So, I would actually rephrase that as financial benefits. that's something that you'll see us out in the marketplace in the latter part of this year. And there's two choices. For additional information, please visit www.ncl.com/travel-requirements-by-country. This will either cover the cost of the fare or be issued in the form of an open certificate similar to the Future Cruise Credit. Tagalog, Australia After all, the newsletter theyhave run for over a decade, Motley Fool Stock Advisor, has tripled the market.*. Upon submission of the online request, an email will be sent to the email address entered on the form with a response and case number. If one of the available insurance plans is not added to the reservation, the FCC will be removed from payment. Cost basis and return based on previous market day close. Our press release with first quarter 2023 results was issued this morning and is available on our investor relations website. Our target consumer remains resilient with a persistent desire for travel and experiences. Scam or Deal: Will That Cruise Sale Really Save You Money? Okay, gotcha. It's really around our promotions and advertising variable costs that would have any sort of influence. Please contact Sixthman directly. We are targeting a 10% reduction in GHG intensity by 2026 and 25% by 2030. And, of course, as we buy air tickets for over a million guests a year, we have some really good systems and efficiencies to leverage the best prices out there. And lastly, we're going to continue to capitalize on the robust consumer demand we're experiencing, which is translating into our record book position and strong pricing, including very robust onboard revenue generation. The FCC has been partially applied to an active and existing reservation. Princess Cruise Line's Future Cruise Credit (FCC) is credit that you can use for your next Princess cruise. We work in partnership with all the major cruise & travel associations. FCC is almost always a compensation due to a canceled, interrupted or rebooked cruise. To find out more, please. I wanted to dig a little bit more into the regional setup. And so, we're going to -- occupancy may not be coming in exactly what we thought, but it makes more sense to hold price for those or just trying to think about because I think the itineraries themselves didn't change since last reported. First, we continue to see healthy and resilient demand from our target markets who remain willing and eager to spend on cruise vacation travel. What if I booked my cruise with a travel agent and received a Future Cruise Credit? Cruise departure date 18 March - 29 July 2020: In addition, any of these items will also be added if booked through Norwegian Cruise Line; Flight arrangements, Hotel and Cruise Tour packages, Shore Excursions booked and pre-paid, Prepaid service charges, Beverage or Dining gratuities (if part of FAS Promotion selection), Essentials, Booksafe Standard or Platinum Travel Protection. So, I think Q2 to Q4 basically represents what we're going to see in future periods as well. What happens if the cruise I am looking to book has a greater value than my Future Cruise Credit? Since then, not all those guests have rebooked for a new voyage. Only the entire and full original value of Peace of Mind and suspended sailing FCCs worth 100% of the fare paid, as well as the bonus 25% or 50% FCCs, are eligible for transfer. But overall, our NPDs remained very healthy and strong. I have worked with Harry in various capacities over the course of three decades, and I can assure you that he is a strategic and innovative leader, who has the right talent, skill set, and energy to lead the company at this pivotal time in its history. 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%. 19952023, The Independent Traveler, Inc. Special Event: Q&A with Rudi Schreiner, President, Co-Founder & Co-Owner - AmaWaterways River Cruises, Q&A with Avoya Travel: Learn How to Turn Your Passion into Success by Becoming an Independent Travel Advisor. Thank you. 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. Insurance FCCs can only be applied to a new reservation where Essentials, Booksafe Standard or Platinum Travel protection has been added. Later, we will conduct a question-and-answer session, and instructions for the session will follow at that time. So, while on the surface it may appear that there is a -- it is a bit softer than Q1. The amount of FCC that a cruise passenger qualifies for is calculated on the base fare that they paid, less any taxes, fees, upgrades or additional purchases like excursions. And then, secondly, I think the other piece to look at is when you do the comparison versus a very strong second quarter 2019, we're comping over some difficult comps with Cuba that we had back in 2019, as well as the full benefit of Baltic itineraries. Are any costs refunded instead of being included in the FCC? Sign up and register your future cruise credit details to get personalised service, cruise line updates and exclusive promotions. And we've absolutely seen or exceeded those levels during Q1 booking period compared to Q1 of 2019. Harry, Mark, and Jessica, and the team will be available to answer any questions you may have once this call is over. When you get to the "Payment Page" of booking, choose "My Coupons and Credits" from the Payment Type pull down menu. And we're very pleased with that. Yeah, Brandt, good morning. I guess to what extent should we expect that to continue to step down throughout the year. Norwegian Cruise Line has extended its Future Cruise Credit (FCCs) booked by date until the end of the year. FCCs are now valid through December 31, 2022, Norwegian Cruise Line Holdings Is First to Opt-In to Voluntary CDC Guidelines, Coast Guard Rescues 4 Passengers from 3 Cruise Ships in 24 Hours, Holland America Opens Alaska Season With Special 150th Events, Viking Vessel Launches Toronto 2023 Cruise Season, MSC Cruises Announces First-Ever Winter Season in Japan. Purchased onboard credits 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. There's never a guarantee, but that is what we're rallying around. Thank you, Harry, and good morning, everyone. Norwegian Cruise Line ( NCLH 9.40%) Q1 2023 Earnings Call. Applicable refunds will be returned to the original form of payment sixty (60) days after the request for the refund has been made. PLUS receive a bonus credit to save on hotels, get 24/7 expert Future Cruise Credit & COVID advice & find the best deals - all in one place. which gives us confidence that we can achieve this sequential improvement in year over-year-growth. The Future Cruise Credit may be used for sailings that embark on or before December 31, 2022. We have had a future cruise credit with Norwegian cruise line for some time when the cruise line cancelled out cruise at the beginning of the pandemic.Now we want to go on a cruise in september and use it, but the cruise line won't apply it, saying they will only apply it if we go before . Contact Guest Services. No, guests will receive the full value of their winning bid within the FCC and can apply that towards the sailing and category of their choice. a new quarantine requirement upon return from travel (but not a travel ban), then an FCC would be offered. So, you know, what am I missing there, Mark? When cruises are greatly affected or canceled, or if passengers are given compensation for any reason, a nonrefundable future cruise credit is a common form of payment. What does My Future Cruise Credit not cover? (Those are often reimbursed to the original form of payment, like a credit card.). So, I just want to point out that that's not necessarily a change from last quarter. Focus on where you want to go and let us make your dream come true - stress-free!". Our brands continue to resonate with consumers as demonstrated by our book position and pricing for the remainder of '23. In April, Norwegian Star and the only large cruise ship registered under the US flag, Pride of America, will resume sailings. With this significant achievement, we have also nearly closed the occupancy gap versus 2019 levels. And that's simply is a matter of, you know, when we sell the ticket to the consumer, we sell the air at what we believe are going to be the best projected prices. She will be offering guests cruises to the Greek Isles. Photo packages. It also cannot be used to pay the initial deposit. But rather, that we will be even more strategic and data-driven when making these decisions to ensure we are investing where we see the highest returns and most impact. Yes, with Norwegian Cruise Line, you can use your Future Crusie Credit to pay for more than one cruise in the future. Great. You can redeem any FCC by calling us! Free expert cruise tips and news from Cruise Hive! Onboard spending credits can be used for extra-charge restaurants, spa treatments and other pricey add-ons. So, that does somewhat elevate your unit cost, although we do receive benefit on both the top and bottom lines from that. And, Frank, congrats on a storied career and wish you all the best luck in your future endeavors. Asia-Pacific: I.C.E Vacations Asia Pacific Pty Ltd. Company Number: 54 105 542 176. That being said, we were very pleasantly surprised with flows in demand for Caribbean in Q1. A FCC may be used towards the deposit and/or base cruise fare of any future cruise. Dan Politzer -- Wells Fargo Securities -- Analyst. Shore excursions booked whilst onboard And then, secondly, if I have my notes correctly, for the 1.4 billion term loan, it's going to be either pushed out or amended and extended. Please allow up to 7 business days for the transfer request to be completed. The Motley Fool has a disclosure policy. Capacity growth in 2023 is expected to be just shy of 20% compared to 2019, as we add over 5,000 berths to our world-class fleet. And as we look out over the next five years, this increases to approximately 50% growth versus 2019. Beverage or dining gratuities (if part of the Free At Sea promotion selection) Whether you booked directly with NCL or via a Travel Agent the Future Cruise Credit you receive is linked to NCL only and can be redeemed towards a future NCL cruise. I was just wondering if that 500 million was for 2023, or is that for the later deliveries that the 1.2 billion applies to? If the cruise you booked with future cruise credit is canceled, the full amount may again be refunded in the form of an FCC, and the expiration dates will likely be adjusted accordingly. If I already have another cruise booked can I use My Future Cruise Credit against my existing one? This represents a 15% decrease as compared to the average of $187 in the second half of 2022. And there's always going to be some variable variability in there, but nothing that overly concerns us. Disney Magic, Disney Wonder, Disney Dream and Disney Fantasy If your Disney cruise was canceled, you can opt for a future cruise credit or refund . And I can say that we are heartily within that range pretty much exactly where we want to be. Voyage Fare ET. Anyone choosing to cancel received a full refund in the form of a future cruise credit (FCC) to be used for sailings that embark through June 30, 2023. What do I do if I am ready to book my next cruise with My Future Cruise Credit?