ncl future cruise credit transfer

The top-voted question we received this quarter was, what are the three main action points the company will take to ensure growth in the year ahead? What if I booked my cruise with a travel agent and received a Future Cruise Credit? By proceeding, you agree to Cruise Critics. Unless otherwise noted, my commentary on net per diem, net yield, and adjusted net cruise cost, excluding fuel per capacity day metrics, is on a constant currency basis. Transfers And have you seen any impact to export credit rates given the broader credit crunch? that was extended to January 2025, we will address that -- start addressing that later this year. Go to the "My Account" section of MyNCL, and you'll see your available FCCs in the My Coupons & Credits section. 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. * Peace of mind is only applicable to bookings that have payment applied as per terms and conditions. However, they will be brought back to service soon. and reflecting lower than expected costs in the first quarter. Whats the difference between my Future Cruise Credit, a future cruise program and onboard credit? This call includes forward-looking statements that involve risks and uncertainties that could cause our actual results to differ materially from such statements. Partial value transfers or transfers of remaining FCC balance are not permitted. If You Do This, You Won't Have to Worry About Them, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Copyright, Trademark and Patent Information. [Operator instructions] As a reminder to all participants, this conference is being recorded. Which guests on the bookings receive the Future Cruise Credit? Norwegian Cruise Line sends out a letter about its Future Cruise Credits being extended to December 31, 2022, to provide a further chance to rebook. 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. Thank you, Frank. Our next question is from Stephen Grambling with Morgan Stanley. Simply put, for new and existing bookings made by January 31, 2022, for any voyage with an embarkation date through and including May 31, 2022, guests were free to cancel up to and including January 31, 2022 with Norwegian's Peace of Mind. But, Frank, you took me under your wings early in my career, and it taught me so much over the last three decades. Future Cruise Credits (FCCs) So, I just want to point out that that's not necessarily a change from last quarter. FCCs from either suspended sailings or Peace of Mind cant be converted into another currency. The first ship to return to service will be Norwegian Pearl, sailing from the stunning new cruise terminal in PortMiami, from February 7. Take note of the fine print, and when in doubt, call your cruise line to clarify important things like expiration date or any blackout dates. So, while there's always a, you know, both sides of the coin, overall, the economics on going to those itineraries obviously favors the company, or we would not be doing that. Pre-booked and pre-paid shore excursions This is applicable to Peace of Mind and suspended sailings FCCs, including 25% and 50% credit FCCs issued for suspended sailings. How long is my Future Cruise Credit valid for? Transfer cruise credits - Norwegian Cruise Line - Cruise Critic Community With Harry Sommer at the helm, I leave this company in the most capable of hands. Are any costs refunded instead of being included in the FCC? Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Is there anything the Peace of Mind FCC cannot be used for? I want to stress that we recognize and acknowledge while this is a great start, we still have more work to do. So, first and foremost, there is no change. This insurance Future Cruise Credit will be valid for one year from date of issuance and only applicable towards insurance for all published sailings through Dec 31, 2022 (There is an additional Free at Sea Package charge per person based on the booking) Yes. Hindi Future Cruise Credit Expiration Dates: Do I Need to Worry? Give specific details . Future Cruise Credits acquired because of suspended sailings are brand-specific and can only be redeemed on the brand where the cancellation occurred. So, I would actually rephrase that as financial benefits. May 01, 2023, 10:00 a.m. Before getting to the crux of the call, I want to take a moment to thank all of Norwegian's team members around the globe, shipboard, and shore side, who are the backbone of this company and who are the main driver of its success. To what reservations does the Peace of Mind policy apply? Hotel purchased through Norwegian Cruise Line The original, full value FCC can be applied and used for the following: The FCC cannot be applied or used for the following: Final Payment and cancellation schedule for all voyages embarking May 1, 2022 forward will remain at our standard policy. What happens if the cruise I want to use my Future Cruise Credit against is cheaper than the value of my Future Cruise Credit? This is Mark. Check your Regent Seven Seas Cruises here. What is even more exciting is that this is just the first of three newbuilds that we have in the pipeline this year, with Norwegian Viva and Regent Seven Seas' Grandeur joining the fleet later this year. What happens if the cruise I am looking to book has a greater value than my Future Cruise Credit? 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. A reconciliation to the most directly comparable GAAP financial measure and other associated disclosures are contained in our earnings release and presentation. A Future Cruise Credit (FCC) is essentially a voucher for future travel. And whether or not we refinance that on a more holistic approach or we do another amend and extend, obviously, we'll look at what the markets are doing, what the environment looks like, but we'll do the most, obviously, the most economically feasible option out there. I won a bid on the Norwegian Upgrade Advantage. Use your FCCs as payment first. As a result, growth is in line with our expectations, with net per diem increasing approximately 5.5% to 6.25%, and net yield expected to increase approximately 2.5% to 3.25%. Indonesia This allowed cruise lines to retain cash -- at 25% interest -- at a time when ships weren't bringing in revenue. Get advice from Norwegian Cruise Line Future Cruise Credit experts & extra bonuses. A good way to be sure to redeem the full amount is to consider a cabin upgrade, book an ocean view instead of an inside cabin or treat yourself to a balcony instead of an ocean view stateroom. The 1 thing savvy cruisers do to save more on their next cruise I hope you take up some golf now. Is SoFi Stock a Buy Now? Yeah, you know, Brandt, I think you've hit it right. The Future Cruise Credit may be used for sailings that embark on or before December 31, 2022. Cruise Hive was established back in 2008 and among the earliest blogs in the industry. 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. Will out of pocket costs (including items such as individually purchased air) incurred as a result of this cancellation be reimbursed? Good morning, Dan. Since the start, it's been our aim to provide the latest cruise news covering all the major cruise lines. Future Cruise Credit Expiration Dates: Do I Need to Worry? ALL RIGHTS RESERVED. Please proceed with your question. And what's unique about that in the third and fourth quarter, obviously, we're taking -- we have a higher -- we have the higher operating cost brands of Oceania and Regent. Can I use my Future Cruise Credit to prepay gratuities? With this significant achievement, we have also nearly closed the occupancy gap versus 2019 levels. This may mean different protocols from ship to ship based on local requirements. The full cancellation and final payment schedule can be viewed here. Thank you. Before I dive into the financial results and outlook, I want to also thank Frank for all that he has done to propel this company forward, as well as his outstanding leadership. Scam or Deal: Will That Cruise Sale Really Save You Money? 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. NORWEGIAN CRUISE LINE Norwegian Cruise Line has a unique CruiseFirst program that allows anyone to put down an open deposit for a future cruise right from the website, even if you haven't ever cruised with the line.

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