NCLH · 10-Q · 2026Q3 · Full report

Market Demand Trends

Norwegian Cruise Line Holdings Ltd. · 2026-10-29 · Importance 26 · Surprise 24

The booked position for the next 12 months improved modestly but remains below the Company’s optimal range. For 2027, pricing is ahead of the year-earlier level, while bookings remain below the prior-year position for the first half and are in line for the second half. The expanded offering at Great Stirrup Cay, including the recently opened Great Tides Waterpark, and planned improvements to marketing and revenue management—including base-loading across 2027 and 2028 sailings—are intended to support stronger demand and a healthier booking curve.

Key facts

• For the three months ended September 30, 2026, the Company carried 983,214 passengers, compared with 803,268 in 2025; occupancy was 106.5%, compared with 106.4%. source
• For 2027, pricing was ahead of the same time last year; booked position was below the comparable prior-year position for the first half and in line for the second half. source
• The Company’s booked position for the next 12 months improved modestly but remained below its optimal range. source