Skift Take

Norwegian Cruise better be certain it has the guest experience to retain customers despite implementing record pricing amid shaky economic conditions.

Dawit Habtemariam

Norwegian Cruise Line grew its occupancy level despite increasing its pricing in the third quarter. The cruise company expects it will fill its ships in 2023 even with higher pricing and uncertain macroeconomic conditions, executives said during an earnings call Tuesday. In the third quarter, occupancy rose to 82 percent, up from 65 percent the last quarter but down 30 percent from the same period in 2019. Occupancy grew despite pricing being higher than in 2019. "Pricing continues to be significantly higher when compared to 2019 even when taking into consideration the diluted effect of future cruise credit," said Norwegian Cruise President and CEO Frank J. Del Rio. The cruise company wants to sequent