Norwegian Cruise Line Launches 2024 Europe Season Porthole Cruise and Travel News

Table Of Content

• Mackenzie Financial Corp Sells 404,764 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)
• Cruise Industry News Email Alerts
• Social distancing on ships
• Norwegian Cruise Line Price Performance
• NCLH’s current and future leaders speak about the transition
• Norwegian Cruise Line Announces a Huge Leadership Change

Many TPG readers are worried about whether Norwegian and other cruise companies can make it through the crisis. For starters, travel agents have no incentive to sell a $30-a-day cruise, Del Rio noted. But in a perfect world, Del Rio says the company would hope to stick with the itineraries that it has on the books, including voyages across the globe from Europe to Asia. "I don't believe for a minute that the mature audience is not going to cruise anymore," he said. "These are the most loyal customers. They've got the time to cruise. They've got the money to cruise and, quite frankly, they're pissed off that they can't cruise right now. They've got a bucket list. They've got a short time left on this planet, and they want to make the most of it."

Mackenzie Financial Corp Sells 404,764 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

This news surprised many since Del Rio had spent three decades in the cruise business and successfully led the company since 2015. This summer, Norwegian is offering 101 itineraries in Europe aboard 9 ships, including 38 roundtrip voyages and 63 open-jaw trips. Its ships will visit 140 different ports in Northern Europe, the Mediterranean, Greek Isles and along the Atlantic coast. Several cruises also offer overnight calls in destinations like Istanbul, Turkey; Florence, Italy; and Reykjavik, Iceland.

Cruise Industry News Email Alerts

Norwegian Cruise ex-CEO selling $15.9 million Florida mansion: photos - Business Insider

Norwegian Cruise ex-CEO selling $15.9 million Florida mansion: photos.

Posted: Tue, 21 Nov 2023 08:00:00 GMT [source]

David serves on the NCLH Audit Committee and is the Chairperson of the NCLH TESS Committee. David Abrams is the Founder and Co-Managing Partner of Velocity Capital Management and brings more than 25 years of experience in sports and entertainment, private equity, finance, and investment banking to our Board of Directors. David was the Chief Investment Officer of Harris Blitzer Sports & Entertainment, which owns the Philadelphia 76ers, the New Jersey Devils, the Prudential Center and esports franchise, Dignitas. He is also controlling shareholder of Keemotion SPRL, a leader in sports technology, and Co-Managing Partner of the Scranton/Wilkes-Barre RailRiders, the AAA-Affiliate of the New York Yankees. Previously, Berkshire oversaw strategic planning and analysis for Onboard Media, a subsidiary of Louis Vuitton Moët Hennessy (LVMH), which provides customized integrated media to the cruise and hotel industry.

Social distancing on ships

As Norwegian Cruise Line’s new President, Herrera will be responsible for the overall strategic vision and business plan execution for the brand. As Norwegian Cruise Line’s President, David Herrera will be responsible for the overall strategic vision and business plan execution for the brand. Reporting to NCL President, David Herrera, he is responsible for leading the direct outbound sales organization and the web chat sales channel. A graduate from Miami University with a bachelor's degree in marketing, Chernesky now resides in Los Angeles, California with his wife and their twin sons. Prior to joining the Organization, Herrera was founder of Eastside Financial Group, a private investment firm. Earlier in his career, he was Vice President at Sanford C. Bernstein, where he advised high net worth families and endowments on financial matters, and was an investment banker at Goldman, Sachs & Co. in the Financial Institutions Group.

Norwegian Cruise Line Price Performance

Del Rio’s well-deserved retirement is the culmination of a remarkable career spanning three decades in the cruise industry, according to a company statement. David Herrera is the Chief Consumer Sales and Marketing Officer for Norwegian Cruise Line, responsible for driving demand and global market share across NCL’s key global source markets. Harry Sommer, the Chief Executive of Norwegian Cruise Line since 2020, will take over as the new CEO of NCLH effective July 1, 2023. With over 30 years of experience, he has played a significant role in itinerary planning, ship design, and onboard guest experiences. Sommer will work closely with Herrera during the transition period to ensure a smooth handover. Norwegian Cruise Line Holdings, the parent company of Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises, has announced some major changes in its executive leadership team.

If testing could show that all passengers and crew on a ship were negative for the illness, cruise ships could become one of the safest places to be on vacation, he suggested. "The average age of our ships is 10 years, so we are far from retiring any vessels." One thing Del Rio doesn't envision is ship retirements, at least for his company's brands.

Sommer, 55, has more than 30 years of cruise industry experience across sales, marketing, revenue management, passenger services, itinerary development and international business development and operations. Previously, he served as President, International and throughout his career also held executive roles at various cruise operators. Harry J. Sommer has over 30 years of experience in the cruise industry, currently serving as President and Chief Executive Officer of Norwegian Cruise Line Holdings’ largest brand, Norwegian Cruise Line. In this role Sommer leads sales, marketing, revenue management, passenger services, itinerary development, international business development and operations for NCL.

"I don't know of any other company in any other industry — and I challenge you to come up with one — that can withstand 18 months of zero revenue and still come out on the other side raring to go." TPG readers and others "should feel very comfortable [making a booking or taking a credit]." Earlier this week, the company raised more than $2 billion through debt and equity sales, which gives it enough liquidity to survive a complete shutdown of cruising for more than 18 months. "We believe in our product. We believe in the value proposition of cruising, the value proposition that our three brands offer and our customers obviously believe in it because we have [had] the highest yields." Two of Norwegian's three brands -- Oceania and Regent -- draw a considerable number of older travelers (they are popular lines with retirees), and these people are raring to get back to cruising, Del Rio added.

The new deal, which was announced in an SEC filing dated October 1, will keep Frank Del Rio at the company’s helm until the end of 2023. Del Rio has not negotiated an increase in bonuses or salary for this period, however with a base salary of $1.8 Million and the $80 Million he has received in bonuses over the last six years; this will probably not hurt him too much. Additionally, shouldbecruising.com participates in various other affiliate programs, and we sometimes receive a commission from purchases made through our links.

She is the former Chief Executive Officer of Future plc, a global platform for specialist media. She also previously served as the interim Chief Executive Officer and Chief Financial Officer of Trader Media Group (owner of AutoTrader), Commercial Director and Chief Financial Officer of Fitness First and the Chief Financial Officer at Thresher Group. She also has extensive experience as a board member and currently serves as Chairperson of TrustPilot Group plc and Executive Chair of M&C Saatchi Group. She is a former member of the board of directors of Future plc, Flutter Entertainment plc, THG plc and GoCo Group plc. With all brands expanding further set to launch and new leadership in place, NCLH is well-positioned to continue its growth and success in the years to come. The company has also announced several design changes to the Prima class of ships, and Regent Seven Seas and Oceania Cruises are launching new ships soon.

Sommer led efforts to expand the Company’s global footprint with the opening of several offices around the world and significantly strengthened its international presence.. In addition to his role at Norwegian Cruise Line, Sommer also assumed oversight responsibilities in January 2023 for all of the Company’s other revenue generating functional areas which included Oceania Cruises, Regent Seven Seas Cruises and the tri-branded Onboard Revenue department. Andrea DeMarco has nearly 20 years of diverse cruise industry experience across multiple areas of the business. She has served as Chief Sales and Marketing Officer for Regent Seven Seas Cruises since September 2021, during a pivotal time for the cruise line as it resumed operations post-pandemic.

The measures will include such things as more intense cleaning and disinfecting on ships. Ships also will be staffed with more doctors and nurses and equipped with additional medical equipment to handle any severe situations. But the key, Del Rio said, will be monitoring passengers and crew in a more intensive way for any signs of illness. In addition, coronavirus-related shipyard shutdowns will likely lead to delays to new ship deliveries across the industry, including at Norwegian. The company has nine vessels on order from shipyards in Europe for delivery starting in 2022. I love sharing my best cruise tips with you, along with reviews of cruise destinations, shore excursions, cruise ships and cruise lines.

Del Rio, who spent three decades in the cruise business, has led the company since 2015. Del Rio guided Norwegian Cruise Line Holdings through the global operations pause between 2020 and 2021. Tomoleoni recently served as the Brand’s Vice President of Consumer Sales, where his sales strategy and direct sales operation were pivotal in helping break company booking records. Under his leadership, the consumer sales division has expanded and now plays a significant part of the business. Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise company in North America, Europe, the Asia-Pacific, and internationally.