Norwegian Cruise Line’s Revenue by Destination

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This statistic highlights Norwegian Cruise Line’s Revenue by Destination, split between Asia-Pacific, Europe, North America, and Other regions, from 2015 onwards.
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This statistic highlights Norwegian Cruise Line’s Revenue by Destination, split between Asia-Pacific, Europe, North America, and Other regions, from 2015 onwards.

Norwegian Cruise Line Holdings Ltd is an American multinational cruise company. It is the leading global cruise company that operates under brand names such as Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises. The company is headquartered in Miami, Florida.

Norwegian Cruise Line’s Revenue by Destination

Region 2019 2020 Revenue Share in FY 2020
Asia-Pacific $0.50 $0.15 12%
Europe $1.67 $0.03 2%
North America $3.81 $0.96 75%
Other $0.48 $0.14 11%
Total $6.46 $1.28 100%

(All figures in billions, except percentages)

Asia-Pacific

This region was the second biggest market for Norwegian Cruise Line Holdings Ltd during FY 2020 as it contributed about 12% of the company’s total revenue. Norwegian Cruise Line Holdings revenue for the Asia-Pacific region fell from $0.50 billion in FY 2019 to $0.15 billion in FY 2020, which was a 69% decrease.

In the Asia-Pacific region, the company has operations in countries such as China, India, Hong Kong, Malaysia, Japan, Indonesia, etc.

Europe

Norwegian Cruise Line Holdings Ltd earned $0.03 billion from the European region during FY 2020, which was a 98% decrease when compared to FY 2019, where $1.67 billion were earned. The European region contributed 2% of the total revenue of the company during FY 2020.

In this region, the company operates in countries such as United Kingdom, Belgium, France, Germany, Greece, Ireland, Italy, Spain, Sweden, Switzerland, Poland, and the Netherlands.

North America

A majority of Norwegian Cruise Line Holdings revenue comes from North America, which contributed about 75% of total revenue in FY 2020. Norwegian Cruise Line’s revenue from this region in FY 2020 amounted to $0.96 billion, which was a 74% decrease in revenue compared to FY 2019 when the revenue earned was $3.81 billion.

In the North American region, the company has operations in countries such as the USA, Alaska, the Caribbean, and Hawaii.

Other

Norwegian Cruise Line Holdings Ltd earned $0.14 billion from Other regions during FY 2020, which was a 71% decrease when compared to FY 2019, where $0.48 billion were earned. This region contributed 11% of the total revenue of the company during FY 2020.

In this region, the company has operations in countries such as Australia, New Zealand, South Africa, etc.

The total revenue of Norwegian Cruise Line Holdings Ltd has decreased from $6.46 billion in FY 2019 to $1.28 billion in FY 2020, which was an 80% decrease. This decrease was due to travel restrictions and lockdowns around the world due to the COVID 19 pandemic.

With the easing of restrictions and unlocks happening around the world the total revenue of the company is expected to increase in future. Also, the company is expanding its fleets of ships with the introduction of six additional ships such as Allura Class Ships, Norwegian Prima,  and Explorer Class Ship which are expected to be delivered between 2022 and 2027. These additions to the company’s fleet will increase its total Berths to approximately 83,000, which includes additional Berths the company plans to add to their Project Leonardo ships, subject to certain conditions.

Company Overview

Norwegian Cruise Line Holdings Ltd is a public limited company, founded by Israeli  Ted Arison and the Norwegian Knut Kloster. As of 2020, the company employed approximately 31,000 shipboard employees and approximately 3,300 full-time employees worldwide in our shoreside operations. The competitors of Norwegian Cruise Line Holdings Ltd are TUI Group, Carnival, Flight Centre Travel Group, and Expedia Group. Norwegian Cruise Line Holdings Ltd’s key managerial persons are Harry Sommer (CEO), Mark A. Kempa (Executive Vice President and CFO), Jason M. Montague (President), Robert Binder (Vice-Chairman), Faye L. Ashby( Senior Vice President and CAO), and Daniel S. Farkas (Executive Vice President). The common stocks of Norwegian Cruise Line Holdings Ltd are listed on the New York Stock Exchange under the trading symbol “NCLH”. Norwegian Cruise Line Holdings Ltd currently has 9 ships in its fleet including Norwegian Spirit, Norwegian Sun, Norwegian Sky, Norwegian Escape, Norwegian Getaway, Norwegian Joy, Norwegian Bliss and Norwegian Gem. The company owns two private islands in the Caribbean named Great Stirrup Cay in the Bahamas and Harvest Caye in Belize.

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