cruise line companies

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Largest Cruise Shipping Companies

See here the complete list of the world's largest cruise companies (passenger shipping corporations), associations and organizations. Corporate cruise line ownership - who are the owners of all cruise brands. As this is a very long survey, for your convenience next links jump down directly to largest cruise corporations (shipowners) , list of ALL cruise lines , RIVER travel brands and NEW brands .

According to official cruise industry statistics, the world's 4 largest cruise companies slowly conquered the market. Their combined market share was projected to grow over the forecast period 2015-2021 from 83,2% to 87,6%. World's largest (by combined fleet's passenger capacity/stats 2020-Q4) are Carnival Corporation (39%), RCG-Royal Caribbean Group (24$), MSC (11,5%), NCLH-Norwegian (8,3%). All other companies had combined market share (2020-Q4) 17,2%.

For the ones that are no more, see CruiseMapper's list of DEFUNCT companies .

What is a cruise line?

Cruise company's business is leisure travel, cruise tours, and entertainment. Most brands have unique activities and signature amenities offered exclusively onboard their vessels. Many activities and land tours are additionally (optionally) offered in ports of call along the ship's itinerary route.

Cruise ship companies typically hire two separate types of staff: crew (commanded by the Captain) and service staff (hotel and dining operations) supervised by Hotel Manager.

The cruise line is a passenger shipping company operating privately-owned, parent-owned or chartered vessels. Cruise brands differ from ferry companies, which operate Ro-Ro ships and offer combined passenger and cargo shipping services on a limited number of routes and in just a few regions/destinations.

Most companies are well-established passenger shipping brands. Most were founded in the second half of the 20th century, and specifically for cruising. Some were founded over 100 years ago as cargo shipping lines. Failures and consolidations in the 1990s resulted in many subsidiary companies existing as "brands" within large corporations. Brands exist partly because of their repeat customer loyalty, also to offer different levels of quality and services. Corporative shipowners frequently sell, renovate or simply rename their vessels to keep up with the travel industry's trends.

All brands offer complimentary onboard live entertainment, leisure facilities, daily scheduled activities, enrichment program, youth programs, buffet dining.

Cruise lines classification

According to the quality and price of their product, brands are classified into 4 distinct types.

CHEAPEST brands (aka mass-market/mainstream) offer good product at affordable prices. Fares range from $50-300 (Inside-Suite) pp per day. Itineraries range from 3 to 10 days. Typical passengers are a mix of veterans and first-timers, many kids and couples in their 50s. Ships are large-sized (over 3000 passengers), providing large resort-like experience. Examples include Carnival, Royal Caribbean, NCL, MSC, Costa, Holland America, AIDA, TUI.

BUDGET brands fares range from $200-500 pp per day. Itineraries range from 3 to 17 days. Typical passengers are predominantly first-timers, singles, families, kids. Ships are smaller and older, usually serving regional markets. Examples include NCL Norwegian, Disney, Celebrity, Princess, Star Cruises, Marella, P&O, Pullmantur, Phoenix Reisen, Fred Olsen, Bahamas Paradise.

LUXURY brands are Viking OCEAN, Resorts World, Cunard, Oceania, Hapag-Lloyd, Ponant, Saga UK. Services are premium (including 24-hour highly personalized concierge), prices are affordable, and the boats are new (refurbished more often), but the product is not all-inclusive.

ALL-INCLUSIVE brands are Seabourn, Silversea, RSSC-Regent, Azamara, Crystal, Virgin Voyages, NYV-Norwegian Yacht Voyages, Four Seasons Yachts, Ritz-Carlton Yachts, SeaDream Yachts. Onboard product is the industry's best and includes 24-hour personal butler service, all beverages, specialty dining, Internet, shore excursions, gratuities, flights, transfers, sophisticated enrichment programs (world-class performers, professional lectures and classes, art auctions), fewer mega-ship seaports, more yachting destinations. Vessels are mid-sized (mega-yachts) with a capacity between 200-1000 passengers, industry's highest ratios (passenger-to-space and passenger-to-staff), usually without kids facilities (babysitting arranged with off-duty staff). Passengers are sophisticated, highly social, wealthy, adventurous. Itineraries are diverse and global. Most mega-yachts provide alternative private ship-charter deals to large corporations and the world's richest families. The smallest boats are yachts with capacity from 100 up to 300 passengers. Some accommodate up to 700-800 guests. Most luxury ships operate in Europe (Mediterranean), Asia, Oceania, Alaska, Galapagos Islands, Around South America, Around the World .

EXPEDITION TRAVEL brands operate nature-themed voyages to unusual destinations (Arctic, Antarctica, Galapagos, Indian Ocean islands, Alaska). Prices depend on itinerary (fares from $150-500+ pp per day. Itineraries range from 1-3 weeks. Passengers are older and more experienced. Ships are usually with ice-strengthened hull (also icebreakers), marina platform (watersports) and Zodiacs (large boats for landings). Examples include Windstar, Lindblad-National Geographic, Quark Expeditions, Uncruise Adventures, Star Clippers, Metropolitan Touring.

RIVER TRAVEL brands operate modern boats on inland waterways (lakes, rivers, and canals), mainly in Europe and USA-Canada, also in Russia, China, Egypt, Peruvian Amazon. Fares range from $250-450 pp per day. Itineraries are 1-2 weeks. Passengers are regular and loyal. Most boats accommodate between 90-200 passengers (over 300 on Russian ships). Shipboard amenities and services are of premium quality. The market's largest are Viking, Uniworld, CroisiEurope, AmaWaterways, Avalon Waterways, Scenic, Scylla, Luftner, American Cruise Lines, Russia ( Vodohod , Mosturflot , Infoflot , Doninturflot-Orthodox ).

Cruise Lines List

Small cruise lines list.

The following small ship cruise companies (and cruise ferry lines) are well-known brand names. Some of them operate locally, others operate expedition ships. Most companies are in the "small ship luxury cruise" business.

RIVER Cruise Lines List

River cruise lines provide as product a very "especially modern" style of travel cruising. It's the perfect combination of the world's best river cruise itineraries (in Europe, USA, Asia, Africa), tranquility and style, vessels with innovative design and top technology, highest standards of service, all-inclusive cruise deals prices - and much more.

NEW Cruise Lines (2021-2024)

World's largest cruise companies.

The biggest cruise companies - they all are very big, some are bigger big, one is the biggest. They all are very very very much rich!

(No 1) Carnival Corporation & plc (1972-founded American-Panamanian company) is the world's largest cruise shipowner, with 1/2 share of the market. The company is dual-listed (as Carnival Corp and Carnival plc), Southampton-headquartered, has a combined fleet of 100+ ships, 160,000+ berths, 10,000+ employees, ~75,000 crew, USD 38,9 billion in assets, USD 16,4B revenue (data 2016). Carnival owns the following brands (in brackets - the year of acquisition/establishment) - AIDA (2000), CCL-Carnival (1972), Costa (2000), Cunard (1998), HAL-Holland America (1989), Ibero (2007), P&O UK and P&O Australia (2003), Princess (2003), Seabourn (1992). Carnival's major stock-holder is the company founder's Arison family (47%).

(No 2) Royal Caribbean Group (RCG) - 1997-founded as an American-Norwegian cruise company. RCG is the 2nd largest cruise shipowner in the world, controls over 1/4 of the cruise market, with 58,000 employees, nearly USD 20 billion in assets, and almost USD 7B in revenue (data 2011). The combined fleet includes the brands Royal Caribbean International , Celebrity , Pullmantur (purchased 2006), CDF Croisieres de France (est 2008 / merged with Pullmantur in 2017). RCG also fully owns Air Pullmantur, and 50% of TUI Cruises (2009-founded joint venture with TUI AG).

(No 3) Mediterranean Shipping Company SA (MSC, founded in 1970, owned by the Aponte family) - the 2nd largest shipping line in the world (by container ship capacity), with more than 555 vessels of almost 2,2 million TEU (including 11 under construction - some of the world's largest container ships ever built, with capacity 15,000 TEU each). The MSC shipping line serves 270 ports worldwide, with over 29,000 employees.

(No 4) Norwegian Cruise Line Holdings Ltd (NCLH) ownership is 43,4% Genting Group, 32,5% Apollo Management and 10,8% TPG Capital (Texas Pacific Group, large private equity global investments firm). NCL controls ~8% of the global cruising market.

Genting Group (founded in 1964, headquartered in Kuala Lumpur, Malaysia). Genting is a leading Asian multinational company (developing, operating and marketing in Tourism, 1,800 ha Resorts World Genting, Gaming (casinos), Real Estates, 54,000 ha Plantations, Power Generation, Oil-Gas, e-commerce, over 58,000 employees, USD 5,1 billion revenue, USD 13,5B in assets). One of the most famous tourist features of Malaysia is the "Genting Highlands" resort, with a world-class casino and a theme park. Owns about 20% of Star Cruises (the world's 3rd largest operator).

Apollo Global Management LLC (founded in 1990 as Apollo Advisors). Apollo is one of the world's largest private investment companies (over USD 37 billion in assets, USD 16B in companies, headquartered in NYC). The firm specializes in private equity funds (buyout transactions, and purchasing distressed securities), and capital markets (with hedge funds and real estate funds, corporate restructuring, and consolidations).

The Walt Disney Company - founded in 1923, and nowadays the largest and richest media conglomerate in the world. Headquartered in Burbank CA, and owning 6 major divisions, 10 subsidiaries (almost 150,000 employees, USD 71 billion in assets, USD 38B revenue - data 2011). Amongst Disney's best-known (and priced) assets are the ABC media, the ESPN cable network, and the PIXAR Animation Studios, along with all the Disney Parks and Resorts worldwide.

P&O Princess Cruises PLC was a restructured company between 2000 and 2003. This company was the successor of "Peninsular & Oriental Steam Navigation Company" (P&O/1837-founded). P&O owned 6 line brands and 26 ships. The company merged into Carnival Corp in 2003.

NYK Line ("Nippon Yusen Kabushiki Kaisha", translated as "Japan Mail Shipping Line"), main headquarters Chiyoda (Tokyo) and regional in London, NYC, Singapore, Hong Kong, Shanghai, Sydney, Sao Paulo. Established in 1870, a core Mitsubishi company and currently the world's 10th largest cargo-container and shipping company. In the recent past, the majority of Japan's merchant fleet sailed under its flag (1900-1950). Entered the passenger cruise ship business with one of the most expensive cruise lines in the world - its newly-formed in 1989 subsidiary Crystal Cruise Lines. The NYK Line also operates the MS Asuka II (the ex MS Crystal Harmony), catering to the Japanese market exclusively. Financial data: revenue about USD 25 billion, about 55,000 employees worldwide, with 240 offices in 26 countries.

Largest cruise industry organizations

CLIA (Cruise Line International Association) - since December 17, 2012, this is a Global Trade Association (umbrella company) for 9 of the largest cruise industry associations:

• CLIA itself (world's largest, representing brands, operators, agents, port authorities, partners; engaged in training-marketing-research)
• ECC (European Cruise Council)
• ACA (Asia Cruise Association)
• PSA (Passenger Shipping Association)
• CLIA France (France, Association Francaise des Compagnies de Croisieres)
• ABREMAR (Brazil)
• NWCCA (Northwest and Canada Cruise Association)
• ACA (Alaska Cruise Association)
• ICCA (International Cruise Council Australasia)

ICOMIA (International Council of Marine Industry Associations) - ICOMIA is a global (marine industry) trade association with the majority of its members being national marine industries and manufacturers. The biggest (full members) are:

• IMCI (International Marine Certification Institute)
• CCYIA (China Cruise and Yacht Industry Association)
• FIN (French Nautical Industries Federation)
• DBSV (German Boat and Shipbuilders Association)
• JBIA (Japan Boating Industry Association)
• HISWA (Dutch Boating Industry Association)
• BMF (British Marine Federation)
• NMMA (National Marine)

Now the list of all the rest large organizations:

• ACE (Association of Cruise Experts / UK)
• LCA (Leading Cruise Agents / UK)
• AECO (Association of Arctic Expedition Cruise Operators)
• CSA (Caribbean Shipping Association)
• ECSA (European Community Shipowners Associations)
• FCCA (Florida-Caribbean Cruise Association), members list includes the brands AIDA, Azamara, Carnival, Celebrity, Costa, Cunard, Disney, Holland America, MSC, NCL Norwegian, P&O, Princess, Royal Caribbean, Seabourn, TUI.
• IG River Cruise (Europe)
• JOPA (Japan Oceangoing Passenger Ship Association)

This article is integrated with CruiseMapper's list of the world's largest shipbuilding companies .

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Cruise Line Rankings

U.S. News has made it easier to find the cruise that's right for you with our Best Cruise Lines rankings, which identify the best cruise lines for a variety of traveler types in a range of regions.

Best Cruise Lines for the Money

• # 1 Virgin Voyages
• # 2 Celebrity Cruises
• # 3 Princess Cruises

Best Cruise Lines for Families

• # 1 Disney Cruise Line
• # 2 Royal Caribbean International
• # 3 Carnival Cruise Line

Best Cruise Lines for Couples

• # 1 Viking Ocean Cruises
• # 2 Seabourn Cruise Line
• # 3 Regent Seven Seas Cruises

Best Cruise Lines in the Caribbean

• # 3 Virgin Voyages

Best Cruise Lines in the Mediterranean

• # 3 Celebrity Cruises

Best Luxury Cruise Lines

Cruising 101.

Cruise Packing List: 35 Essentials for Your 2023 Cruise

The 6 Best Cruise Insurance Plans for 2023

The 12 Best All-Inclusive Cruises for 2023 and 2024

16 Top Adults-Only Cruises for 2024

The 12 Best Mississippi River Cruises for 2023-2024

Rankings & reviews, cruise ships by region.

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Cruise Ships by Brand

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Alphabetical List of Cruise Lines

Cruise lines.

You may also browse by cruise line type .

• AmaWaterways
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U.S. News Announces the 2023 Best Cruise Lines

Virgin Voyages earns its first No. 1 ranking in the Best for the Money category.

U.S. News 2023 Best Cruise Lines

Washington, D.C. – U.S. News & World Report, publisher of Best Hotels , Best Vacations and Best Travel Rewards Programs , today released its annual rankings of the Best Cruise Lines .

The 2023 rankings highlight 17 cruise lines to help every type of traveler find the cruise that’s right for them. For the first time, Virgin Voyages takes the No. 1 spot in the Best Cruise Lines for the Money ranking, offering the best value among cruise lines. U.S. News considered the overall cruise line quality and average base fare per night, as well as extra benefits such as free gratuities, Wi-Fi access and all-inclusive package options. Carnival Cruise Line, known for its budget-friendly fares and frequent sales, and Celebrity Cruises, which offers a more upscale experience at reasonable rates, rank No. 2 and No. 3, respectively.

For the ninth consecutive year, Disney Cruise Line is the Best Cruise Line for Families . The family-oriented line offers ships with character meet-and-greets, themed dinners, nighttime fireworks, waterslides and more. Royal Caribbean International comes in at No. 2, thanks to its onboard amenities that cater to guests of all ages, while Carnival Cruise Line ranks No. 3, offering family-friendly perks like water parks, basketball courts and ropes courses on its ships.

"After more than two years of sailing restrictions and limited voyage options due to the coronavirus pandemic, cruisers and cruise lines are excited to be on the seas again,'' said Nicola Wood, senior travel editor at U.S. News. "The Best Cruise Lines rankings evaluate a variety of cruise types, making it easy for travelers to find the best options that fit their budgets, cruising styles and desired destinations."

U.S. News ranks cruise lines in six categories: Best Cruise Lines for the Money, Best Cruise Lines for Families, Best Cruise Lines for Couples, Best Cruise Lines in the Caribbean, Best Cruise Lines in the Mediterranean and Best Luxury Cruise Lines. The rankings follow a comprehensive, transparent methodology that factors in expert evaluations of ship quality, traveler ratings, health assessment results and more.

This year's rankings are accompanied by editorial roundups of the top gay cruises for 2023, the top cruise lines for solo travelers and the best cruise insurance ; each piece aims to provide helpful advice and planning information to a wide community of cruisers. U.S. News also offers additional cruise tips and recommendations, such as what to pack on a cruise , the top river cruise lines , fun adults-only cruises and more.

2023 Best Cruise Lines Rankings

See the full rankings here .

Best Cruise Lines for the Money 1. Virgin Voyages 2. Carnival Cruise Line 3. Celebrity Cruises

Best Cruise Lines for Families 1. Disney Cruise Line 2. Royal Caribbean International 3. Carnival Cruise Line

Best Cruise Lines for Couples 1. Viking Ocean Cruises 2. Seabourn Cruise Line 3. Azamara

Best Cruise Lines in the Caribbean 1. Disney Cruise Line 2. Virgin Voyages 3. Celebrity Cruises

Best Cruise Lines in the Mediterranean 1. Viking Ocean Cruises 2. Seabourn Cruise Line 3. Azamara

Best Luxury Cruise Lines 1. Viking Ocean Cruises 2. Seabourn Cruise Line 3. Regent Seven Seas Cruises

For more information on the Best Cruise Lines , explore Facebook , Twitter and Instagram using #BestCruises.

Media Contact: Michelle Day, [email protected] , 202-955-2212

About U.S. News & World Report U.S. News & World Report is the global leader in quality rankings that empower consumers, business leaders and policy officials to make better, more informed decisions about important issues affecting their lives and communities. A multifaceted digital media company with Education, Health, Money, Travel, Cars, News, Real Estate and 360 Reviews platforms, U.S. News provides rankings, independent reporting, data journalism, consumer advice and U.S. News Live events. More than 40 million people visit USNews.com each month for research and guidance. Founded in 1933, U.S. News is headquartered in Washington, D.C.

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Your Royal Caribbean loyalty status is about to get a lot more valuable

Royal Caribbean loyalists will soon be able to status match their way to perks with luxury line Silversea Cruises — and vice versa.

The same will be true for Celebrity Cruises loyalists.

Royal Caribbean Group, which owns all three brands, will announce Thursday that customers with loyalty program status at any one of the three lines will get equivalent status at the other two.

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For example, Diamond-level members of Royal Caribbean's Crown & Anchor Society loyalty program will now be able to get instant recognition in Silversea's Venetian Society loyalty program at the 250 Venetian Society Days milestone award level — even if they've never sailed with Silversea.

Similarly, Elite-level members of Celebrity's Captain's Club loyalty program will now be able to get recognition in the Silversea program at the 250 Venetian Society Days milestone award level without ever having sailed with the brand.

Royal Caribbean and Celebrity elite members at higher status levels will match into even higher tiers of the Silversea program.

"When that customer is making that decision on their next [cruise] experience, you want them to feel loyal to stay within your family of brands," Jason Liberty, Royal Caribbean Group CEO, said in an exclusive interview with TPG to discuss the new program.

Speaking by video from his Miami office, Liberty noted that the company's cruising customers sometimes shifted between cruise brands as their circumstances changed — when they entered a new stage of life with or without kids or grandkids, for instance. They also sometimes shifted between brands to experience a new destination that wasn't on their favored line's schedule, he said.

He suggested that in such cases, Royal Caribbean Group doesn't want them to choose cruise brands owned by other companies.

"We don't want a Royal Caribbean customer to find their way onto a competitor's ship. We would rather them find their way onto one of our ships," he said. "And loyalty, as you know, is one of the strongest ways to make sure that happens."

Instant status at 3 brands

The new program will make Royal Caribbean Group the only major cruise company to offer loyalty program status matching across all its wholly owned brands.

Until now, Royal Caribbean Group has offered status matching between the loyalty programs of its Royal Caribbean and Celebrity Cruises brands but not its Silversea brand.

The company also used to offer a status match with the loyalty program for Azamara Cruises , which it once owned.

The new program may have the greatest impact on Royal Caribbean and Celebrity regulars who want to give Silversea a try.

Diamond members in Royal Caribbean's program and Elite members in Celebrity's program who status match to the 250 Venetian Society Days level in the Silversea program will be immediately eligible for a 10% discount on Silversea cruises — a significant savings. They'll also get other perks with the brand that first-time Silversea cruisers wouldn't normally get.

Membership in Silversea's Venetian Society at the 250 Venetian Society Days level normally requires completing 250 days of sailing with the line — a high hurdle.

The new status match program also will mean that high-tier Silversea passengers who want to, say, try a suite product on a Royal Caribbean ship — maybe because they'll have kids or grandkids in tow — will be instantly eligible for all the high-status perks in the Royal Caribbean Crown & Anchor program.

Related: Don't miss these great perks when sailing with Royal Caribbean

Under the new status matching system, customers with loyalty in any of the three programs will be able to match to an equivalent status level in the other programs at five different tiers. The exact breakdown of status match levels will follow the chart below:

Among the fine print of the new Royal Caribbean Group status match program:

• It will begin with sailings departing June 5 or later.
• Customers must enroll in a program before receiving a status match.
• Customers already enrolled in multiple loyalty programs will be automatically matched across the brands within seven days.

No single loyalty program for now

The new status match program for all three wholly owned Royal Caribbean brands stops short of what some loyalty experts see as a logical next step for the company's loyalty program efforts: a single combined loyalty program for all three brands.

When TPG asked about this, Liberty suggested the company wanted to be sure it understood what loyal customers at its three brands wanted before making a more radical change. But he hinted more change might be coming.

"This is kind of step one. We want to tie these [programs] together," he said, calling the new status match program "basically kind of the beginning of a common loyalty platform."

Saying there was "more to come," Liberty added, "You'll see here over time that you're building status and other things across the family of brands."

When asked specifically about whether Royal Caribbean Group might shift to a single loyalty program similar to what Marriott offers with its massive Bonvoy program, which allows for earning and burning points across more than 30 hotel brands, Liberty suggested that might not be the right model.

"In some ways Marriott put Bonvoy in front of the brands," Liberty said, suggesting that stays at Marriott hotels had become all about earning points in the Bonvoy program and not the allures of the individual hotel brands and hotels. That's something Liberty suggested Royal Caribbean Group doesn't want to do.

He said the company wanted the individual brands in its portfolio to always be the focus for its customers and the "guest facing" part of the business, not the company's loyalty program.

"We don't have what I just typically describe as the earn-and-burn customer," Liberty noted. "Our customers actually appreciate more the recognition [from loyalty status]. Like, they want to go to the cocktail party for their tier. They want to have free dry cleaning. Those things are more important to them [than earning and burning] points."

Liberty noted that people don't cruise as often as they stay in hotels, so an "earn-and-burn" model for a cruise loyalty program that resembled the Marriott Bonvoy program didn't make as much sense.

"We get you one, two, three times a year. We don't get you one or two, three times a month, which you have [with] the earn-and-burn type players ... mainly hotels and airlines."

One thing Liberty did note is that there is more overlap between Royal Caribbean, Celebrity and Silversea customers than many people might think.

"From what we can see in our data, there's actually quite a bit of overlap between our suite guests [on Royal Caribbean] and our Silversea guests," he said.

He gave the example of well-heeled customers who booked top suites on Royal Caribbean's family-friendly ships, sometimes at a cost of tens of thousands of dollars a week, when traveling with their kids and grandkids. Those same customers might then switch to Silversea's high-end vessels when they wanted a more intimate or off-the-beaten-path escape to a place like Antarctica.

Liberty reiterated a catchphrase he's been using in recent conference calls with Wall Street analysts: Royal Caribbean Group wants to move its customers from experiencing "a vacation of a lifetime" with one of its brands to "a lifetime of vacations" at the company's three brands. The new status match program is a first step in that direction.

"I think we've been very intentional about having the right brand in the right segments," he said. "Now it's time to make sure that we're orbiting ourselves around the customer and meet them on the experience that they want to do and recognize them accordingly."

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Norwegian Cruise Line (NCLH) Up 3.1% Since Last Earnings Report: Can It Continue?

A month has gone by since the last earnings report for Norwegian Cruise Line (NCLH). Shares have added about 3.1% in that time frame, underperforming the S&P 500.

Will the recent positive trend continue leading up to its next earnings release, or is Norwegian Cruise Line due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.

Norwegian Cruise Q1 Earnings Beat, Bookings Rise Y/Y

Norwegian Cruise reported mixed first-quarter 2024 results, with earnings surpassing the Zacks Consensus Estimate and revenues missing the same. On the other hand, the top and the bottom lines increased on a year-over-year basis.

The quarterly results showcase robust demand for the company’s products and offerings, resulting in record bookings. This uptrend aided the company to continue its all-time high booked position and an unprecedented level of advance ticket sales through 2024. Also, its ongoing margin enhancement initiative drove continued improvement in operating costs, thus benefiting the bottom line. Owing to the improving trend, the company raised its adjusted EBITDA and adjusted earnings per share (EPS) outlook for 2024.

NCLH is also optimistic about its newbuild program, as it believes that enhancing its capacity and elevating the product portfolio will further drive its growth prospects in the upcoming period.

Earnings & Revenue Discussion

Norwegian Cruise reported an adjusted earnings per share of 16 cents, topping the Zacks Consensus Estimate of 12 cents by 33.3%. In the prior-year quarter, the company reported an adjusted loss per share of 30 cents.

Quarterly revenues of $2.19 billion missed the consensus mark of $2.24 billion by 2.2%. In the prior-year quarter, the company reported revenues of $1.82 billion.

Passenger ticket revenues were $1.46 billion compared with $1.21 billion reported in the prior-year quarter.

Onboard and other revenues increased to $731.4 million from $613.1 million reported in the prior-year quarter.

Expenses & Operating Results

Total cruise operating expenses increased 8.6% to $1.39 billion from the year-ago quarter’s levels. The company’s expenses in the quarter primarily stemmed from a rise in payroll, fuel, and commissions, transportation, onboard and other expenses.

During the first quarter, gross cruise costs per Capacity Day was $300, up from $298 reported a year ago. Adjusted net cruise costs (excluding fuel) per Capacity Day amounted to about $165 (or $164 in cc), reflecting flat year-over-year growth. Fuel price per metric ton (net of hedges) fell to $735 from $779 in 2023.

Net interest expenses were $218.2 million compared with $171.3 million reported in the year-ago quarter.

Balance Sheet

As of Mar 31, 2024, Norwegian Cruise had cash and cash equivalents of $559.8 million compared with $402.4 million at the end of 2023. Long-term debt was $12.01 billion compared with $12.31 billion as of 2023 end.

Booking Update

During the first quarter, the company reported strong consumer demand, achieving record-high bookings during a strong WAVE season. This helped NCLH attain a continued record booked position for the next twelve months. It reported an 11% rise in Onboard revenue per Capacity Day year over year. The company reported a record high Advance ticket sales of $3.8 billion, up 13% from 2023 levels.

The exceptional demand across all three reportable brands of the company almost fully offset the impact of the redeployed voyages related to the Middle East and the Red Sea.

Q2 & 2024 Guidance

For the second quarter of 2024, Norwegian Cruise anticipates occupancy to be approximately 105.7% and Capacity Days to be about 5.8 million. During the quarter, adjusted interest expenses are expected to be approximately $185 million, while depreciation and amortization are anticipated to be about $225 million. Adjusted EBITDA is expected to be about $555 million. Adjusted EPS is projected to be nearly 32 cents.

For 2024, the company anticipates occupancy to be approximately 105.1% and Capacity Days to be about 23.5 million. During the year, adjusted interest expenses are now expected at approximately $740 million (up from the prior expectation of about $730 million). Depreciation and amortization are anticipated at nearly $895 million. Adjusted EBITDA during the year is now expected to be nearly $2.25 billion, up from the previously expected $2.2 billion approximately. For 2024, adjusted EPS is currently expected to be nearly $1.32, up from prior expectations of about $1.23.

How Have Estimates Been Moving Since Then?

In the past month, investors have witnessed an upward trend in estimates revision.

The consensus estimate has shifted 8.05% due to these changes.

At this time, Norwegian Cruise Line has a strong Growth Score of A, though it is lagging a bit on the Momentum Score front with a B. Charting a somewhat similar path, the stock was allocated a grade of A on the value side, putting it in the top 20% for this investment strategy.

Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.

Estimates have been trending upward for the stock, and the magnitude of these revisions looks promising. Notably, Norwegian Cruise Line has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

Performance of an Industry Player

Norwegian Cruise Line belongs to the Zacks Leisure and Recreation Services industry. Another stock from the same industry, Royal Caribbean (RCL), has gained 7.4% over the past month. More than a month has passed since the company reported results for the quarter ended March 2024.

Royal Caribbean reported revenues of $3.73 billion in the last reported quarter, representing a year-over-year change of +29.2%. EPS of $1.77 for the same period compares with -$0.23 a year ago.

Royal Caribbean is expected to post earnings of $2.75 per share for the current quarter, representing a year-over-year change of +51.1%. Over the last 30 days, the Zacks Consensus Estimate has changed -0.5%.

The overall direction and magnitude of estimate revisions translate into a Zacks Rank #1 (Strong Buy) for Royal Caribbean. Also, the stock has a VGM Score of B.

To read this article on Zacks.com click here.

• Kohl's-stock
• News for Kohl's

Analysts Offer Insights on Consumer Cyclical Companies: Norwegian Cruise Line (NCLH), Kohl’s (KSS) and Life Time Group Holdings (LTH)

Analysts have been eager to weigh in on the Consumer Cyclical sector with new ratings on Norwegian Cruise Line ( NCLH – Research Report ), Kohl’s ( KSS – Research Report ) and Life Time Group Holdings ( LTH – Research Report ).

Norwegian Cruise Line (NCLH)

Morgan Stanley analyst Stephen Grambling maintained a Sell rating on Norwegian Cruise Line today and set a price target of $16.50 . The company’s shares closed last Thursday at $16.45.

According to TipRanks.com , Grambling is a 3-star analyst with an average return of 3.1% and a 52.7% success rate. Grambling covers the NA sector, focusing on stocks such as Hilton Worldwide Holdings, Wyndham Hotels & Resorts, and Marriott International.

Currently, the analyst consensus on Norwegian Cruise Line is a Hold with an average price target of $20.35.

See the top stocks recommended by analysts >>

Kohl’s (KSS)

Morgan Stanley analyst Alexandra Straton maintained a Sell rating on Kohl’s today and set a price target of $19.00 . The company’s shares closed last Thursday at $21.02.

According to TipRanks.com , Straton is a 3-star analyst with an average return of 3.9% and a 57.1% success rate. Straton covers the NA sector, focusing on stocks such as Lululemon Athletica, Abercrombie Fitch, and Victoria’s Secret.

The word on The Street in general, suggests a Hold analyst consensus rating for Kohl’s with a $23.10 average price target, an 11.6% upside from current levels. In a report issued on May 20, UBS also reiterated a Sell rating on the stock with a $15.00 price target.

Life Time Group Holdings (LTH)

In a report released today, Megan Alexander from Morgan Stanley maintained a Hold rating on Life Time Group Holdings, with a price target of $18.00 . The company’s shares closed last Thursday at $16.49.

According to TipRanks.com , Alexander has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -14.2% and a 20.5% success rate. Alexander covers the NA sector, focusing on stocks such as Xponential Fitness, Acushnet Holdings, and Harley-Davidson.

Currently, the analyst consensus on Life Time Group Holdings is a Strong Buy with an average price target of $23.25.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Read More on NCLH:

• American downgraded, United upgraded: Wall Street’s top analyst calls
• Norwegian Cruise Line upgraded to Buy from Hold at Truist
• Early notable gainers among liquid option names on May 28th
• Norwegian Cruise Line upgraded to Buy from Neutral at Mizuho
• Norwegian Cruise Line director buys $327.5K in common stock

Kohl's News MORE

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Carnival cruise ship rescues 25 people stranded off the coast of Mexico

A Carnival Cruise Line ship responded to a call from the U.S. Coast Guard and rescued 25 people stranded in a small boat off the coast of Mexico, the company announced Saturday.

The 2,984-passenger Carnival Radiance had left Long Beach, California, on Friday and was heading toward Ensenada Mexico for a three-day sailing when the cruise ship's officers were informed by the Coast Guard "about a distress call involving a small vessel," a news release said.

The ship immediately routed toward the location of the vessel, provided by the USCG, and "quickly" rescued all 25 people on board, including three children, the company said.

The U.S. Coast Guard did not immediately respond to USA TODAY's request for comment.

The rescued group was welcomed onto the cruise ship and given food, water, and medical assistance. Carnival coordinated with the Coast Guard to hand off the group.

Learn more: Best travel insurance

The incident did not disrupt the Carnival Radiance's schedule, the company announced.

A roller coaster in the ocean: What Carnival Cruise Line's BOLT ride is like

Another Carnival ship rescued a group of 28 Cuban nationals stuck at sea as it was sailing the Caribbean and saw people signaling for help in late April. The cruise ship was headed from Tampa, Florida, to Roatan in Honduras at the time. Also last month, a Celebrity Cruises ship sailing from Fort Lauderdale, Florida, to multiple destinations in the Caribbean rescued a small vessel adrift between Mexico and Cuba.

Kathleen Wong is a travel reporter for USA TODAY based in Hawaii. You can reach her at [email protected]

Virgin is facing a brand nightmare after its cruise giveaway went horribly wrong

• Virgin Voyages faces backlash after a free cruise winner said she has to pay $8,000 in flight costs.
• The cruise line's Australia voyages were canceled due to tensions in the Red Sea.
• Brand experts say Virgin should cover flight costs or offer different prizes to maintain trust.

Virgin Voyages is dealing with a PR nightmare after a woman who won a free cruise said she'd have to pay $8,000 in flights to claim her prize.

The adults-only cruise line , owned by Richard Branson's Virgin Group, is known for giving away free prizes to promote its various international sailings across Australia, Europe, and the Caribbean.

An Australian woman, who used the pseudonym Morgan, told the Australian Broadcasting Corporation (ABC) that she and other passengers were gifted free twin-share cruise vouchers while on a Virgin flight from Melbourne to her home in Tasmania in November.

Morgan said she used the voucher to book a cruise out of Brisbane for herself and her partner. However, in February, the company announced that all of its Australia voyages were canceled due to tensions in the Red Sea.

A spokesperson for Virgin previously told Business Insider that it had offered all prize winners new complimentary vouchers for cruises on its other international sailings.

But Morgan said traveling to Europe or the Caribbean is unfeasible, as it could cost her and her partner up to $8,000 — more than the $7,000 value of the voucher.

Experts say Virgin should cover the cost of the flights or offer a different prize

Tenile Clarke , a managing director and principal publicist at Chambers Media Solutions, told BI that Virgin should "definitely offer" to pay the cost of the flights.

Related stories

"Ultimately, this decision boils down to sound reputation management, and the negative publicity that can come from this for Virgin is a significant lesson in the brand's understanding that every customer is a potential ambassador for the product and experience that you offer to any community," Clarke said.

She said this incident is the "antithesis" of Virgin's brand values, which comprise "generosity and lasting social impact."

"While I don't think it will hurt on a macro scale, I do believe that they have to look at their reputation as one of the largest airlines operating in Australia — it's one of their largest source markets," Tenille said.

Balkrushna Potdar, a marketing lecturer at the University of Tasmania, told ABC that this incident may cause customers to lose trust in Virgin's brand.

"The winner's negative experience may become a cautionary tale dissuading potential customers from engaging with the brand," he said, adding that the company should cover the cost of the flights.

Speaking to ABC, Morgan said Virgin's PR team "stopped responding" to her messages after she pointed out how expensive the flights would be.

"We were genuinely shocked, we thought Virgin would provide us with an alternative prize like a flight credit… or they would allow us to rebook on a later season," Morgan said.

"They sort of gave up on us … like 'you're a bit of a problem now,'" she said.

Emma Cruises , a British travel blogger and cruise expert with around 330,000 YouTube subscribers, told BI that it could be unreasonable to expect Virgin to pay for the flights for every person affected by the Australia cancelations.

"The winners shouldn't be expected to pay for flights to claim their cruise, but I also wouldn't expect Virgin to pay for flights for every guest as it wasn't part of the original prize," Emma said.

"I'm sure that the winners would be happy with an alternative like Virgin gift cards to the value of the cruise, which could be used for Virgin Holidays, flights or experience days," she added.

Virgin Voyages declined to comment when contacted by BI for this story.

Watch: While Delta's business is 'extremely robust,' the airline's marketing chief stays focused on the data

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Princess Cruises Partners with Pitbull, Jason Aldean, Romero Britto to Introduce Exclusive "Love Line Premium Liquors" Collection

New high-end wine and spirits options debut on sun princess, rolling out fleetwide included in princess premier package.

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FORT LAUDERDALE, Fla. (May 30, 2024) - Princess Cruises, the world's most iconic cruise brand, has launched its all-new "Love Line Premium Liquors" collection. Crafted in collaboration with renowned celebrities Pitbull, Jason Aldean and Romero Britto, this exclusive line of wines and spirits promises an unparalleled experience for guests sailing aboard ships from the Love Boat.

Debuting on Sun Princess, the "Love Line Premium Liquors" collection features meticulously selected wines and spirits, each bearing the unique touch of its celebrity partner. From the smooth allure of premium vodka to organic notes of crafted wine, this collection caters to the discerning tastes of Princess Cruises guests.

Among the highlights of the premium spirits collection are:

Voli 305 Vodka by Pitbull : A celebration of style and sophistication, Voli 305 Vodka embodies the vibrant energy of Miami nightlife. Created in partnership with Pitbull, this ultra-premium vodka is distilled to perfection, offering a taste of luxury with every sip. Pitbull, also known as Mr. Worldwide, is a globally recognized musician, entrepreneur, and education advocate.

Love Prosecco by Britto : Artist Romero Britto and esteemed winemaker Villa Sandi have joined creative forces to unveil Love Prosecco , a private label that marries artistry with the essence of fine Italian craftsmanship and is included as part of the dining experience at Love by Britto aboard Sun Princess, as well as available in bars across the Princess fleet.

Love Prosecco embodies the essence of refinement and sophistication, offering a refreshing experience with every sip. This classic wine delights the palate with a nuanced interplay of dry melon fruit, transitioning seamlessly into a luxurious burst of fine mousse. Its liberating flavors dance on the taste buds, with notes of lemon, mineral, and white peach imparting a symphony of taste sensations.

Not stopping at the contents within, every aspect of Love Prosecco, from label to packaging, reflects Britto's distinctive artistic vision. The label and box have been meticulously designed by Britto himself, infusing the product with an added layer of visual allure and creative expression.

Melorosa Sauvignon Blanc, Red Blend and Cabernet Sauvignon by Jason Aldean : Melorosa Sauvignon Blanc, Melorosa Red Blend and Cabernet Sauvignon from celebrated country music icon Jason Aldean and his sister Kasi Wicks and fellow country music artist and entertainer Chuck Wicks round out the initial brands that make up the exciting new Love Line collection. Famed for his chart-topping hits like "Dirt Road Anthem" and "Burnin' It Down," Aldean and his family bring their passion for quality and authenticity to the world of winemaking. 

Crafted to perfection, Melorosa Sauvignon Blanc is a refreshing and dry white wine that promises a delightful sensory journey. Its crisp palate, accentuated by hints of herbs and grasses, pairs harmoniously with a variety of dishes.

Those with a passion for reds will enjoy the sophisticated Melorosa Cabernet Sauvignon , a fruit-forward marvel crafted straight from the heart of California's vineyards. Embodied with rich dark fruit notes of blueberry and blackberry, complemented by nuances of earth, dust, mocha, and cedar, this Cabernet is a symphony of flavors. Its moderate to high tannin levels and concentrated profile make it an impeccable choice for pairing with rich tasting foods, promising an unforgettable dining experience.

"We are proud to partner with esteemed celebrities like Pitbull, Jason Aldean and Romero Britto to introduce the 'Love Line Premium Liquors' collection and deliver an exceptional selection of spirits that reflect the diverse tastes and preferences of our guests," said John Padgett, president of Princess Cruises. "The Love Line Collection is a natural extension of the elegance and sophistication found throughout our Princess ships and makes every sip a journey worth savoring.” 

Guests booked on a Princess Premier package will enjoy these premium spirits as part of their beverage options, further enhancing their all-inclusive cruise experience.

The "Love Line Premium Liquors" collection is now available aboard Sun Princess, and will be available exclusively across the Princess fleet starting ahead of summer voyages, providing guests with an unparalleled opportunity to indulge in the finest spirits from around the world. Whether sipping Prosecco under the stars or toasting to new adventures with premium wines, guests can expect nothing less than perfection from this extraordinary new collection.

Sun Princess cruises to the Mediterranean, Europe and Caribbean can be booked by visiting www.princess.com/sunprincess .

Additional information about Princess Cruises is available through a professional travel advisor, by calling 1-800-PRINCESS (1-800-774-6237) or by visiting the company’s website at www.princess.com .

Media Contacts

Contact information for members of the media

Negin Kamali, +1 661-753-1539, [email protected]

Briana Latter, +1 661-753-1538, [email protected]

About Princess Cruises

Princess Cruises is The Love Boat, the world’s most iconic cruise brand that delivers dream vacations to millions of guests every year in the most sought-after destinations on the largest ships that offer elite service personalization and simplicity customary of small, yacht-class ships. Well-appointed staterooms, world class dining, grand performances, award-winning casinos and entertainment, luxurious spas, imaginative experiences and boundless activities blend with exclusive Princess MedallionClass service to create meaningful connections and unforgettable moments in the most incredible settings in the world - the Caribbean, Alaska, Panama Canal, Mexican Riviera, Europe, South America, Australia/New Zealand, the South Pacific, Hawaii, Asia, Canada/New England, Antarctica, and World Cruises. The company is part of Carnival Corporation & plc (NYSE/LSE:CCL; NYSE:CUK).

Additional media information is available at princess.com/news

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Contact us at: 1-800-PRINCESS (1-800-774-6237) or 1-661-753-0000

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