Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) (the “Company”)
today announced revisions to its SailSAFE health and safety
protocols which further align the Company to the broader travel,
leisure and hospitality industry worldwide. Vaccinated guests aged
12 and over will no longer have any pre-cruise COVID-19 related
protocols and unvaccinated guests may embark with a negative
COVID-19 test taken within 72 hours prior to departure, subject to
local regulations. This policy will go into effect across Norwegian
Cruise Line, Oceania Cruises and Regent Seven Seas Cruises for all
sailings that commence on or after September 3, 2022. Requirements
may differ for guests traveling on voyages departing from or
visiting destinations with specific local regulations, including
but not limited to Canada, Greece and Bermuda. The Company
continues to strongly recommend all guests be up to date on
vaccination protocols and test at their convenience prior to
travel.
“Our long-awaited revisions to our testing and
vaccination requirements bring us closer in line with the rest of
society, which has learned to adapt and live with COVID-19, and
makes it simpler and easier for our loyal guests to cruise on our
three best-in-class brands. Health and safety is our top priority
and we will continue to modify our robust SailSAFE program as the
public health environment evolves,” said Frank Del Rio, President
and Chief Executive Officer of Norwegian Cruise Line Holdings Ltd.
“The relaxation of protocols coupled with continued easing of
travel restrictions and the reopening to cruise in more ports
around the globe are meaningfully positive for our business as it
reduces friction, expands the addressable cruise market, brings
variety to itineraries and provides additional catalysts on the
road to recovery.”
Key fleetwide protocols changes, subject to
local regulations, effective September 3, 2022 include:
- Vaccinated guests
aged 12 and older will no longer have any pre-cruise COVID-19
related protocols
- Unvaccinated
guests, aged 12 and older, or those who cannot or decline to
provide proof of vaccination, will need to present a
negative medically administered PCR or Antigen COVID-19
test taken no more than 72 hours prior to boarding
- Guests aged 11 and
under will not be subject to vaccination requirements or testing
protocols of any kind
- Vaccinated guests
must meet the generally-accepted definition of “fully vaccinated”
based on the destination they are embarking and/or traveling to and
must provide proof of vaccination
About Norwegian Cruise Line Holdings
Ltd.
Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH)
is a leading global cruise company which operates the Norwegian
Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands.
With a combined fleet of 29 ships with over 62,000 berths, these
brands offer itineraries to approximately 500 destinations
worldwide. The Company has eight additional ships scheduled for
delivery through 2027, comprising over 20,000 berths.
Cautionary Statement Concerning
Forward-Looking StatementsSome of the statements,
estimates or projections contained in this release are
“forward-looking statements” within the meaning of the U.S. federal
securities laws intended to qualify for the safe harbor from
liability established by the Private Securities Litigation Reform
Act of 1995. All statements other than statements of historical
facts contained in this release, including, without limitation,
those regarding our business strategy, financial position, results
of operations, plans, prospects, actions taken or strategies being
considered with respect to our liquidity position, valuation and
appraisals of our assets and objectives of management for future
operations (including those regarding expected fleet additions, our
expectations regarding the impacts of the COVID-19 pandemic,
Russia’s invasion of Ukraine and general macroeconomic conditions,
our expectations regarding cruise voyage occupancy, the
implementation of and effectiveness of our health and safety
protocols, operational position, demand for voyages, plans or goals
for our sustainability program and decarbonization efforts, our
expectations for future cash flows and profitability, financing
opportunities and extensions, and future cost mitigation and cash
conservation efforts and efforts to reduce operating expenses and
capital expenditures) are forward-looking statements. Many, but not
all, of these statements can be found by looking for words like
“expect,” “anticipate,” “goal,” “project,” “plan,” “believe,”
“seek,” “will,” “may,” “forecast,” “estimate,” “intend,” “future”
and similar words. Forward-looking statements do not guarantee
future performance and may involve risks, uncertainties and other
factors which could cause our actual results, performance or
achievements to differ materially from the future results,
performance or achievements expressed or implied in those
forward-looking statements. Examples of these risks, uncertainties
and other factors include, but are not limited to the impact of:
the spread of epidemics, pandemics and viral outbreaks, including
the COVID-19 pandemic, and their effect on the ability or desire of
people to travel (including on cruises), which is expected to
continue to adversely impact our results, operations, outlook,
plans, goals, growth, reputation, cash flows, liquidity, demand for
voyages and share price; implementing precautions in coordination
with regulators and global public health authorities to protect the
health, safety and security of guests, crew and the communities we
visit and to comply with regulatory restrictions related to the
pandemic; legislation prohibiting companies from verifying
vaccination status; our indebtedness and restrictions in the
agreements governing our indebtedness that require us to maintain
minimum levels of liquidity and be in compliance with maintenance
covenants and otherwise limit our flexibility in operating our
business, including the significant portion of assets that are
collateral under these agreements; our ability to work with lenders
and others or otherwise pursue options to defer, renegotiate,
refinance or restructure our existing debt profile, near-term debt
amortization, newbuild related payments and other obligations and
to work with credit card processors to satisfy current or potential
future demands for collateral on cash advanced from customers
relating to future cruises; our need for additional financing or
financing to optimize our balance sheet, which may not be available
on favorable terms, or at all, and our outstanding exchangeable
notes and any future financing which may be dilutive to existing
shareholders; the unavailability of ports of call; future increases
in the price of, or major changes or reduction in, commercial
airline services; changes involving the tax and environmental
regulatory regimes in which we operate, including new regulations
aimed at reducing greenhouse gas emissions; the accuracy of any
appraisals of our assets as a result of the impact of the COVID-19
pandemic or otherwise; our success in controlling operating
expenses and capital expenditures; trends in, or changes to, future
bookings and our ability to take future reservations and receive
deposits related thereto; adverse events impacting the security of
travel, such as terrorist acts, armed conflict, such as Russia’s
invasion of Ukraine, and threats thereof, acts of piracy, and other
international events; adverse incidents involving cruise ships;
adverse general economic and related factors, including as a result
of the impact of the COVID-19 pandemic, Russia’s invasion of
Ukraine or otherwise, such as fluctuating or increasing levels of
interest rates, inflation, unemployment, underemployment and the
volatility of fuel prices, declines in the securities and real
estate markets, and perceptions of these conditions that decrease
the level of disposable income of consumers or consumer confidence;
breaches in data security or other disturbances to our information
technology and other networks or our actual or perceived failure to
comply with requirements regarding data privacy and protection;
changes in fuel prices and the type of fuel we are permitted to use
and/or other cruise operating costs; mechanical malfunctions and
repairs, delays in our shipbuilding program, maintenance and
refurbishments and the consolidation of qualified shipyard
facilities; the risks and increased costs associated with operating
internationally; our inability to recruit or retain qualified
personnel or the loss of key personnel or employee relations
issues; our inability to obtain adequate insurance coverage;
pending or threatened litigation, investigations and enforcement
actions; any further impairment of our trademarks, trade names or
goodwill; volatility and disruptions in the global credit and
financial markets, which may adversely affect our ability to borrow
and could increase our counterparty credit risks, including those
under our credit facilities, derivatives, contingent obligations,
insurance contracts and new ship progress payment guarantees; our
reliance on third parties to provide hotel management services for
certain ships and certain other services; fluctuations in foreign
currency exchange rates; our expansion into new markets and
investments in new markets and land-based destination projects;
overcapacity in key markets or globally; and other factors set
forth under “Risk Factors” in our most recently filed Annual Report
on Form 10-K, Quarterly Report on Form 10-Q and subsequent filings
with the Securities and Exchange Commission. Additionally, many of
these risks and uncertainties are currently amplified by and will
continue to be amplified by, or in the future may be amplified by,
the COVID-19 pandemic, Russia’s invasion of Ukraine and the impact
of general macroeconomic conditions. It is not possible to predict
or identify all such risks. There may be additional risks that we
consider immaterial or which are unknown. The above examples are
not exhaustive and new risks emerge from time to time. Such
forward-looking statements are based on our current beliefs,
assumptions, expectations, estimates and projections regarding our
present and future business strategies and the environment in which
we expect to operate in the future. These forward-looking
statements speak only as of the date made. We expressly disclaim
any obligation or undertaking to release publicly any updates or
revisions to any forward-looking statement to reflect any change in
our expectations with regard thereto or any change of events,
conditions or circumstances on which any such statement was based,
except as required by law.
Investor Relations & Media Contact
Jessica John(305)
468-2339InvestorRelations@nclcorp.comNCLHMedia@nclcorp.com
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