises Passengers to be Among First to View New FOX Television Shows

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Ships to Host Preview Viewings of "Lone Star" and Raising Hope" Ahead of Upcoming TV Season

SANTA CLARITA, Calif. (August 11, 2010) -- In an industry first, Princess Cruises and FOX Television have joined together this summer to premiere two of FOX's fall primetime shows across the line's 17-vessel fleet. Throughout August, passengers on Princess ships will be among the first to view the new programs, "Lone Star" and "Raising Hope" -- the only primetime network television shows to premiere at sea prior to their network debut in September.

Passengers can view the pilot episodes of both shows at special screenings on the ships' Movies Under the Stars poolside screens or in the Princess Theater, and can later also watch the shows on their stateroom televisions. Passengers attending the screenings will also receive a FOX tote bag to use throughout their cruise. In addition, two lucky passengers at each screening will have the chance to win a large tote bag full of FOX items.

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"These screenings are an exciting first for us, and we're pleased to partner with FOX to host the first TV & screening room' at sea," said Jan Swartz, Princess Cruises executive vice president. "No cruise line has ever offered the opportunity to see primetime premieres a month before they're broadcast at home."

"Princess Cruises is one of the most popular travel and leisure brands in the world, so we're thrilled to give their passengers a first look at our new fall shows this summer," said Laurel Bernard, Senior Vice President of Marketing, Fox Broadcasting Company. "Our provocative new drama;Lone Star' and the hilarious fun of;Raising Hope' offer Princess Cruises vacationers the ultimate TV getaway."

The two shows premiering onboard are:

LONE STAR premieres Monday, Sept. 20 (9:00-10:00 PM ET/PT) on FOX. The series centers on a charismatic and brilliant schemer -- Robert Allen (newcomer James Wolk) -- who has meticulously constructed two lives in two different parts of Texas. In Houston, he's a devoted husband charming his ultra-wealthy in-laws to cement his position in the rich family business he aims to clean out. More than 400 miles away in the suburban west Texas town of Midland, he lives a second life with his sweet, naive girlfriend, playing the perfect boyfriend while secretly bilking local investors of their savings.

As he tries to hold his two lives together, while fending off angry investors and the growing suspicions of those around him, Robert puts it all on the line hoping he can beat the odds, leave the schemes behind and keep two separate relationships afloat.

LONE STAR is a production of 20th Century Fox Television, Depth of Field Productions and Keyser/Lippman Productions. The series stars James Wolk, Adrianne Palicki, Eloise Mumford, Bryce Johnson, Mark Deklin, David Keith and Jon Voight, and is written and executive-produced by Kyle Killen. Chris Keyser, Amy Lippman, Kerry Kohansky, Paul Weitz and Peter Horton also serve as executive producers. Marc Webb directed the pilot.

RAISING HOPE premieres Tuesday, Sept. 21 (9:00-9:30 PM ET/PT) on FOX. The half-hour comedy follows the Chance family as they find themselves adding an unexpected new member into their household. At 23 years old, Jimmy Chance (Lucas Neff) is going nowhere in life. He skims pools for a living, parties every night and still lives at home with his family.

Jimmy's life takes a drastic turn after a chance romantic encounter with a wanted felon. Months later, Jimmy learns his one-night stand is pregnant with their baby, and after she gives birth, he is charged with raising their daughter.

RAISING HOPE is produced by Amigos de Garcia Productions in association with 20th Century Fox Television. The series stars Lucas Neff, Garret Dillahunt, Martha Plimpton and Shannon Woodward, and guest-stars Cloris Leachman. The pilot was written by Greg Garcia and directed by Michael Fresco. Garcia serves as executive producer on the series.

Additional information about Princess Cruises is available through a Princess Expert at Cruising2Europe.com #1-800-738-8837.

Posted by Denise at 03:40 AM | Comments (0)

August 06, 2010

Norwegian Cruise Line Reports Results For Second Quarter 2010

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Company posts eighth consecutive quarter of year-over-year EBITDA growth; 12.6% improvement in EBITDA over prior year; Net Yield increases 6.6% over prior year

Miami - Jul 26, 2010 - Norwegian Cruise Line (NCL Corporation Ltd., "Norwegian" or "the Company") today reported results for the second quarter ended June 30, 2010.

EBITDA for the second quarter of 2010 improved 12.6% to $94.7 million versus $84.2 million for the same period in 2009 (a 12.1% increase on an adjusted basis, to $95.7 million from $85.4 million). An improvement in Net Yield of 6.6% in the quarter resulted in Net Revenue increasing to $364.7 million from $353.9 million despite a 3.3% decrease in Capacity Days in the quarter due to the departure of Norwegian Majesty from the fleet in October 2009. The increase in Net Yield came from both improved passenger ticket pricing and increased onboard revenue per Capacity Day. Occupancy Percentage for the quarter was 109.2%. Net loss for the quarter was $14.9 million on revenue of $477.9 million compared to net income of $15.4 million on revenue of $478.4 million in 2009. The net loss in 2010 included a non-recurring charge of $33.1 million related to foreign exchange contracts associated with the financing of Norwegian Epic. Excluding this non-recurring charge, net income for the period was $18.2 million.

Net Cruise Cost for the second quarter was essentially flat year over year. On a per Capacity Day basis, Net Cruise Cost increased 3.5% primarily due to higher average fuel costs in the period and fewer capacity days as a result of the departure of Norwegian Majesty. Average fuel cost per metric ton in the period climbed to $508 in 2010 from $356 in 2009. Net Cruise Cost Excluding Fuel per Capacity Day decreased 2.3%.

"The results for the quarter demonstrate that we are continuing to build momentum," said Kevin Sheehan, chief executive officer of Norwegian Cruise Line. "Our improved results over last year were achieved while absorbing a 43% increase in the price of fuel," said Sheehan.

Interest expense, net of capitalized interest, increased to $37.0 million in the quarter compared to $26.6 million in 2009 due to higher average interest rates in the period. Other expense increased to $33.8 million in 2010 versus $4.3 million in 2009 primarily due to the aforementioned loss on foreign exchange contracts.

Updates and Outlook
Last month the Company took delivery of Norwegian Epic, its largest, most innovative Freestyle Cruising vessel to date. With 21 dining options, an equal number of bars and lounges, and an entertainment lineup which includes venues housing world-renown acts such as Blue Man Group and Legends in Concert in the Epic Theater, Cirque Dreams and Dinner in the Spiegel Tent, The Second City Comedy Troupe and Howl at the Moon at Headliners and Nickelodeon at Sea entertainment throughout the ship, Norwegian Epic has brought the Company's Freestyle Cruising offering to a new level. "The depth and breadth of choices and activities on board Norwegian Epic is unparalleled in the industry," said Sheehan.

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After inaugural events in Rotterdam and Southampton, Norwegian Epic took guests on a maiden transatlantic voyage to New York City, where she became the largest vessel ever to dock in Manhattan. In a spectacular ceremony, Norwegian Epic was formally christened by her Godmother, country music icon and Freestyle Cruising fan Reba McEntire. After a successful two-night christening voyage, Norwegian Epic returned to Manhattan to serve as the host site for NBC's top-rated broadcast of the Macy's Fourth of July Fireworks Spectacular on the Hudson River. Added Sheehan, "We could not have asked for a better way to introduce Norwegian Epic to the world. From the delighted looks on guests' faces and the tremendous positive feedback we've received from those who sailed on her, we know that all the hard work and dedication by all of Norwegian's team members has created something truly special." Regarding her bookings, Sheehan commented, "Norwegian Epic has been booking extremely well, setting records week after week since her introduction in Europe and subsequent inaugural events in New York and Miami." Norwegian Epic is currently sailing alternating 7-day Eastern and Western Caribbean itineraries on Saturdays from the Port of Miami through April 2011, when she will then reposition to start her summer Mediterranean season out of Barcelona.

The second half of 2010 is showing solid improvements in pricing from 2009 levels with load factors consistent with prior year. Unlike this same time last year, the Company has been successful at holding price while balancing load factor. The booking curve continues to be healthy, but has narrowed from the highest levels achieved in the first quarter of 2010.

Terminology and Non-GAAP Financial Measures
Berths. Double occupancy per cabin even though many cabins can accommodate three or more passengers.

Capacity Days. Berths multiplied by the number of cruise days for the period.

EBITDA. Earnings before interest, other income (expense) including taxes, impairment loss, and depreciation and amortization.

Gross Cruise Cost. The sum of total cruise operating expense and marketing, general and administrative expense.

Gross Yield. Total revenue per Capacity Day.

Net Cruise Cost. Gross Cruise Cost less commissions, transportation and other expense and onboard and other expense.

Net Cruise Cost Excluding Fuel. Net Cruise Cost less fuel expense.

Net Per Diem. Net Revenue per Passenger Cruise Day.

Net Revenue. Total revenue less commissions, transportation and other expense and onboard and other expense.

Net Yield. Net Revenue per Capacity Day.

Occupancy Percentage or Load Factor. The ratio of Passenger Cruise Days to Capacity Days. A percentage in excess of 100% indicates that three or more passengers occupied some cabins.

Passenger Cruise Days. The number of passengers carried for the period, multiplied by the number of days in their respective cruises.

Non-GAAP Information

To supplement the Company's consolidated financial statements presented in accordance with accounting principles generally accepted in the U.S., the Company also provides certain non-GAAP financial measures, including EBITDA, Net Revenue, Net Yield, and Net Cruise Cost.

We define EBITDA as earnings before interest, other income (expense) including taxes, impairment loss, and depreciation and amortization and is used by management to measure operating performance of the business. Management believes EBITDA, when considered along with other performance measures, is a useful measure as it reflects certain operating drivers of the Company's business, such as sales growth, operating costs, marketing, general and administrative expense and other operating income and expense. EBITDA is also one of the measures used by the Company to calculate incentive compensation for management-level employees. This non-GAAP financial measure has certain material limitations, including: .

-it does not include net interest expense. As the Company has borrowed money for general corporate purposes, interest expense is a necessary element of its costs and ability to generate profits and cash flows; and

-it does not include depreciation and amortization expense. As the Company uses capital assets, depreciation and amortization are necessary elements of its costs and ability to generate profits and cash flows.

Management compensates for these limitations by using EBITDA as only one of several measures for evaluating the Company's business performance. In addition, capital expenditures, which impact depreciation and amortization, interest expense and income tax expense, are reviewed separately by management. Management believes EBITDA can provide a more complete understanding of the underlying operating results and trends and an enhanced overall understanding of the Company's financial performance and prospects for the future. EBITDA is not intended to be a measure of liquidity or cash flows from operations or measures comparable to net income as it does not take into account certain requirements such as capital expenditures and related depreciation, principal and interest payments and tax payments.

We define Adjusted EBITDA as EBITDA with supplemental adjustments. Each adjustment and the reasons we consider them appropriate for supplemental analysis should be evaluated. In evaluating Adjusted EBITDA, be aware that in the future we may incur expenses similar to the adjustments in this presentation. Our presentation of Adjusted EBITDA should not be construed as an inference that our future results will be unaffected by unusual or non-recurring items. Adjusted EBITDA is not intended to be a measure of liquidity or cash flows from operations or measures comparable to net income as it does not take into account certain requirements such as capital expenditures and related depreciation, principal and interest payments and tax payments, and it is subject to certain additional adjustments. Our use of Adjusted EBITDA may not be comparable to other companies within our industry.

We use certain non-GAAP financial measures, such as Net Revenue, Net Yield and Net Cruise Cost to enable us to analyze our performance. We utilize Net Revenue and Net Yield to manage our business on a day-to-day basis and believe that they are the most relevant measures of our revenue performance because they reflect the revenue earned by us net of significant variable costs and are commonly used in the cruise industry to measure revenue performance. In measuring our ability to control costs in a manner that positively impacts net income, we believe changes in Net Cruise Cost and Net Cruise Cost Excluding Fuel to be the most relevant indicators of our performance and are commonly used in the cruise industry as a measurement of costs. Accordingly, we do not believe that reconciling information for such projected figures would be meaningful. Our use of non-GAAP financial measures may not be comparable to other companies within our industry.

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About Norwegian Cruise Line
Norwegian Cruise Line is the innovator in cruise travel with a 44-year history of breaking the boundaries of traditional cruising, most notably with the introduction of Freestyle Cruising which has revolutionized the industry by allowing guests more freedom and flexibility.

Today, Norwegian has 11 purpose-built Freestyle Cruising ships, providing guests the opportunity to enjoy a relaxed cruise vacation on some of the newest and most contemporary ships at sea.

Norwegian's largest and most innovative Freestyle Cruising ship, Norwegian Epic, debuted in June 2010. Norwegian Cruise Line is the official cruise line of Blue Man Group, debuting for the first time at sea on Norwegian Epic, as well as the official cruise line of Legends in Concert, Second City Comedy Troupe, Howl at the Moon Dueling Pianos, Gibson Guitar, and Nickelodeon, the number-one entertainment brand for kids. Cirque Dreams" & Dinner is also featured on board Norwegian Epic as the first show of its kind at sea under a big top.

Forward-Looking Statements
This release may contain statements, estimates or projections that constitute "forward-looking statements" as defined under U.S. federal securities laws including the statements made under the "Outlook" section of this release. Generally, the words "expect," "anticipate," "goal," "project," "plan," "believe," "seek," "will," "may," "forecast," "estimate," "intend," "future," and similar expressions are intended to identify forward-looking statements, which are not historical in nature. Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. Risks that could cause actual results to differ materially from those indicated by such forward-looking statements include, but are not limited to, the adverse impact of the worldwide economic downturn and related factors such as high levels of unemployment and underemployment, fuel price increases, declines in the securities and real estate markets, and perceptions of these conditions that decrease the level of disposable income of consumers or consumer confidence; changes in cruise capacity, as well as capacity changes in the overall vacation industry; intense competition from other cruise companies as well as non-cruise vacation alternatives which may affect our ability to compete effectively; our substantial leverage, including the inability to generate the necessary amount of cash to service our existing debt, repay our credit facilities if payment is accelerated and the incurrence of substantial indebtedness in the future; the continued availability under our credit facilities and compliance with our covenants; our ability to incur significantly more debt despite our substantial indebtedness; our ability to generate sufficient cash flow from operations or draw on our credit facilities may be limited and not in an amount sufficient to fund our liquidity needs; the impact of volatility and disruptions in the global credit and financial markets which may adversely affect our ability to borrow and could increase our counterparty credit risks, including those under our credit facilities, derivative instruments, contingent obligations, insurance contracts and new ship progress payment guarantees; adverse events impacting the security of travel that may affect consumer demand for cruises such as terrorist acts, acts of piracy, armed conflict and other international events; the impact of any future changes relating to how travel agents sell and market our cruises; the impact of any future increases in the price of, or major changes or reduction in, commercial airline services; changes in fuel prices or other cruise operating expenses; the risks associated with operating internationally; the impact of the spread of contagious diseases; changes in general economic, business and geo-political conditions; accidents causing damage to ships and other accidents/incidents affecting the health, safety, security and vacation satisfaction of passengers and causing damage to ships, which could cause the modification of itineraries or cancellation of a cruise or series of cruises; our ability to attract and retain qualified shipboard crew, maintain good relations with employee unions and maintain or renegotiate our collective bargaining agreements on favorable terms; the continued availability of attractive port destinations; the loss of key personnel or our ability to recruit or retain qualified personnel; the control by certain of our shareholders whose interest may not be aligned with ours; the impact of problems encountered at shipyards, as well as, any potential claim, impairment loss, cancellation or breach of contract in connection with our contracts with shipyards; future changes in the applicable tax laws; changes involving the environmental, health, safety, security and other regulatory regimes in which we operate; general industry trends, including the introduction of competing itineraries and other products by other companies; the ability to obtain financing and/or insurance coverage on terms that are favorable or consistent with our expectations; the lack of acceptance of new itineraries, products or services by our targeted customers; our ability to implement brand strategies and our shipbuilding programs, and to continue to expand our brands and business worldwide; the costs of new initiatives and our ability to achieve expected cost savings from our new initiatives; changes in interest rates, fuel costs, or foreign currency rates; increases in our future fuel expenses related to implementing recently proposed IMO regulations, which require the use of higher priced low sulfur fuels in certain cruising areas; the delivery schedules and estimated costs of new ships on terms that are favorable or consistent with our expectations; changes in other operating costs such as crew, insurance and security; the impact of pending or threatened litigation and investigations; the impact of changes in our credit ratings; the possibility of environmental liabilities and other damage that is not covered by insurance or that exceeds our insurance coverage; our ability to attain and maintain any price increases for our products; the impact of delays, costs and other factors resulting from emergency ship repairs as well as scheduled maintenance, repairs and refurbishment of our ships; the implementation of regulations in the U.S. requiring U.S. citizens to obtain passports for travel to additional foreign destinations; the impact of weather and natural disasters; and other risks discussed in the Company's filings with the Securities and Exchange Commission. You should not place undue reliance on forward-looking statements as a prediction of actual results. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in expectations or events, conditions or circumstances on which any such statements are based. In addition, certain financial measures in this release constitute non-GAAP financial measures as defined by Regulation G. A reconciliation of these items can be found attached hereto and on the Company's web site at www.ncl.com/investors.

Posted by Denise at 04:10 AM | Comments (0)