Is there anything the Peace of Mind FCC cannot be used for? (Those are often reimbursed to the original form of payment, like a credit card.). Norwegian Cruise Line has extended its Future Cruise Credit (FCCs) booked by date until the end of the year. Is there anything the Peace of Mind FCC cannot be used for? OK, that's helpful. Dining or beverage packages (those not part of the Free at Sea (FAS) promotion) We're also hard at work at our ongoing margin enhancement initiative and are continuing to identify new and innovative ways to get more efficient while also delivering best-in-class product and service offerings for our guests. In either case, you can register your Future Cruise Credit online on our My Future Cruise Credit website, then browse all the sailing available and call an expert for the best personal planning and booking consultation. Transfers Norwegian Cruise Line Document Downloads We look forward to continuing to demonstrate this improvement over the coming quarters. Mesmerising beach & city stays in over 200,000 hotel & resort properties worldwide. Jessica John -- Vice President, Investor Relations, ESG, and Corporate Communications. This is applicable to Peace of Mind and suspended sailings FCCs, including 25% and 50% credit FCCs issued for suspended sailings. 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. So, we're very happy with that strategy? So, we have very efficient fixed rate financing for all of our newbuilds that are on scheduled to delivery through 2028 at an average rate of anywhere from 2% to 2.5 %. Look, our book position, Harry touched on it earlier, we're exactly where we need to be to hit our goals and our guidance. And I think -- I'm very confident, I think quite a bit of -- we're nervous last quarter, whether or not we could achieve our cost savings. I won a bid on the Norwegian Upgrade Advantage. Turning to our next catalyst, we continue to take strategic actions across our business to improve operating efficiencies and rightsize our cost base to rebuild and enhance margins. Norwegian Cruise Line | Future Cruise Credit - Cruises.com But -- so I wouldn't get caught up too much on the slight impact to occupancy. 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. 04/02/2018. Photo packages. Before turning the call over to Q&A, I'd like to leave you with some key takeaways which you can find on Slide 18. Yes, with Norwegian Cruise Line, you can use your Future Crusie Credit to pay for more than one cruise in the future. Attachment of email from current FCC owner authorizing transfer. Good luck in retirement. Bon Voyage gifts and celebration packages Water/soda packages Yeah, so, regarding our second half NPDs, you know, I think we labeled that on our slide. 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. Can I use my Future Cruise Credit to prepay gratuities? Each submission request will be individually handled and responded to. Harry? Can I use My Future Cruise Credit towards the deposit of a cruise? Can you discuss what you're seeing, I think first half of the year you're weighted a little heavier Caribbean, you know, how pricing and closing demand is looking for the region? And with those tools, we think bundling actually provides us in this uncertain future environment a competitive advantage. The new policy applies to both individual and group bookings*. My questions are for Mark. United Kingdom Which sailings qualify under Norwegians Peace of Mind policy? If the new cruise fare is lower than the Future Cruise Credit value, a new Future Cruise Credit will be issued for the remaining balance. To what reservations does the Peace of Mind policy apply? Yes. Thank you, Mark. Still have questions? Norwegian Cruise Line has extended its Future Cruise Credit (FCCs) booked by date until the end of the year. Below are instructions and frequently asked questions for redeeming and using your Future Cruise Credits. Future Cruise Credit FAQs Great. And any, you know, color just on the cadence of bookings that you've seen year to date, maybe relative to pre-COVID levels. Thank you. United States: International Cruise & Excursion Gallery, Inc. One day later, Norwegian Jade will return to service from a homeport that is not used too often, Panama City, from where she will offer Panama Canal cruises. Now, for one last time, thank you for your interest and your support. So, in order to preserve cash for the long term and given the very efficient rates, we simply decided to finance more. 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. This does not mean, however, that we will not continue to invest in our product or service offering to enhance our guest experience. While we originally planned to fund this with our organic cash flow generation when the ships were originally ordered, given the very efficient and supportive financing we received from export credit agencies and the continued uncertainty in the macro and financial markets, we felt financing this was a prudent action to minimize cash outflows for the next few years. These are given to customers as a form of compensation for inconveniences caused by cancelled cruises or service issues on a previous cruise. It has a monetary amount associated with it, and it is provided in lieu of a refund. Include the following information in the comments field: Completed FCC transfer request information as listed below. Our pre-sold revenue on a per-passenger day basis for the first quarter of 2023 is approximately double the level in 2019, an important contributor to our onboard revenue strength, as guests who make pre-cruise purchases tend to spend significantly more than guests who do not pre-book onboard activities. With that, I will now turn the call over to Mark for his commentary on our financial position and outlook. COVID-19 canceled your cruise. Here's how you can use that money for a And now, as we've essentially exited wave, can you maybe help us think about where you are booked now for '23? Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Steve Wieczynski -- Stifel Financial Corp. -- Analyst. This represents a 15% decrease as compared to the average of $187 in the second half of 2022. After eight incredible years, it is now time for me to make way for the next generation of leaders who are ready and energized to take this company onto greater heights. In order to transfer an FCC, and in an effort for us to best assist you quickly, please follow the instructions below: POM or Suspended Sailing reservation number that generated the FCC being transferred: At time of cancellation, all promotional offers, amenities, and value adds will be removed from the booking and will not carry-over to future reservations. 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. A future cruise credit is typically delivered via email within a few weeks' time, depending on how long it takes the cruise line to process it. But more importantly, when you look at the comparisons in the back half of 2019, we're rolling over much easier comparisons, the inverse of what's happening in the first half versus 2019. Get in touch at the below options: Copyright 2020 International Cruise & Excursion Gallery, Inc. My Future Cruise Credit, I.C.E. So, I think what you have to think about is looking at our newbuild deliveries that we're taking this year as well. Can guests choose to carry promotional amenities or value adds from their cancelled reservation to their future booking? This may mean different protocols from ship to ship based on local state or port requirements or in an abundance of caution to keep our guests and crew as safe as possible. So, are you basically booked above that right now, and then, as you get closer in, you know, the trends kind of soften a little bit? I'll -- it's Harry. Just trying to get comfortable with how you get there. So, the remainder of it, we are carrying through. We are also increasing quality touch points with our guests, starting with the time of booking, to capture even more revenue and prepayment prior to cruise. So, it does not represent a further half-a-billion increase in the overall ship cost, it is simply a different mechanism for financing some of the existing costs that were already expected. The FCC has been partially applied to an active and existing reservation. 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. Please proceed with your question. Register your Future Cruise Credit, find your favourite sailing, then speak to an expert for a personal consultation on planning and booking, and let us make your cruise dreams a reality, completely stress free! I also want to express my sincere appreciation to our loyal guests, valued travel partners, lenders, shipyards, investors, analysts, and all of our stakeholders for your continued support and partnership over the years.
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