Core Insights - Princess Cruises celebrated the New Year by unveiling its "Together in the Magic of Alaska" float at the 137th Rose Parade, highlighting the debut of its newest ship, Star Princess, for the 2026 Alaska season [1][7] Company Overview - Princess Cruises is recognized as the 1 cruise line in Alaska, with the 2026 season being its largest ever, featuring eight ships, 180 departures, and 19 destinations [7] - The Star Princess is a 177,800-ton vessel designed to accommodate 4,300 guests, showcasing advanced features such as The Dome and a sphere-shaped Piazza [6] Float Design and Features - The float, designed by Artistic Entertainment Services, is approximately 55 feet long and 21 feet high, adorned with over 300,000 flowers and natural materials, depicting Alaska's wildlife and scenery [3][2] - Floral elements include Blue Tweedia, representing Alaska's state flower, and various other authentic Alaskan florals, creating a lush representation of the state's natural beauty [5][2] Thematic Elements - The float's theme, "The Magic in Teamwork," reflects the dedication of Princess Cruises' 25,000 crew members who contribute to delivering exceptional travel experiences [4] - Performers danced to a reimagined version of "The Love Boat" theme song, connecting the float to the brand's legacy and its role in popularizing cruise vacations [5]

Core Insights - Norwegian Cruise Line (NCL) announced its winter 2027/28 deployment featuring over 370 voyages across nearly 50 countries, including two Prima Class ships homeporting in San Juan, Puerto Rico [1][5] - The return of the Free at Sea Plus package offers guests additional unlimited perks such as premium drinks, streaming Wi-Fi, and Starbucks [1][16] Deployment Details - From September 2027 to April 2028, itineraries will range from two to 22 days, visiting 144 unique destinations across 47 countries, with a focus on the Bahamas, Caribbean, Bermuda, Mexican Riviera, Asia, Australia, and New Zealand [3] - The deployment includes an average port time of 9.5 hours, 71 late departures across 31 ports, and 70 overnight stays, enhancing the travel experience [3] Itinerary Highlights - Norwegian Prima and Norwegian Viva will offer distinct week-long itineraries in the Southern Caribbean from San Juan, featuring stops at popular destinations like Tortola, St. Maarten, and Barbados [5] - Florida homeports will provide diverse itineraries to the Bahamas, Caribbean, and Panama Canal, with upgrades at NCL's private destination, Great Stirrup Cay [6][8] Unique Offerings - Norwegian Spirit will operate extended voyages in Australia and New Zealand, with itineraries ranging from eight to 21 days, including overnight stays in major cities [15] - Culturally enriching itineraries will be available across Japan and Southeast Asia, featuring multiple ports and overnight stays in cities like Kobe and Hong Kong [14] Enhanced Guest Experience - The Free at Sea Plus program enhances the existing Free at Sea package, offering unlimited Starbucks, streaming Wi-Fi, and discounts on specialty dining for $49.99 per person per day [16] - The program aims to provide guests with a seamless cruise experience, allowing for greater relaxation and enjoyment [16]

Core Viewpoint - Royal Caribbean reported mixed Q3 2025 results, with adjusted earnings exceeding estimates while revenues fell short, indicating a complex financial landscape for the company [2][3]. Financial Performance - Adjusted earnings per share (EPS) for Q3 2025 were $5.75, surpassing the Zacks Consensus Estimate of $5.68, and up from $5.20 in the prior-year quarter [3]. - Quarterly revenues reached $5.14 billion, missing the consensus estimate of $5.17 billion but reflecting a 5.2% year-over-year increase from $4.88 billion [3]. Revenue Breakdown - Passenger ticket revenues amounted to $3.64 billion, an increase from $3.47 billion in the prior-year quarter, slightly below the estimate of $3.65 billion [4]. - Onboard and other revenues rose to $1.5 billion from $1.41 billion year-over-year, aligning with the estimate [4]. Cost and Yield Analysis - Total cruise operating expenses were $2.48 billion, a 3.7% increase year-over-year, exceeding the estimate of $2.35 billion [5]. - Net yields increased by 2.4% on a constant currency basis and 2.8% on a reported basis compared to Q3 2024 [5]. Financial Position - As of September 30, 2025, cash and cash equivalents stood at $432 million, up from $388 million at the end of 2024 [6]. - Long-term debt decreased to $17.2 billion from $18.47 billion at the end of 2024, while the current portion of long-term debt rose to $3 billion from $1.6 billion [6]. Booking Trends - Royal Caribbean is experiencing strong booking momentum, with load factors for 2025 and 2026 at record levels, driven by robust demand for close-in sailings [7]. - Bookings for 2026 are significantly above prior-year levels, indicating strong rate growth [7]. Future Outlook - For Q4 2025, the company anticipates depreciation and amortization expenses between $445-$455 million and net interest expenses between $245 million and $255 million [10]. - Adjusted EPS for Q4 is projected to be in the range of $2.74-$2.79 [10]. - For 2025, adjusted EPS is expected to be between $15.58 and $15.63, an increase from previous expectations [12]. Estimate Trends - Recent trends indicate a downward revision in estimates for the stock, suggesting a cautious outlook [13][15].

Core Points - Princess Cruises will debut its new ship, Star Princess, during the 2026 Rose Parade, showcasing a floral float that represents the beauty of Alaska [1][2][3] - The float will feature Alaskan wildlife and landscapes, crafted from over 300,000 flowers and natural materials, highlighting the cruise line's commitment to showcasing Alaska's natural beauty [7][9] - The 2026 Alaska season will be the largest in Princess Cruises' history, featuring eight ships, 180 departures, and 19 destinations, with Star Princess offering weekly seven-day Inside Passage cruises [9] Group 1: Float Design and Features - The float will include elements such as glaciers, bald eagles, humpback whales, and bears, all designed to reflect the Alaskan environment [2][5] - It will measure approximately 55 feet long and 21 feet high, with animated features that bring Alaskan wildlife to life [7][8] - The design is inspired by Alaska's coastlines and breathtaking scenery, aiming to create a sense of wonder and realism [7][8] Group 2: Marketing and Community Engagement - The float is aligned with the Rose Parade theme "The Magic in Teamwork," honoring both the Princess crew and local Alaskans who enhance the cruise experience [3][7] - Princess Cruises aims to inspire travel and connect guests to memorable destinations, embodying the spirit of community and creativity celebrated by the Rose Parade [7] Group 3: Audience and Impact - The Rose Parade attracts approximately 800,000 spectators along its route and over 28 million television viewers in the U.S., providing significant exposure for Princess Cruises [6] - The event serves as a platform to introduce the concept of cruise vacations to a broad audience, continuing the legacy of "The Love Boat" [4][6]

Core Insights - Princess Cruises has launched its newest Sphere-Class ship, Star Princess, which is embarking on its inaugural voyage from Barcelona, marking a significant addition to the fleet [1][2] Ship Features - Star Princess is a 177,800-ton vessel with a capacity for 4,300 guests, featuring 30 dining and bar venues, luxurious accommodations, and elevated entertainment options [2][5] - The ship includes over 1,500 balcony staterooms, providing guests with panoramic views and exclusive amenities [5][8] Inaugural Voyage Details - The inaugural 11-day Western Mediterranean voyage runs from October 4 to October 15, 2025, with stops in Marseille, Rome, Naples, Sicily, Cartagena, and Gibraltar before returning to Barcelona [6] - Following the Mediterranean voyage, Star Princess will sail a transatlantic route before debuting in Fort Lauderdale for its Caribbean season and official naming ceremony on November 6, 2025 [6] Entertainment Offerings - New entertainment highlights include the return of the acclaimed show "Spellbound," original theatrical productions "Meridian" and "Illuminate," and a vibrant array of deck parties and themed events [7][4] - The ship features a new Candlelight Concert Series in the glass-enclosed Dome, enhancing the onboard entertainment experience [7] Culinary Experience - Guests can choose from 30 dining venues, including an expanded O'Malley's Irish Pub and a specialty dining space by artist Romero Britto, offering a diverse culinary experience [12] - The Love Line Premium Liquor Collection features curated wines and spirits from renowned celebrities, enhancing the onboard beverage offerings [12] Wellness and Recreation - Star Princess offers wellness options such as a two-story Lotus Spa, a fitness center, and a new sports court for activities like pickleball and basketball [12]

Core Insights - Princess Cruises has announced 13 new shore excursions in Mexico, enhancing its offerings for the 2025-2026 sailing season, including a special wine tasting experience exclusive to Princess guests [1][2][3] New Shore Excursions - The new excursions cover destinations such as Cabo San Lucas, La Paz, Manzanillo, Mazatlán, and Puerto Vallarta, with a total of 31 departures scheduled for the upcoming season [2][3] - The Todos Santos Wine Experience in Cabo San Lucas features a guided tour of Viñedo Las Tinajas, including wine tastings and a visit to Todos Santos [4] - Other excursions include a transparent boat adventure at Land's End, a cultural tour in Todos Santos, and various beach and culinary experiences across the different locations [5][6][7][8][9][10][11][12][13][14][15][16] Promotional Offer - A limited-time promotion offers up to 20% savings on select shore excursions booked between September 10-16, 2025, applicable to Mexico voyages through April 2026 [3]

Core Insights - Norwegian Cruise Line (NCL) officially christened its newest ship, Norwegian Aqua, in Miami, marking a significant milestone for the company [1][3][4] - NCL announced plans to enhance its private island, Great Stirrup Cay, with new experiences set to debut in the fourth quarter of 2025, focusing on relaxation and family activities [1][6][8] Ship Details - Norwegian Aqua is the first ship in the Prima Plus Class, measuring 1,056 feet long and weighing 156,300 gross tons, accommodating 3,571 guests at double occupancy [15] - The ship features the world's first hybrid roller coaster and waterslide, named the Aqua Slidecoaster, along with various entertainment options and spacious accommodations [16][17] Great Stirrup Cay Enhancements - The island will see the introduction of an expansive pool area, a kids splash zone, and a swim-up bar, enhancing the family-friendly experience [6][7] - Additional amenities will include a new Vibe Beach Club for adults, Horizon Park for recreational activities, and a relaxation area with hammocks [7][8] Event Highlights - The christening ceremony was attended by over 2,000 guests and included performances and remarks from key NCL executives [3][6][9] - Eric Stonestreet, the godfather of Norwegian Aqua, emphasized the ship's unique features and the overall guest experience [10][9] Future Itineraries - Following its christening, Norwegian Aqua will operate seven-day Eastern Caribbean sailings from Port Canaveral, Florida, with stops at various destinations including Great Stirrup Cay [11] Value Offerings - NCL introduced the "More At Sea" program, providing guests with unlimited open bar, specialty dining credits, and other benefits, enhancing the overall value of cruising with NCL [12][19]