Too Many Ships and Not Enough Cruisers? No Way, says NCLH’s Del Rio

With the cruise industry set to grow at between 4 and 6 percent per year according to the 2021 Cruise Industry News Annual Report, are there concerns about too many ships and weakened pricing? No, according to Norwegian Cruise Line Holdings President and CEO Frank Del Rio. “What we're seeing now within the pandemic is pricing is strong, demand is stronger than ever. I mean, to give you a nugget of data. The Oceania and Regent brands reached their 50 percent load factor for 2022 over 100 days earlier than they did for the record year of 2019 ... pricing power is there,” he said.

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