Lind­blad book­ings boom

Cruise Weekly - - NEWS -

LIND­BLAD Ex­pe­di­tions says it is ex­pe­ri­enc­ing strong con­di­tions, with 2017 book­ings up more than 30% year-on-year.

The com­pany re­ported its re­sults for the three months to 30 Sep yes­ter­day, with rev­enues up 20% to US$84.6m & quar­terly net in­come jump­ing 25% to $9.3m.

CEO Sven-Olof Lind­blad said the com­pany’s “strate­gic in­vest­ment to ex­pand our ca­pac­ity to cap­i­talise on the rapidly grow­ing de­mand for ex­pe­di­tion travel has be­gun to de­liver sig­nif­i­cant re­turns” for Lind­blad.

He said the pe­riod had been marked by strong book­ings for its first new-build ves­sel, the Na­tional Ge­o­graphic Quest (pic­tured) launched in Jul, as well as main­tain­ing high oc­cu­pancy lev­els across the ex­ist­ing fleet.

Higher ticket prices saw yield in­crease, while oc­cu­pancy of 91% was in line with the same pe­riod a year ago, the com­pany said.

The re­sult would have been even bet­ter if the com­pany hadn’t been forced to can­cel four “highly booked voy­ages” on the new Na­tional Ge­o­graphic Quest due to a de­lay in its launch.

Lind­blad is ex­pect­ing full year rev­enues of up to US$270m and ad­justed earn­ings up to US$44m.

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