Norwegian Continues to Take Yield as Products Resonate With Customers; Shares Undervalued
On top of narrow-moat Royal Caribbean’s reassurance last week that the booking environment remains healthy, narrow-moat Norwegian reinforced the sentiment, noting that global demand was still rising and that both 2019 occupancy and pricing were ahead of 2018 levels across its entire portfolio of brands. As evidence, it cited a 32% increase in booking in the opening of accommodations for Seven Seas Splendor (set to launch in 2020), and 50% of the Seven Seas/Oceania deployment booked for 2019, inf...
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