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20 of the best Norwegian fjords cruises

Norway is a place of staggering natural beauty, from fjords and snow-capped peaks to the northern lights. these are the voyages and cruise lines that showcase them best.

best norwegian fjords cruise from uk 2023

N orway has the world’s largest concentration of fjords — as well some of the biggest and deepest. These natural marvels were carved out when Ice Age glaciers retreated and created an awe-inspiring contrast of snowy mountain peaks and sheer rock faces plunging into clear azure waters. Norway is also prime territory to spy the northern lights dancing across the polar sky and, come summer, experience the round-the-clock daylight of the midnight sun. Accommodation and food is pricey here, so a holiday afloat will keep costs down and you’ve got plenty of cruise lines to choose from. Here are some of the best.

Main photo: cruising on Geiranger Fjord (Alamy)

The hot tub on Hurtigruten’s MS Nordnorge

1. Hurtigruten

Hurtigruten is a pioneer of cruising the Norwegian fjords. Its history goes back to 1893 when the company was founded to provide a daily passenger service for locals and deliver freight to inaccessible towns and villages along the length of the coast. These days the 11-night original route, from Bergen to Kirkenes, is available on passenger vessels, with the voyage passing about 100 fjords with 34 stops along the way. Ships hug the coastline so there’s always something to see and, on selected sailings, Hurtigruten’s northern lights promise means you get another sailing for free if the aurora borealis don’t put on a show.

Best suited to 14+ Price ££ Family-friendly N

hurtigruten.co.uk

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Saga’s Spirit of Adventure

2. Saga Cruises

Saga’s two 999-passenger ships, Spirit of Adventure and Spirit of Discovery, get brownie points for their size; they’re small enough to dock at towns and quays that larger vessels simply can’t reach. The adult-only line’s fjords cruises include overnight stays in towns such as Flam and Geiranger, providing plenty of time for excursions — one being a trip on the Flamsbana Railway, which is one of the steepest in the world. Dedicated northern lights sailings visit at peak time and shore tours seek out viewing spots that provide the best chance of seeing them.

Best suited to 50+ Price ££ Family-friendly N

travel.saga.co.uk

Reine and Hamnoy in Norway (Getty)

The all-inclusive line Scenic is launching its second ocean ship, Scenic Eclipse II, to join its original namesake vessel Scenic Eclipse. The 228-passenger vessels combine all the trappings of luxury with the thrill of expedition sailing in Norway. Soar above cascading waterfalls in one of the two onboard helicopters or dip underwater to get a different perspective of the fjords from the Scenic Neptune submarine, which can carry six passengers and dive to depths of nearly 300m (1,000ft). Back on the ship, chill out in the champagne bar or back in your spacious suite — some have private hot tubs.

Best suited to 18+ Price £££ Family-friendly N

scenic.co.uk

Fred Olsen’s Balmoral in Olden

4. Fred Olsen Cruise Lines

This line is a natural choice for a fjords itinerary just as it was in 1848 when the Olsen family started sailing commercial ships in their homeland. The Olsen Art Studio has been introduced on the latest ships in the fleet, Borealis and Bolette, and they’re used for classes such as painting the northern lights. Fred Olsen’s smaller ships are perfectly proportioned for navigating the narrow waterways, and passengers can get even closer to the scenery with an exhilarating ride on the inflatable RIB boats, now carried on all of its vessels.

A Viking cruise at the Seven Sisters waterfall in Geirangerfjord

As its name suggests, this is another line with a Scandinavian pedigree. Viking’s carefully curated Norway cruises feature longer port calls and overnight stays that take advantage of the midnight sun in summertime and northern lights-spotting opportunities in winter. The fleet of near-identical adult-only ships all feature a Mamsen’s restaurant, named in honour of owner Tor Hagen’s mother. The 14-night Iceland & Norway’s Arctic Explorer itinerary crosses the Arctic Circle to visit the far north.

Best suited to 18+ Price ££ Family-friendly N

vikingcruises.co.uk

Cruising at Geirangerfjord (Getty Images)

6. Holland America Line

The Unesco-listed landscape of Geirangerfjord is lined with dramatic waterfalls and it winds for nine miles, plunging to depths of 500m (1,640ft). You can see it in style from the decks or balconies on Holland America Line’s new music-themed, 2,668-passenger flagship Rotterdam — the seventh vessel to bear the historic name for Holland America — with itineraries that include midnight sun sailings. Shore trips include Eidfjord, with the chance to go kayaking or sit back and enjoy a scenic drive to a cider and apple brandy factory.

Best suited to 16+ Price ££ Family-friendly Y

hollandamerica.com

Preikestolen or Pulpit Rock in Lysefjord (Alamy)

7. Windstar Cruises

After a bow-to-stern renovation on Windstar’s all-suite 312-guest Star Legend, passengers can now glide through the fjords in refined comfort. Kayaking, biking, walking and small-boat excursions are among the options to fill your lungs with fresh Norwegian air. View one of the country’s most famous landmarks, Preikestolen or Pulpit Rock, on an RIB excursion along the Lysefjord. Look out for sea eagles, seals or porpoises before gazing at the vertiginous rock that projects out from the rock face 600m (1,969ft) above the fjord.

Best suited to 21+ Price £££ Family-friendly N

windstarcruises.com

Colourful old houses in Nordnes, Bergen (Getty Images)

8. National Geographic Expeditions

This cruise line gives you the chance to join a National Geographic photographer and get tips on taking the best snaps on shore tours and in the onboard photo workshop. Begin by focusing on the Crayola-coloured wooden houses in Bergen — the starting point for sailings that follow the fjords to Tromso on the 126-passenger Endurance, the first polar-class new-build ship in the company’s history, or Resolution. Cruises are operated in partnership with the experienced small-ship specialist Lindblad Expeditions.

Best suited to 40+ Price £££ Family-friendly N

nationalgeographic.com

The Troldsalen concert hall (Alamy)

Upmarket Cunard is renowned for cultural immersion. Expect shore excursions in Bergen to include a visit to the former home of the composer Edvard Grieg with a concert in the unusual, turf-covered Troldsalen concert hall. Sailings are available on Queen Victoria and Queen Mary 2, including a week-long Southampton round-trip fjords itinerary. Cruises follow Viking trading routes along the 1,300m (4,300ft)-deep Sogneford — dubbed King of the Fjords because it’s the largest and deepest in Norway.

Best suited to 12+ Price £££ Family-friendly Y

Discover Stavanger on a P&O cruise (Alamy)

10. P&O Cruises

Sail from Southampton on a choice of four P&O ships, including the 5,200-passenger Iona which is one of the largest cruise ships built specifically for UK cruisers. Families and multi-generational groups can opt for a school holiday cruise and there are also sailings on the line’s adult-only vessels Arcadia and Aurora. Scenic sailing is combined with plenty of opportunities to go ashore with stops including pretty Stavanger, the gateway to the fjords.

Best suited to six months+ Price ££ Family-friendly Y

A suite on Ambition

11. Ambassador Cruise Line

The newest British cruise line in more than a decade provides a great-value cruise experience on the 1,400-passenger Ambience with a second ship, the 1,200-passenger Ambition, joining the fleet in 2023. You can enjoy cruises to the Norwegian fjords with no-fly sailings from Tilbury. These cruises are primarily aimed at the mature market, though you can expect the addition of special multi-generational cruises to Norway during the summer holidays.

Best suited to 50+ Price £ Family-friendly N

ambassadorcruiseline.com

Seabourn Ovation

12. Seabourn

This is another line with a Norwegian heritage and specialises in ultra-luxury cruising on its fleet of small ships. The 600-passenger Seabourn Ovation offers a range of Norwegian itineraries including the epic 25-night Iceland, North Cape & Majestic Fjords sailing. The Ventures by Seabourn programme provides exciting excursions such as an exhilarating Zodiac boat trip to Storstappen Islands, home to thousands of puffins, snowshoeing, ice fishing, dog and reindeer sledding.

Best suited to 21+ Price £££ Family-friendly N seabourn.com

Sky Princess (Alamy)

13. Princess Cruises

Princess has round-trip sailings from Southampton on its cruise ships Sky Princess and Island Princess, with a range of quirky excursions. Our favourite? The chance to take a leisurely walk with llamas through fjord meadows. You’ll wander from the hamlet of Skjolden and follow trails set against a backdrop of some of the highest peaks in Europe. For something more conventional, there’s a stroll around Unesco-world heritage Bryggen, a medieval port founded by wealthy merchants and lined with paintbox-coloured wooden buildings.

Stones shaped by waves, known as kannesteinen, in Maloy (Alamy)

14. Norwegian Cruise Line

Norwegian’s latest vessel is a Prima Class ship carrying 3,215 passengers. Features include infinity pools and a glass-walled sauna in the outdoor spa — the perfect hot spot to watch the cool passing scenery. It will sail to Norway and its 2023 itineraries will also feature sailings from Southampton. Stops are set to include the coastal village of Maloy, a mile-long silver sand beach that’s considered one of the most stirring places in Norway to brave a bracing plunge.

Best suited to 6 months+ Price ££ Family-friendly Y

Mount Eggenipa mirrored in Lake Bergheimsvatnet, Nordfjord (Alamy)

15. Celebrity Cruises

Get a unique panoramic view of the fjords from the 2,900-passenger Celebrity Apex. An innovative feature on this ship is the Magic Carpet, a glass-sided cantilevered platform projecting from the side of the vessel that can be raised up and down between different decks and is variously used as a bar and restaurant. Alternatively, sail out of Southampton on round-trip Norwegian cruises on Celebrity Silhouette. Both vessels feature The Retreat, an exclusive area for suite passengers, with its own sun deck, restaurant and lounge.

Best suited to 3+ Price ££ Family-friendly Y

A Havila ship in the Lofoten Islands

Havila mirrors Hurtigruten and carries cruise passengers and locals between Bergen and Kirkenes on eco-friendly ships that can sail for up to four hours on battery power. There is a big accent on Norwegian cuisine and dishes on the menu change every couple of days to reflect the destinations being visited — they even include tasting-sized plates so you can try a bit of everything. If you don’t see the northern lights on sailings from October 1 to March 31 you’ll get another cruise free of charge.

www.havilavoyages.com

You’ll travel to this part of the world in style with the French line Ponant. Norwegian voyages feature a selection of no-fly cruises from Scotland and some sailings are run in partnership with Smithsonian Journeys, the travel offshoot of the renowned Smithsonian Institution. These cruises are specifically tailored for English-speaking passengers and include talks and discussions with world-class experts, plus a shore excursion or activity in each port of call that reflects the local environment and culture. New itineraries include the ten-night Nordic Discoveries & Traditions sailing and gastronomy-themed cruises.

Best suited to 3+ Price £££ Family-friendly Y

uk.ponant.com

Cycling in Tromso

18. MSC Cruises

MSC’s bright and blingy cruise ships provide a perfect floating home for families, couples and friends looking for a fun-filled holiday while enjoying some of the world’s most striking natural landscapes. The wide age range of MSC passengers means there are plenty of shore tours to pick from which span leisurely walking tours to exciting activities such as e-biking in Tromso, exploring Bergen on a Segway and stand up paddle boarding in Alesund. MSC offers the flexibility of being able to join cruises at ports located across Norway or sailing from Southampton.

Best suited to 6 months+ Price £ Family-friendly Y

The Astern Lounge on Explora I

19. Explora Journeys

Explora Journeys, which is a luxury offshoot of the MSC Group, makes its debut in July 2023. The maiden voyage of the 922-passenger Explora 1, which will be followed by second ship Explora II in 2024, is a sailing from Southampton to the Norwegian fjords with other trips to the region during the inaugural season. Itineraries feature longer stays and overnights in ports to provide passengers with more time to explore ashore. An extensive choice of excursions ranges from energetic hiking, kayaking and horse riding treks to thrilling helicopter rides over the fjords and coastline.

explorajourneys.com

20. Swan Hellenic

The Swan Hellenic name was revived in 2020, marking the return of the 70-year-old discovery cruise brand under new ownership and with new ships. Launching in April 2023 is the line’s third boutique expedition vessel, SH Diana, which carries 192 passengers and has an ice-strengthened hull to explore some of the world’s most remote regions. Multiple observation points provide you with the best views of the Norwegian scenery. The ship has a hybrid engine to allow for silent sailing through the fjords such as the Trollfjorden with the chance to spot white-tailed eagles soaring overhead.

Best suited to 21+ Price ££ Family-friendly N

swanhellenic.com

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Norwegian Fjords

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Norway and the fjords that dot this magnificent Scandinavian coastline truly are an unforgettable sight. The breath-taking views that you will experience while you wind your way through snow-capped mountains will prepare you for what you will see as you reach remote picturesque villages. The endless summer sunshine provides you with every opportunity to take in the indescribable surroundings. Some cruises venture as far as the North Cape and Honningsvagg and from there only the Svalbard Islands stand between you and the North Pole.

Capture your opportunity to witness the Northern Lights in the Land of the Midnight Sun. Alta is home to the world's first Northern Light observatory, earning the city the title 'Town of the Northern Lights', so you could be no better placed to see this spectacular natural phenomenon if luck is on your side.

Bergen is called the "Gateway to the Fjords," as it is a great launching point for a tour of nature's Hardangerfjord, Sognefjord and Geirangerfjord. This city has a wonderful mix of architectural styles that add to its 18th-century charm.

Lying at the head of Aurlandsfjord, the small village of Flaam is surrounded by snow-capped mountains, isolated farmsteads and waterfalls. Flaam also boasts the extraordinary Flaamsbanen. One of the most dramatic train rides in Europe, the Flaamsbanen takes an hour to cover 12 miles, hugging cliffs, plunging through tunnels and pausing for its passengers to admire the views as it ascends the Flaam Valley to a desolate mountain plateau.

Geiranger is one of the most loved fjords due to the dramatic views it offers -  of the sheer cliffs from the sea and of the picturesque town from a number ofhigh vantage points. Nearby Loen is another breathtaking spot, where the Skylift can take you amove the mist and clouds to another world.

Tromso is the most northern of Norway's rugged islands; Tromso possesses the true wonders of the polar environment: glistening glacial ridges, the icy clear waters of Lake Prestvatn, even windswept valleys where reindeer roam free. Amidst the beauty, there is fascinating history to be found as well, from ancient northern settlements to signs of sacrificial sites and cults that pre-date Christianity.

Whether you arrive on board a cruise ship or choose a land tour of the Norwegian Fjords, adventures await at every turn. You can raise the heart rate with a husky sled experience or RIB ride, or take things easy with an authentic fishing trip or glacier walk.

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Colourful houses on the River Nid in the Norwegian port town of Trondheim

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Experience Norway’s spectacular fjords with Norwegian Cruise Line.

On your cruise to Norway, explore a fairytale landscape of cascading waterfalls, lush forests and rugged mountains that seemingly slide into the sea. From fly fishing and kayaking to hiking and more, this country truly is an outdoor playground with a diverse lineup of activities. Tour picturesque villages, including Geiranger , and vibrant cities like Olso where you can dive into Viking history, savour local cuisine and enjoy a glimpse of local culture set against a spectacular natural backdrop - all on one unforgettable cruise holiday.

About NORWEGIAN FJORDS CRUISES

Norwegian Fjords Cruises with Norwegian

Unpack Once and Experience the Best of Norway

Enjoy front-row seats to incredible vistas whilst cruising Norway's dramatic fjords. Serene waters, rugged cliffs rising from the sea and unlimited outdoor adventures await your discovery. View Europe's largest mainland glacier in Jostedalsbreen National Park, located outside Måløy. Enjoy a boating tour of Hardangerfjord - one of the world's longest fjords - and hike through lush forests to towering waterfalls.

Cruise from Bangkok , Hong Kong or Singapore and immerse yourself in the natural beauty, dramatic history and rich cultures of Southeast Asia on a once-in-a-lifetime vacation. In Phuket , visit historic Buddhist temples or splash the day away on some of Thailand’s most spectacular beaches. At the Samui Elephant Sanctuary on the island of Ko Samui , learn about these incredible animals during close-up encounters. Explore traditional kampung  (villages) in Langkawi or journey inland and hike among waterfalls and hot springs.

Norwegian Fjords Cruises - Viking History & Culture

Dive Deeper into the Country's History and Culture

Famous for its stunning art nouveau architecture, Ålesund stretches across seven islands and is surrounded by natural beauty. Tour the city's historical churches and unique architecture or reel in a grand adventure in what is considered Norway's fishing capital. Then in Oslo, explore the city's historic roots with a visit to the Viking Ships Museum which includes three well-preserved Viking-era burial ships.

Enjoy front-row seats to incredible vistas while cruising Norway’s dramatic fjords. Serene waters, rugged cliffs rising from the sea, and unlimited outdoor adventures await your discovery. View Europe’s largest mainland glacier in Jostedalsbreen National Park, located outside Måløy. Enjoy a boating tour of Hardangerfjord — one of the world’s longest fjords — and hike through lush forests to towering waterfalls.

Remarkable Port Cities Cruises to Norwegian Fjords

Cruises to Kristiansand, Norway

Kristiansand, Norway

Cruises to Geiranger, Norway

Geiranger, Norway

Cruises to Bergen, Norway

Bergen, Norway

Cruises to Oslo, Norway

Oslo, Norway

Delightful shore excursions on norwegian fjords cruises.

Delightful Shore Excursions in Norway

Discover More of Norway with a Shore Excursion

Uncover the awe-inspiring natural beauty of Norway's fjords or journey into the region's dramatic past whilst exploring Viking history on a shore excursion with Norwegian.

Uncover Hidden Gems On A Norwegian Fjords Cruise

Alesund, Norway

Alesund, Norway

Cruise to Alesund, one of Norway's most beautiful towns, renowned for its Jugend-style architecture and art nouveau style.

Bruges, Belgium

Bruges, Belgium

The ultimate European city, Brussels has tonnes of museums, fountains, gardens and great shopping.

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Cruise to Norwegian Fjords FROM COPENHAGEN

Cruise to Norway from Copenhagen

Before embarking on your fjords cruise, experience all Copenhagen has to offer. With 250 miles of bike lanes, the city is ideal for touring and riding alongside its peaceful canals. Stroll along one of Europe's longest pedestrian-only shopping avenues, Strøget. Then visit some of Copenhagen’s historic sites including the 17th century Rosenborg Castle.

We’ve revamped everything from the carpets to the chandeliers and created brand new places and spaces in one of our most extensive ship renovation yet. Unwind in luxury and enjoy the breathtaking views from your spacious balcony in the new, exquisitely finished Haven Deluxe Owner’s Suites. The brand-new Pit Stop, a 1950’s American bar, takes you back to the era when classic cars sported chrome finishes. And dance the night away at Bliss Ultra Lounge, the newest hot spot on the club scene. Come aboard the newly polished Norwegian Jewel and see what makes her shine.

Cruise to South Pacific Norwegian Jewel

We’ve revamped everything from the carpets to the chandeliers and created brand new places and spaces in one of our most extensive ship renovations yet. Unwind in luxury and enjoy the breathtaking views from your spacious balcony in the new, magnificently refinished staterooms. Savor every bite at six new restaurants, including the addition of our fine Italian outlet, Onda by Scarpetta. And dance the night away at Bliss Ultra Lounge, the newest hot spot on the club scene. Come aboard the exquisitely updated Norwegian Spirit, completely reimagined from the outside in.

Cruise to the South Pacific on Norwegian Spirit

Explore Our Norwegian Fjords CRUISE ITINERARIES

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Aurora Borealis Activity, Norway

SEE THE CELESTIAL SKIES

Norway cruises.

Explore Viking Age history and jaw-dropping fjords.

In Norway, you'll admire everything from the deep blue fjords to the snow-capped mountain peaks. Cruise to Norway and head to the inner end of the stunning Aurlandsfjorden to join a fairy tale ride along the Flam Railway, one of the steepest railway tracks in the world. In Honningsvag, situated above the Arctic Circle, admire the views across the sea to the Svalbard Islands and the North Pole, and watch the indigenous Sami people herd raucous reindeer through the area. Stroll through Bergen's Bryggen neighbourhood, with its medieval cobblestone alleyways and colourfully painted houses or go shopping in the small boutiques that offer handmade Sami crafts. Whether you're looking to feast on traditional Nordic king crab or hoping to see the massive glacial walls of the Svalbard Islands, you can do it all in this northern paradise.

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Beautiful Snow Covered Mountains, Norway

WELCOME TO THE ICE AGE

Set off for the north to see the sparsely populated, mountainous country of Norway. Among the thousands of pristine lakes, isolated islands and stunning fjords, you'll feel like you've stepped back into the Ice Age. 

Norway, Stavanger Majestic Cliff

THE JEWELS OF THE NORTH

Norway is famous for its fjords, the narrow, steep-sided inlets formed by retreating glaciers at the end of the Ice Age. Head to Geiranger to see Europe's highest fjord, or explore Molde's 12-mile fjord that winds through the archipelago. No matter how you choose to ford the fjords, you'll see why Norway is known for these natural wonders.

Norway, Bergen Local Fishmarket

SAVOUR THE SEA

Different parts of Norway offer unique specialities and tasty delicacies. Most dishes include fish and seafood straight from the sea, but you can head to Naboen Pub and Restaurant in Bergen or Dovrehallen in  Oslo  for meat dishes featuring mutton, beef or reindeer. Try pancakes stuffed with bacon, sour cream and lingonberry jam, or warm up with a creamy fish soup.

Norway Dalsnibba Mountain Plateau

HIGH-UP HIDEAWAYS

In Norway, you're never far from the natural world. Cruise to Norway to hike or bike the many trails of  Molde to see views of 222 mountain peaks, or trek along the  Geiranger Skywalk  to see aerial views of glaciers below. In Stavanger, hike up the well-marked paths to the impressive cliff of Prekestol, or simply enjoy the tranquillity and quietness of  Flam Valley .

Norway, Bergen Historical Buildings

ANCIENT HISTORY, MODERN CHARM

From the old city quarters to the modern architecture, Norwegian towns off wonderful sights. Take a stroll to Oslo's Opera House for a view of its striking design, or shop for trendy  Scandinavian  souvenirs in the streets of Bergen. You'll be in heaven no matter where you go with Norway cruises. 

Norway, Bergen Historical Town

GAMBLE ON GAMLEBYEN

Explore the remains of medieval Oslo in Gamlebyen (Old Town), and admire the charming wooden houses. In Bergen, wander alongside the wharf and through the narrow alleyways of Bryggen, the oldest part of Bergen founded in 1070. Here you'll walk amongst colourful UNESCO-listed wooden buildings, preserved or rebuilt in their original mediaeval style.

Norway, Kristiansand Cannons at Fort Marina

PIRATES AHEAD

Travel to the southern city of  Kristiansand  to visit the picturesque Christiansholm Fortress, built in the 17th century on the seaside promenade in the city centre. Walk along five-metre-thick walls, built to protect the city from pirate assaults. In Oslo, don't miss the Akerhus Castle and Fortress built in 1299, which has also functioned as a royal residence and a prison. You'll find history everywhere you look during your Norway holiday.

Norwegian Rosemaling Flower Art

SCANDINAVIAN SOUVENIRS

In Norway's larger cities, like Oslo and Bergen, you can go shopping in big shopping centres and department stores, but there are also many small boutiques, antique shops and markets all throughout the country. The small trendy design stores are stocked with gifts and souvenirs like Norwegian brown cheese or knitted jumpers. In the smaller towns, you'll often find unique shops with handmade crafts like Viking drinking horns.

Norway Tromso Winter

THERE'S NOR-WAY YOU'LL WANT TO MISS THIS

Enjoy the impressive views of the steep mountainsides, flowing waterfalls and narrow valleys of the Norwegian countryside. Immerse yourself in the local culture by admiring the colourful wooden houses and medieval ruins and indulging in the fresh regional cuisine. When you visit Norway, you'll find like you've entered a whole new world.

Norway, Aurlands Fjorden

FJORD FOR DAYS

Originally a Norwegian word describing a narrow inlet formed within a glacial valley, the term 'fjord' has since gone international. Norway is home to no less than 1,000 fjords, so be sure to check out the country via these winding waterways. Admire the Geirangerfjord in  Geiranger , the Aurlandsfjord in  Flam  or the Lustrafjord in  Skjolden  for a heavenly view.

Iceland Blue Lagoon Geothermal Spa

NORTHERN EXPEDITIONS

While you're in the region, why not explore some other  Northern European  cities? Norway's neighbouring countries, such as Sweden, Denmark, Finland and  Iceland , each have their unforgettably unique characteristics, so be sure to relax in  Reykjavik , Iceland's geothermal spa surrounded by volcanic vistas, or stroll through the stylish Swedish capital, built across 14 islands.

The Norwegian Krone (NOK) is the official currency of Norway. Cash machines are widely available and credit cards are accepted in most restaurants, taxis and shops.

For rainy days, bring an umbrella or raincoat, or head indoors to one of the city's world-class museums.

At the local Tourist Office, you can usually rent a bicycle or pick up some helpful walking and cycling guides.

CUISINE NORDIC NOMS 

In Norway, you'll find many higher-end restaurants transforming local ingredients into refined, modern plates. But there's also no shortage of hearty traditional far in the smaller towns or hip international cuisine in the bigger cities. If you're looking for delectable seafood dishes during your holiday, Norway is the place to go.

Norwegian Cinnamon Buns

SATISFY YOUR SWEET TOOTH

Northern Europeans know a thing or two about pastry. If you're in the mood for a sweet treat for breakfast or with afternoon tea, pop into a traditional Norwegian bakery and try the norsk kanelboller, a cardamon-scented dough pastry, or skillingsboller, the Scandinavian cinnamon bun.

Norwegian Fresh Seafood

STRAIGHT FROM THE SEA

Throughout Norway, menus in both high-end eateries and humble, family-run spots reflect the long-held local fishing traditions. King crab risotto, creamy fish soup, mussels, poached salmon, tasty fish soups and crispy cod tongues are some of the regional favourites.

Swedish Meatball with Cream Cuisine

MEAT YOUR NEW FAVOURITE COMFORT FOOD

Kjottkaker, a popular dish of pan-fried meatballs with onions and spices, can be found nearly everywhere in Norway. It's typically served in a stick-to-your-ribs gravy or lingonberry jam and enjoyed alongside potatoes and vegetables.

Related Ports

Viking history, sky-high breathtaking fjords, the northern lights, and cosy costal towns all complete the vibrant picture of a Norway Cruise. Make your way to ports like Skjolden, Geiranger, Flam and Bergen. 

Bergen, Norway Colorful Waterfront Homes

Bergen, Norway

Alesund, Norway Rocks and Seawall

Alesund, Norway

Multiple Pieces of Ice Floating through the Sea, Arctic Circle

Arctic Circle (Cruising), Norway

A Replica Viking Boat with Mountains in the Background, Flam, Norway

Flam, Norway

Geiranger, Norway, Snowcapped Fjord

Geiranger, Norway

Northern Lights Over Arctic Terrain in Norway, Honningsvag, Norway

Honningsvag, Norway

Kristiansand, Norway, Coastal Mountain

Kristiansand, Norway

Molde, Norway, Panoramic View

Molde, Norway

Olden, Norway, Jostedalsbreen Glacier

Olden, Norway

Oslo, Norway, Coastal Buildings

Oslo, Norway

Skjolden, Norway, Mountain Landscape

Skjolden, Norway

Tromso, Norway, Mountain landscape

Tromso, Norway

Stavanger, Norway, Cliff Preikestolen

Stavanger, Norway

Panorama of fjord in Norway

Maloy, Norway

Norway is beautiful in the summer.

Haugesund, Norway

Letters in Nordfjordeid on the shore of Nordfjord in Norway

Nordfjordeid, Norway

Related Destinations

Stokksnes, Iceland Lupine Flowers by the River

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The best Norwegian fjords cruise deals

If you want to book a cruise to the norwegian fjords and are looking for the best fjord cruise offers for 2024, 2025 or 2026 you're in the right place. cruises to the norwegian fjords offer an incredible cruise experience with stunning scenery, ancient cultures and exhilarating activities, all within easy reach of the uk. with a great range of the best cruise lines to choose from, the norwegian fjords are ideally suited to the uk cruiser. the fjords are now a year-round cruise destination despite a very changing climate. you can cruise to norway in the summer when you can experience the midnight sun or choose something out of the ordinary and go hunting the northern lights on a winter cruise. cruises to the norwegian fjords from the uk are generally relatively short and you can cruise to norway from southampton, dover, tilbury, harwich and newcastle. you may also choose to cruise from hamburg or rotterdam if travelling with an international cruise line., cruises to the norwegian fjords from the uk.

A Norwegian fjords cruise is a must-do cruising experience. Chosen by many people as their first cruise due to their generally shorter durations it's almost a rite of passage to cruising. Cruise to Bergen and see the multi-coloured houses in the port as your first port before heading north through some of the best scenic cruising in the world.

Cruises to Norway in 2023 and 2024 include visits to spectacular destinations such as Alesund from where you may visit sights such as Mount Aksla or the fisheries museum, Flam from where you can travel on the famous Flam Railway, the famous Geirangerfjord , Andalsnes , Trondheim , Alta and Honningsvag amongst others. You may also choose to take a visit to The North Cape where you're in the most northern point in Europe.

Choose from the biggest selection of the best cruises to the Norwegian Fjords.

Cruises to Norway - Frequently Asked Questions

What are the best cruise lines to the norwegian fjords.

The Norwegian fjords are served by a number of cruise lines offering different styles of cruising. For luxury cruises to Norway we'd recommend cruising with Regent Seven Seas Cruises , Seabourn or Silversea . All have small ships so they can access some fjords that the larger ships cannot access and they all offer cruises from UK ports such as Southampton, Tilbury and Dover. For more affordable cruising still in luxurious surroundings why not try Saga Cruises, Cunard , Viking Ocean Cruises or Fred. Olsen Cruise Line . Each offers its own style of British cruising and has ships ideally suited to cruising to Norway. If you really want to experience the smaller ports then there can be no better cruise line than Hurtigruten Expeditions. This Nordic cruise line still operates a service calling at the smaller ports on the coastline and now offers no-fly cruises to Norway from Dover.

What is the best cruise ship to Norway?

It's hard to suggest any one ship is the best for a cruise to the Norwegian fjords. The style of cruising you like will dictate which cruise line you should travel with. We would say that you should remember that many of the ports that you may visit may only be small towns so large numbers of visitors at once may ruin the authentic feel of your destination. Smaller ships such as those you may find with Saga Cruises , Fred. Olsen and Hurtigruten Expeditions will be able to transit some fjords that larger ships may not be able to reach and berth at ports inaccessible by larger ships.

What is the best time to cruise the Norwegian fjords?

The Norwegian fjords offer a very different experience depending on the time of year that you visit. Until recently a Norwegian fjords cruise was very much a summer affair with departures from May in the Spring through to mid-September. Nowadays, however, you can cruise to Norway year-round thanks to the now regular cruises to the Northern Lights. If you're cruising in summer you can expect long days, stunning scenery, flowing waterfalls, meadows and hikes to the summit of the fjords. Winter cruising to Norway is a different experience with dog-sledding, ice fishing and other winter activities. For the ultimate experience join a Northern Lights cruise to Alta where the sun barely rises and try to spot this amazing phenomenon.

What should I pack for a Norwegian fjords cruise?

What you need for your cruise to Norway will depend on what time of year you'll be travelling. Even in summer you'll need to cross the North Sea which should only take a day from the UK but it could be fairly chilly so take some layered clothing and a waterproof jacket. Once you arrive in Norway the weather can be fairly warm so be prepared with shorts and light clothing. Be aware that the weather can change quickly so take a jacket you can pack into a rucksack. In summer it's likely you may want to head up the summit of the fjords or take other excursions to take sturdy walking boots. If you're cruising in winter you'll need to wrap up warm. Solid footwear with good grip will be important as you get off the ship. Remember to take jumpers, hats and gloves. Some cruise lines will include winter wear within your cruise cost so make sure you check that out before you go. The scenery is spectacular so make sure you have your camera and you're ready to capture those shots of the Northern Lights.

The best cruise lines to Norway

The in-depth knowledge of the best cruise lines to the Norwegian fjords.

A photo of the Seabourn operator

Best ports to visit in Norway

These port guides will give you all you need to know about cruising in Norway and what to see and do.

One of the highlights of a cruise to Norway, North Cape is situated at the northernmost point of…

Oslo is the capital of Norway and is also its largest city, situated at the head of Oslo Fjord and…

Surrounded by mountains and sparkling fjords, the waterside city of Bergen has a spectacular…

Overlooking the Atlantic Ocean, Stavanger flourished in the 19th century as a fishing port. While…

Kirkenes is a small town in the North-East of Norway, bordering both Russia and Finland, located…

With its centre located on the island of Tromsø, the municipality of Tromsø is more than five times…

Geirangerfjord

Sailing through the spectacular steep-sided walls of Geirangerfjord, laced with crisscrossing…

The coastal town of Ålesund is the commercial capital of the Møre og Romsdal district. But more…

Glistening glaciers, soft sandy beaches, towering mountains and deep lakes. Nordfjord is the…

Olden is increasingly becoming a customary stop on a Norwegian fjords cruise. Often referred to as…

Norwegian steak, Russian vodka & Danish sandwiches – best Baltic cruise food with Princess Cruises

Most popular cruises with p&o, royal caribbean & more - no fly, can you see polar bears in svalbard all your questions about seabourn’s arctic cruises answered, tim bentinck: the archers star on norway cruises, nude scenes & cruise weight-gain, fred. olsen ship bolette sets sail on inaugural season to norway & canaries, smaller ships and hand-crafted itineraries – fred. olsen cruise lines offers a different take on cruising.

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NORWAY CRUISE

Norwegian fjords and Europe’s largest glacier await you on a Norway cruise.

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Discover Awe-Inspiring Fjords on a Norway Cruise

Natural wonders and once-in-a-lifetime thrills await on a Norway cruise. From the towering mountains of Bergen to the dramatic waterfalls of Alesund, Norway is full of breathtaking surprises. Embark on one our Norwegian fjords cruises and marvel at the spectacular landscapes, verdant mountains, and gushing waterfalls that surround you. Watch as eagles soar in the blue skies above and whales and seals play in the deep waters.

Beyond the majestic fjords, Norway’s cities and villages provide bucket-list opportunities for history buffs, foodies, and adventure seekers. Soak up the magic of picturesque cities like Oslo. Photograph the colorful fishermen’s houses dotting the coast of Alesund. Sip local craft beer in Bergen. Climb the soaring heights of Pulpit Rock for one of the best views in the country.

With Celebrity, sail beyond the beaten path in Norway on a seven-night Norwegian fjords cruise, or embark on one of our European cruises that stops in Oslo. On board, experience total relaxation in your stylish suite or stateroom. Enjoy world-class dining and entertainment as you discover Norway in all its glory

Norway Cruise Highlights

Norwegian fjords.

Nature buffs and adventure seekers can’t miss seeing the stunning Norwegian fjords during their cruise. Bergen is a great jumping-off point to see fjords like Hardangerfjord, the country’s second-largest fjord. UNESCO World Heritage Site Geirangerfjord is known as the “crown jewel” of the country’s fjords, contrasting steep waterfalls with snow-peaked mountain caps. Go slightly off-the-beaten path to neighboring Hjørundfjord, where activities like fjord fishing and kayaking will captivate you.

Art & History

Explore Oslo’s famous Viking Ship Museum and see three expertly preserved vessels. Spend a while at the Munch Museum, dedicated to the painter Edvard Munch, known best for his painting “The Scream.” In Bergen, Bryggens Museum is a mighty testament to life in the town before a devastating fire in 1955, where excavations uncovered beautiful reminders of everyday Norwegian life. Bergen is also home to its own art museum that uniquely preserves the homes of famous composers throughout history. Time travel at Sunnmøre Museum in Alesund, an open-air exhibit featuring preserved homes and boats dating back to medieval times.

Craft Breweries

Norway’s distilleries and craft microbrewing scene is rapidly growing in cities like Bergen and Alesund. After decades of mostly serving lagers, microbrewers around the country wanted to offer more variety for beer drinkers, so they started to brew their own IPAs, pale ales, and stouts. Ever since, Norway’s cities have brewed hundreds of their own unique drafts. Unwind after a day’s hike and try something new on the menu.

Featured Ports

Bergen, norway.

Rows of deep red, burnt orange, and white houses near Bryggen Wharf is one of the top sights in the city. Enjoy a romantic wharfside meal or a cozy coffee there before you visit Bryggens Museum or St. Mary’s Church. Ride a funicular rail to the summit of Mt. Fløyen for incredible panoramic views of the city below. Explore the surrounding fjords on an unforgettable kayaking or hiking adventure.

Alesund, Norway

On a Norway cruise, you’ll visit the picturesque town of Alesund, frequently cited as one of the country’s most beautiful places to visit. Spend a leisurely day exploring the Art Nouveau District. Hike up nearly 500 steps to Aksla Viewpoint and admire the stunning vistas of the archipelago and breathtaking fjords beyond. The town is also the gateway to Geirangerfjord, one of Norway’s most famous natural wonders and a UNESCO World Heritage Site, nestled between imposing cliffs on all sides.

Oslo, Norway

Let Oslo’s metropolitan atmosphere energize you as you explore its opulent palaces and incredible museums. The capital of Norway is teeming with Viking history, from ships dating back to the 9th century at the Viking Museum to 17th-century art at the National Museum. Art lovers won’t want to miss seeing Edvard Munch’s “The Scream” in person. When you move on from historic wonders, grab a craft beer or sample local salmon at any of Oslo’s trendy eateries.

Norway Cruise Itineraries

Embark on an unforgettable cruise to Norway aboard Celebrity Silhouette or Celebrity Reflection. Sailing from May to August, our Norwegian fjord cruises last anywhere from seven nights to nine nights. Longer itineraries give you the chance to see towns like the mountainous Flam or the remote Geiranger. On a Northern Europe cruise, you’ll overnight in Oslo on the way to cities like Copenhagen, Bruges, and Paris, or visit the capital before venturing to Sweden and Finland.

Itineraries

View all cruises to norway, why sail on a norway cruise with celebrity.

On a Norway cruise with Celebrity Cruises, you’ll discover the best of Norway while enjoying the comforts of our luxury cruise ship. Celebrity’s impeccable service and world-class dining will elevate your vacation to new heights. Spend your days at sea exploring innovative onboard venues, splashing in the pool, or indulging in a relaxing spa treatment.

Stylish staterooms provide the ultimate place to unwind. When you book The Retreat, our luxury vacation experience, you’ll stay in unparalleled suites and enjoy exclusive access to a private restaurant, lounge, and more. Shore excursions are crafted to showcase the best of Norway, from private boat tours that take you deep into the fjords to guided hikes to see spectacular waterfalls.

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Norwegian Fjords Cruise Deals

Norwegian Fjords Cruises > Norwegian Fjords Cruise Deals

Norway’s fjords are some of the most spectacular natural wonders in the world. Be sure to browse our selection of stunning Norwegian Fjords cruise deals and discover our Scandinavian cruises . Norwegian Fjord cruises are a cruise holiday like no other. The serene fjord scenery is an aesthetic marvel and presents a unique way to enjoy Norwegian history and culture. They are a go to cruise destination and make for the ultimate adult only cruise when you use our Norwegian Fjords cruise deals to save on your cruise.

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best norwegian fjords cruise from uk 2023

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Whether you’re drawn to Norway’s fjords for their natural beauty or culture and history, there’s a Norwegian Fjords cruise deal suited to your preferences. A Norwegian Fjords cruise deal is perfect if you are looking for a last minute cruise deal or want a family cruise deal to make a holiday you won't ever forget. 

Norwegian Fjords Crusie From The UK

One of the best ways to experience a Norwegian Fjords cruise is to sail directly on a cruise from the UK . Choose to cruise from Southampton and have no need to worry about flying to a fly cruise as you head straight to the Fjords. Find our cruise deals to make your holiday even better.

Go All Inclusive On Your Norweigan Fjords Cruise

Going all inclusive is the best way to experience a cruise. Whether you are planning a cruise in 2024 or booking ahead for a 2025 cruise , you can save money through our Norwegian Fjords cruise deals and use those savings on booking one of our all inclusive cruises .

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Norwegian Fjords Cruises

Norwegian Fjords | MSC Cruises

The Norwegian Fjords are undoubtedly among the most beautiful natural landscapes in the world , capable of inspiring awe with their majestic beauty and timeless atmosphere. Norway has over a thousand fjords, Geirangerfjord and the Naerøyfjord being the largest. Since 2005, they have featured in the list of UNESCO heritage sites – and they’re now accessible on an exclusive MSC Norwegian fjords cruise . The Norway fjords cruise is one of the best ways to visit these earthly and imposing spectacles thanks to the deep water surrounding them, which is both smooth and easy to navigate. During the Norwegian fjords cruise 2024 - 2025 seasons , you can admire these imposing examples of natural beauty first-hand and from the best possible vantage point.

NORWEGIAN FJORDS CRUISES 2024

Summer 2024 fjords cruises.

Bergen, Norway | MSC Cruises

Summer 2024 Fjords and North Cape cruises

North Cape, Norway | MSC Cruises

DEPARTURE PORTS

MSC Norwegian Fjords cruises will take you to discover the Viking history and the most sensational sights of Norway and much more.

Choose the best departure port for your Fjords cruise and get ready to sail on your next dream adventure.

Flaam, Norway | MSC Cruises

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  • Alesund, Norway
  • Alta, Norway
  • Andalsnes, Norway
  • Bergen, Norway
  • Copenhagen, Denmark
  • Eidfjord, Norway
  • Flaam, Norway
  • Gdynia (Gdansk-Danzig), Poland
  • Hamburg, Germany
  • Hammerfest, Norway
  • Haugesund, Norway
  • Hellesylt, Norway
  • Hellesylt-Geiranger, Norway
  • Helsinki, Finland
  • Honningsvag (North Cape), Norway
  • Kiel, Germany
  • Klaipeda, Lithuania
  • Kristiansand, Norway
  • Longyearbyen (Spitsbergen), Norway
  • Magdalenefjord, Norway
  • Maloy, Norway
  • Molde, Norway
  • Narvik, Norway
  • Nordfjordeid, Norway
  • Olden, Norway
  • Oslo, Norway
  • Riga, Latvia
  • Ronne, Denmark
  • Southampton (London), United Kingdom
  • Stavanger (Lysefijord), Norway
  • Stockholm, Sweden
  • Tallinn, Estonia
  • Tromso, Norway
  • Trondheim, Norway
  • Vik i Sogn, Norway
  • Visby, Sweden
  • Warnemunde (Berlin), Germany

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best norwegian fjords cruise from uk 2023

Scenic Norwegian Fjords

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  • Haugesund is famed as 'Norway's Birthplace' and also boasts a proud Viking heritage, brought to life at Avaldsnes' Nordvegen History Centre on the nearby island of Karmoy
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Norwegian Fjords Cruises from Southampton

Discover the majesty of norway’s fabled lands, 2024, 2025 & 2026 cruises from southampton.

Leave behind the humdrum of everyday life, and head for the freedom of the great outdoors on one of our Norwegian Fjords cruises from Southampton. There aren’t many places in the world which give the impression that time has stood still, but the fjords of Norway — with their otherworldly beauty and untamed wilderness — are top of that list.

One of the biggest attractions of the Norwegian fjords is the unspoilt landscape. It has changed very little since the first settlers put down roots, and there is a sense of seclusion on those shores. However, do not be fooled by its serene nature as that region is teeming with wildlife, such as seals, porpoises, reindeer, and eagles. And if you travel in the months between September to April, there might even be a chance to see the Northern Lights!

best norwegian fjords cruise from uk 2023

With their rugged mountain peaks, glacial blue lakes, and towering waterfalls, it’s no wonder the Geirangerfjord and the Naeroyfjord were granted World Heritage status by UNESCO.

There are so many ways to explore the fjords. Fancy a hike with rewarding views at the top, or maybe an exhilarating journey in a kayak on crystal clear waters. Why not get hooked on the beautiful scenery while on a guided fishing tour!

Nature & UNESCO Sites

It’s not just the natural surroundings that have remained pristine. Norway boasts an abundance of historical sites, and many fragments of the past can be found in the vicinity of the fjords, including Viking relics, art and folklore museums. The villages and towns have also kept traditional Norwegian culture alive, with locals renown for living off the land.

Sample some of the fruits and vegetables grown on that fertile soil, or freshly-caught seafood. If you’re feeling adventurous, taste some of the caramel-flavoured goat’s cheese unique to Norway, or perhaps bring some wild berry jam back home with you.

Norwegian Fjords cruises from Southampton are one of the easiest and most rewarding bucket-list trips you could choose. Whatever keepsakes you choose from your travels, let your memory of the magnificent fjords be among the most treasured.

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7 of the best small ship cruises to the Norwegian Fjords for 2024 & 2025

Published 24th January 2024 in Cruise Advice By Alex Loizou /cruise-news/cruise-advice/best-small-ship-cruises-norwegian-fjords

best small ship cruises to the Norwegian Fjords

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The staggering beauty of the Norwegian Fjords needs little explaining. This stunning landscape has been shaped over millennia by powerful glaciers leaving rugged rock walls, overhanging cliffs and spectacular waterfalls plunging into the sea. Discover our pick of the best small ship Norwegian Fjords cruises below.

The Norwegian Fjords one of the few areas in the world where ships schedule cruising hours simply to give passengers the time to watch the scenery - and the tranquil experience of gliding through the glassy waters and coming to terms with the sheer scale of the region is unforgettable.

If it is the Norwegian Fjords you want to see, check carefully to see how many days are actually spent in fjordland. For variety, pick a cruise which includes the North Cape or even Spitsbergen, or alternatively combine with a Baltic exploration. For us, this is a region where small ships come into their own, so here's a round-up of the seven best luxury small ships that will be cruising the Norwegian Fjords in 2024 and 2025:

Best small ship cruises to the Norwegian Fjords

1. windstar cruises.

Windstar's lovely Star Legend accommodates a maximum of just 312 guests, and departs Edinburgh for a 10-night sailing to Copenhagen on 12th July 2024 , with the reverse route on 12 August 2024 , repeating the same in July and August 2025 , visiting some of the highlights of Norway's fjordland, including Bergen, Geirangerfjord, Olden and Flam.

Formerly operated by Seabourn, this popular little ship emerges from an exciting refurbishment in 2022, further enhancing the friendly and casual ambience that so delights those guests who prefer a smaller ship.

Windstar Cruises - Star Legend in the Norwegian Fjords

2. Seabourn

Seabourn Sojourn, the luxury line's elegant 458-guest ship, departs Dover on 10th August 2024 on a 14-day North Cape and Majestic Fjords itinerary, with the same itinerary on 14 June and 12 July 2025 .

Scenic cruising of Sognefjord, Trollfjord and Nordfjord, combined with time in numerous towns and villages along the entire Norwegian coast as far as the North Cape, makes this a particularly lovely voyage on which you'll enjoy Seabourn's outstanding comfort and service in the land of the Midnight Sun.

Seabourn Ovation - Wintergarden Suite

The French flagged cruise line's Explorer Yachts offer lovely seven- and 10-night Norwegian Fjords cruises in early and late July 2024 and June 2025. Visiting at this time means long days, better weather and beautiful fields of wildflowers. Starting or finishing in Bergen, we recommend and additional night or two to explore this beautiful historic city.

Ponant also offers an unusual autumn departure in November 2024 on icebreaker Le Commandant Charcot to see the fjords in a whole new light, which also mixes in stops at the stunning Lofoten Islands.

Sauna on board Ponant's Le Champlain

4. Viking Ocean Cruises

The Norwegian heritage on board Viking ships is clear, from the soft reindeer skins in the Explorers Lounge to the snow grotto in the spa. Light and airy, you will enjoy the stunning scenery from the spacious lounges and deck areas.

These beautiful vessels, accommodating a maximum of 930 guests, offer a choice of lovely summer cruises to combine a taste of the Norwegian Fjords with the Baltic from Stockholm, or with the North Cape and back to the UK. For a Scandinavian style and lots of variety at an inclusive price, Viking is a great choice.

Viking Sky in Geirangerfjord, Norway

5. Regent Seven Seas Cruises

Sailing from Amsterdam on 15th June 2024 aboard the stunning 496-guest Seven Seas Navigator, this 17-night cruise includes four days exploring the fjords and the great northern capitals such as Helsinki and Oslo, as well as lesser-explored gems such as Gdansk and Tallin, before arriving in Copenhagen - a perfectly designed northern itinerary.

Similar options depart in June, July and August 2025 , and whichever you choose you'll enjoy Regent's inclusive pricing, from flights to shore excursions, drinks and gratuities, with not a penny more to pay.

Regent Seven Seas Voyager in Norway

6. Silversea

Through June, July, August and September 2024 , Silversea's 596-guest Silver Dawn - launched in 2022 - operates a series of magical cruises, all including the Norwegian Fjords, returning in the same period in 2025. We love this stunning ship which features S.A.L.T. (Sea and Land Taste), showcasing authentic local cuisine from each destination with special shore excursions, onboard cookery demonstrations and classes, and the ever-changing menus at the new S.A.L.T. Kitchen restaurant.

Choose from itineraries which include plenty of time ashore in pretty towns such as Ålesund, Hellesylt and Flåm, and scenic fjords including the Eidfjord and Geirangerfjord.

best norwegian fjords cruise from uk 2023

Join the elegant expedition ship Scenic Eclipse on 15th June 2024 for an exciting Scenic expedition cruise sailing from Edinburgh to Tromso. Along the way you will enjoy a close-up view of the fjords, exploring by zodiac with an experienced expedition team, before heading further north to the Lofoten Islands. In 2025, the 4 August sailing also mixes in exciting Svalbard exploration including Tromsø, well within the Arctic Circle.

Kayaking and stand up paddle boarding will be part of your experience, and a programme of lectures and seminars will enhance your all inclusive voyage, as you adventure in style.

best small ship cruises to the Norwegian Fjords

This is just a selection of what's on offer, and many of the ships mentioned have alternative voyages in the region. So if the Norwegian Fjords are on your 'must see' list then give us a call, and we will find the right small ship cruise for you.

best norwegian fjords cruise from uk 2023

Alex is Director of Sales & Marketing at Mundy Cruising, having worked with the company for 10 years and in travel for over 18 years. Most recently he's cruised on Regent Seven Seas and has also sailed with Seabourn, Crystal, SeaDream, Tauck and Ponant. His favourite destination is South America however he's also enjoyed cruises in the Western Mediterranean, Middle East, East Africa & Indian Ocean, India, Myanmar, South East Asia and Antarctica. When he’s not travelling he loves walking holidays; a favourite included a trek to Everest Base Camp.

best norwegian fjords cruise from uk 2023

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Explore the Norwegian Fjords on a small ship cruise...

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From the Scottish archipelago to the Arctic Circle

11 May - 20 May 2024 (9 Nights)

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best norwegian fjords cruise from uk 2023

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Q1 2024 norwegian cruise line holdings ltd earnings call, participants.

Harry J. Sommer; President, CEO & Director; Norwegian Cruise Line Holdings Ltd.

Mark A. Kempa; Executive VP & CFO; Norwegian Cruise Line Holdings Ltd.

Sarah Inman

Benjamin Nicolas Chaiken; Executive Director; Mizuho Securities USA LLC, Research Division

Charles Patrick Scholes; MD of Lodging, Gaming and Leisure Equity Research & Analyst; Truist Securities, Inc., Research Division

Conor T. Cunningham; Research Analyst; Melius Research LLC

Daniel Brian Politzer; Senior Equity Analyst; Wells Fargo Securities, LLC, Research Division

Elizabeth Dove; Research Analyst; Goldman Sachs Group, Inc., Research Division

Frederick Charles Wightman; Research Analyst; Wolfe Research, LLC

James Lloyd Hardiman; Director; Citigroup Inc., Research Division

Robin Margaret Farley; MD and Research Analyst; UBS Investment Bank, Research Division

Steven Moyer Wieczynski; MD of Equity Research and Gaming & Leisure Research Analyst; Stifel, Nicolaus & Company, Incorporated, Research Division

Vince Charles Ciepiel; Senior Research Analyst & Partner; Cleveland Research Company LLC

Presentation

Good morning, and welcome to the Norwegian Cruise Line Holdings First Quarter 2024 Earnings Conference Call. My name is Joe, and I will be your operator. (Operator Instructions) As a remainder to all participants, this conference call is being recorded. I would now like to turn the conference over to your host, Sarah Inman. Ms. Inman, please proceed.

Thank you, Joe, and good morning, everyone. Thanks for joining us for our first quarter 2024 earnings and business update call. I'm joined today by Harry Sommer, President and CEO of Norwegian Cruise Line Holdings; and Mark Kempa, Executive Vice President and CFO. As a reminder, this conference call is being simultaneously webcast on the company's Investor Relations website at www.nclhltd.com/investors. Throughout the call, we will refer to a slide presentation that can be found on our Investor Relations website. Both the conference call and presentation will be available for replay for 30 days following today's call. Before we begin, I would like to cover a few items. Our press release with first quarter 2024 results was issued this morning and is available on our Investor Relations website. This call includes forward-looking statements that involve risks and uncertainties that could cause our actual results to differ materially from such statements. These statements should be considered in conjunction with the cautionary statement contained in our earnings release. Our comments may also refer to non-GAAP financial measures. A reconciliation to the most directly comparable GAAP financial measure and other associated disclosures are contained in our earnings release and presentation. With that, I'd like to turn the call over to Harry Sommer. Harry?

Harry J. Sommer

Thank you, Sarah, and good morning, everyone. Thank you all for joining us today for our first quarter 2024 earnings call. It's such an exciting time for our company with wonderful new products available across all 3 of our award-winning brands, strong demand and some recent noteworthy announcements that have solidified our trajectory for years to come. The demand for cruise vacations continues to be at all-time high, as evidenced by record booking, record book position and record advanced ticket sales as the continued innovation and service delivery on board our ships lead to exceptional guest satisfaction scores. The combined effect is strong financial performance in the quarter and an even brighter outlook for the year ahead. Today, it's my pleasure to discuss some of our Q1 milestones, including the recent newbuild ship announcement and pier development, our strong performance in the quarter and the exciting booking trends that are driving our improved guidance for the remainder of 2024. I'll also be diving into the significant progress we've made on our global sustainability program, Sail & Sustain. Later in the call, I'll turn it over to Mark, who will provide more color on our first quarter performance and updated guidance for 2024. We kicked off the year with impressive momentum carrying forward several positive trends from the end of 2023. As you can see on Slide 4, we sustained strong demand throughout the quarter, achieving record bookings in this period, which led to our most successful WAVE season ever. As a result, our 12-month forward book position remains at all-time high. In terms of financial results, adjusted EBITDA nearly doubled during the first quarter compared to last year on the back of stronger pricing and higher occupancy levels. Our margins also noticeably improved during the period, with our core costs essentially flat year-over-year, leading to a robust growth in adjusted operational EBITDA margin, which is adjusted EBITDA divided by adjusted gross margin now approaching 33% for the trailing 12 months. As a result, we reduced our leverage by a full turn during the quarter when compared to the end of 2023, ending the first quarter at 6.3x net leverage, marking an important milestone in our journey to strengthen our balance sheet and well on our path for the 1.5 turn improvement in net leverage we guided for the year. These strides were recognized by S&P, which upgraded both our issuer credit rating and issue-level ratings during the quarter. While we'll give more details later in the call, I can't help but share that we have exceeded essentially all of our guidance metrics for the first quarter of 2024 and consequently raised guidance on our key metrics for the full year, including net yield, adjusted EBITDA, adjusted net income and adjusted EPS. Another key milestone during the first quarter was our historic newbuild order, which we shared on our last conference call during Seatrade Cruise Global. Encompassing 8 new ships across all 3 of our award-winning brands, this is the most transformative newbuild program in our company's history. We also announced the construction of the 2-ship pier at Great Stirrup Cay, which will enhance our existing infrastructure on the private island making it an even more attractive destination for our guests. I am thrilled about our future as I know we're paving the way for our continued growth in the next decade and beyond. Our first quarter successes are due to our continued focus on our near-term priorities, which are detailed on Slide 5. We successfully grew capacity 8% compared to 2023, while achieving a record 12-month forward book position, all while increasing price and reducing our net leverage by a full turn, and we're seeing strong results across the board. Turning to Slide 6. We have shown you frequently in the past, I want to once again emphasize our long-term strategy of delivering measured capacity growth and optimizing our fleet to drive strong financial returns. Our newbuild pipeline increased from 5 to 13 ships in the quarter, representing a capacity CAGR of 6% from 2023 to 2028 and 4% from 2023 to 2036. Historically, capacity growth has driven outsized revenue and adjusted EBITDA growth, and we expect this trend to continue with the incorporation of larger and more efficient state-of-the-art vessels to our fleet. Turning our attention to the current booking environment shown on Slide 7 and we are witnessing robust and resilient consumer demand across all 3 of our brands in all of our markets. As a result, during the first quarter of this year, we noted record bookings culminating a record wave season, leading to a continued record book position for the next 12 months, extending into 2025. We continue to see healthy demand across all markets, brands and products, including Europe and Alaska, which continue to perform very well and make up the majority of our deployment over the summer. All of this strength is despite the cancellation and rerouting of our itineraries that we announced in the Middle East and Red Sea earlier this year. We also recently announced the cancellation of all Red Sea sailings across all 3 of our brands for the spring of 2025 and replacement sailings are already on sale. By adjusting these sailings well in advance, we can ensure a full sales cycle for the replacement itineraries and no impact to our 2025 yield. Overall, we are encouraged by the strength in our book position for the next 12 months, which remains at all-time highs with commensurate higher pricing. As a result, yield growth is strong. During the first quarter, yield growth exceeded guidance coming in at 16.2% on a constant currency basis, up 70 basis points from the guidance we provided just 2 months ago in late February. 2024 is shaping up to be a strong year. And as a result, we are raising our full year yield guidance 100 basis points from 5.4% to approximately 6.4% on a constant currency basis on the back of the strong first quarter and strong demand for the remainder of 2024. Please note that our occupancy guidance remains unchanged as we are essentially already guiding to full ships. So the entire increase in our guidance is on the back of stronger pricing. Onboard revenue also remains a highlight with strength seen across the board. This is a positive sign that our target consumer remains healthy and resilient. We continue to absorb strong demand from pre-cruise purchases, which were up 16% compared to 2023. Preselling of packages of [4 cruise] typically leads to a higher overall spending during a guest's cruise journey. Turning to Slide 8. To continue cementing our leading industry position beyond 2024, I'm excited to announce that this first quarter reached an all-time high in advanced ticket sales. This success was driven by robust pricing, a dynamic deployment mix, coupled with increased presale packages and capacity growth. Our advance ticket sales balance rose 13% year-on-year, reaching a record $3.8 billion. Over the past quarter, we have taken considerable strides in our sustainability efforts through our Sail & Sustain program, which you can see on Slide 9. We kicked off the year seeking out government grants to support our green initiatives by applying to the EU innovation fund with the goal of accelerating the transition of our 6 Prima class vessels for being methanol ready to be fully methanol capable. We continue to be committed to our short- and long-term decarbonization goals. We're also proud to announce that 50% of our company-wide fleet is now equipped with shoreside technology, achieving our year-end 2024 target well ahead of schedule. This is key to our journey to minimizing emissions during port stays and contributing to cleaner air in the port communities we visit. Our proactive approach to environmental impacts didn't go unnoticed. CDP Climate gave us a notable B rating in recognition of the steps we've taken to measure and manage our risks and opportunities related to climate change. This acknowledgment endorses our efforts and pushes us to continue enhancing our sustainability initiatives. Our commitment to operating ethically and with integrity also gained us recognition in the equity markets, JUST Capital in their restaurant and leisure category of America's most JUST Companies Index named us as a top 5 company. This recognition is a testament to our dedication to fair and equitable operations and the prioritization of our stakeholders' wellbeing. Also, we completed the purchase of 3 million carbon offsets invested in renewable energy products. These offsets not only support our decarbonization journey, but invest in cleaner energy sources and local job creation in the communities where these projects are located. Finally, we were recently honored with being one of Forbes' Best Employers for Diversity in 2024. This award is a testament to our dedicated efforts in fostering an inclusive workforce, where diverse backgrounds are represented, engaged and empowered to generate and execute on innovative ideas. I want to express my gratitude to our entire team for their efforts in making our company a welcoming place for all of our talented team members. This recognition motivates us to continue creating a workplace where every individual feels valued and empowered. This progress underscores our unwavering commitment to environmental sustainability, ethical business practices and the well-being of all of our stakeholders. These accomplishments serve as building blocks in our ongoing journey towards a more sustainable and responsible future. I couldn't be more proud of our entire team for all of these impressive accomplishments. With that, I'll turn it over to Mark to walk you through our financial results and outlook. Mr. Kempa?

Mark A. Kempa

Thank you, Harry, and good morning, everyone. I'm a little under the weather today, so if my voice cracks, I apologize in advance. My commentary today will focus on our strong first quarter 2024 financial results, our improved full year 2024 guidance and our increasingly solid financial position. Unless otherwise noted, my commentary on 2024 net yield and adjusted net cruise cost, excluding fuel per capacity day metrics are on a constant currency basis and comparisons are to the same period in 2023. Let's begin with our first quarter results, which are highlighted on Slide 10. We had an exceptional start to the year, and we exceeded guidance across the board, beating our already ambitious targets for the first quarter, which we only announced 2 months ago. Starting with the top line. Results were impressive with net yield increasing 16.2%, materially exceeding our guidance of 15.5%. As discussed last quarter, several factors contributed to the exceptionally strong top line growth we saw this quarter, including the lapping of lower load factors and a less-than-optimized itinerary mix in the first quarter of 2023. But more importantly, we experienced unprecedented demand for Caribbean sailings in the first quarter of 2024, which represented approximately 58% of our total deployment in the quarter. Looking at costs. Adjusted net cruise costs, excluding fuel per capacity day, came in slightly below guidance at $164. As expected, this number includes approximately $5 from the increased dry-dock days and related costs in the quarter compared to 2023. Excluding the impact of dry docks, our adjusted net cruise costs, excluding fuel, would have been essentially flat year-over-year, demonstrating our ability to offset the impacts of inflation with our disciplined cost savings initiatives across the organization. Adjusted EBITDA was approximately $464 million, exceeding guidance of $450 million and almost doubling the prior year's results. We returned to first quarter profitability with adjusted EPS of $0.16, exceeding guidance of $0.12 in the quarter and well above the loss of $0.30 in the prior year. Overall, we are incredibly pleased with the results we generated in the first quarter. Strong top line growth, combined with continued progress in reducing costs, allowed us to essentially beat all of our guidance metrics in the quarter. We are building on this momentum and with our revised expectations for 2024 are raising our full year guidance on several metrics, which can be seen on Slide 11. We raised our full year net yield growth a full percentage point from 5.4% to approximately 6.5%. This 100 basis point increase reflects the strength we experienced in the first quarter, but more importantly, our higher expectations through the rest of the year as a result of strong demand and record bookings that we have experienced for the remainder of 2024. Last quarter, we mentioned the impact on our business due to cancellations and redeployment of itineraries in the Middle East and Red Sea. The strength we have seen in the business through WAVE season, however, has allowed us to almost fully offset this impact. Our full year guidance implies net yield growth for the remainder of the year in the low to mid-single-digit range and is exceeding our prepandemic growth rate. Adjusted EBITDA guidance for the year increased $50 million to $2.5 billion building on the first quarter guidance beat of $14 million. Adjusted EPS guidance for the year increased on a net basis of $0.09 to $1.32, made up of our $0.04 beat in the first quarter, a $0.10 raise for the balance of the year due to higher demand and pricing, which was partially offset by higher fuel costs and interest expense of approximately $0.04. These strong numbers and related guidance raise would not be possible without the continued focus and efforts from our entire team, both shoreside and shipboard. Now let's take a look at our guidance for the second quarter. We expect a strong second quarter with net yield growth expected to increase approximately 4.3%, which is slightly above our historical averages despite the impacts of the canceled itineraries and redeployments in the Middle East and Red Sea. Adjusted net cruise costs, excluding fuel per capacity day is expected to be approximately $165 or approximately 5.8% above the same quarter last year. As we mentioned last quarter, dry-dock days in 2024 will make comparisons to prior year more challenging. Second quarter '24 has approximately 70 more dry-dock days scheduled than last year. This increase for the quarter results in a $9 or 550 basis point impact on an adjusted net cruise cost ex fuel in the quarter. Excluding the dry-dock impact, adjusted net cruise cost excluding fuel is expected to be approximately $156, essentially flat year-over-year, demonstrating once more the continued success of our cost savings initiatives across the organization. As a result, adjusted EBITDA for the second quarter is expected to be approximately $555 million, adjusted net income is expected to be about $160 million and adjusted EPS to be approximately $0.32. Moving to Slide 12. I want to dive a bit deeper into our margin enhancement initiatives. We remain fully committed to boosting margins and reducing costs across the organization. With a meticulous approach supported by our transformation office, we are continuously pinpointing opportunities irrespective of their scale across every facet of our business. The results of these efforts are clear in the first quarter of 2024 where adjusted net cruise cost ex fuel per capacity day was $165 but was flat -- essentially flat compared to the first quarter in 2023, excluding the dry-dock impact. Our guidance on adjusted net cruise cost ex fuel remains unchanged for the full year 2024 and is expected to be $159, net of the approximate $5 impact from dry-docks in the full year, which are -- ex the dry-docks, which are essentially expected to be flat. For your models, I would remind you that we expect to see about 2/3 of the dry-dock impact during the first half of the year with the remainder in the fourth quarter. Turning over to Slide 13. I want to focus on an important metric that we track internally, which is our adjusted operational EBITDA margin which is calculated by dividing adjusted EBITDA by adjusted gross margin. Looking at the last 12 months, you can see the significant improvements we have made as we have returned the business to full operations and focused on rightsizing our cost basis. In Q1, trailing 12-month adjusted operational EBITDA margin was 32.7%, improving 200 basis points compared to the full year 2023. We expect to see this margin continue to improve throughout the year, ending 2024 at approximately 33.5% based on our updated guidance. As you know, we are striving to improve our margins, and this journey will be fueled by 2 main drivers: First, capitalizing on the strong demand in the market, and converting this into quality and sustainable net yield growth; and second, continued focus on net cruise costs and rightsizing our cost base. Shifting to the balance sheet and debt maturity profile on Slide 14. During the quarter, we completed the refinancing of our $650 million backstop commitment from a secured to an unsecured basis. In connection with this refinancing, we repaid $250 million 9.75% secured notes due in 2028, which was our highest interest rate debt. This refinancing reduces our interest expense and improved leverage while also releasing all related collateral, another important step forward in strengthening our balance sheet. Moving to leverage on Slide 15. We have a track record of delivering on net leverage reduction, as we have discussed in many previous earnings calls, and we are currently on a path to do so again. In the first quarter alone, we reduced our net leverage by a full turn from year-end and turned the quarter at 6.3x. This is a significant reduction for one quarter, and we expect to continue to improve net leverage over time propelled by our organic cash generation and scheduled debt amortization payments. By the end of 2024, we anticipate reducing our net leverage by approximately 1.5 turns from year-end 2023, ending 2024 in the upper 5x range, with sequential improvements in each quarter. We are currently refining a multiyear plan to further continue the reduction of leverage and derisk our balance sheet to drive shareholder value. I plan to share more on this plan at our Investor Day on May 20. Closing out my section, I want to reiterate, this has been a fantastic quarter, where we beat guidance on all key metrics. The strong momentum we have seen in the quarter is carrying over to the full year, and we've been able to raise our guidance for the full year on yield, adjusted EBITDA, adjusted net income and adjusted EPS. This quarter is a testament to our ability to use strong top line results, coupled with efficiencies to enhance margins and drive strong EBITDA and related cash flows, resulting in lower leverage and derisking the balance sheet. We are excited to see how the rest of the year plays out after the strong start. With that, I'll turn it back to Harry for closing remarks.

Well, thank you, Mark, and I wish you a speed of recovery. Moving forward, our entire team will be focused on our most important work, as shown on Slide 16. First, we will continue to focus on execution, capitalizing on the strong demand from our target upskill demographics to drive net yield while delivering experiences that guests value. . Second, we will build upon the progress already made over the last quarters from our ongoing margin enhancement efforts with further improvements in cost reduction and efficiencies throughout the organization. And finally, we will continue to improve our financial stability by further strengthening our balance sheet and continuing to reduce net leverage over time. In a few weeks' time, we will be having the privilege of hosting an Investor Day. We hope you are able to attend either in person at the New York Stock Exchange or virtually through our webcast. It is an occasion that we are eagerly looking forward to as it provides us with a platform to articulate our long-term strategy and financial metrics for the business. This strategic road map will offer insight into our ambitions and aspirations for the future of Norwegian Cruise Line Holdings. We will outline the key initiatives and measures that will underpin our drive towards providing our guests with the experiences they value while delivering long-term profitable growth and shareholder value. The future is certainly bright, and we are excited to share this journey with you. And with that, I'll hand the call back to the operator to begin our Q&A session.

Question and Answer Session

(Operator Instructions) And our first question comes from the line of Dan Politzer with Wells Fargo.

Daniel Brian Politzer

I was hoping we could dive in a little bit more on kind of the pricing and set up for the remainder of the year. I mean it seems certainly the first quarter was very strong. As we think about the tweaks to your capacity allocation for the rest of 2024 and certainly similar Europe and at least in the second quarter, but kind of falling off in the back half. How should we think about the relationship between that capacity allocation relative to pricing? And put more simplistically, can you maybe classify the pockets where you're seeing outsized strength versus maybe a little bit more modest strength in terms of pricing?

So Dan, and thanks for joining us today. Listen, I wouldn't say that there are any areas that are outsized or undersized. We're seeing good pricing yield strength across all 3 of our brands, across all the major areas that we deploy our ships. We're doing well in Europe, we're doing well in Alaska, Bermuda, Hawaii, of course, the Caribbean. I think the only place where we've talked before, where we had a little bit of a challenge is the voyages in Q2 and Q4 that had previously visited the Red Sea and had to redeploy to other itineraries. But outside of those, we're seeing broad-based demand across the board. We're very happy with our yield growth in the back 3 quarters. As we discussed, both Mark and myself, we're increasing our yield guidance by a full point, which I think underscores the strengths that we're seeing. We continue to be at record book positions, record pricing. We're very happy with where we are.

Got it. And then just pivoting to the cost side. Can you just remind us a couple of those pockets where you really seem to be cutting the fat, right? I think food is an area where you've seen some success. Also I think on marketing, you've talked about the expenses you've cut there. So as we think about the kind of the buckets across the cost structure, where have you seen more success? And where is kind of the additional opportunity that you see looking ahead?

Dan, it's Mark. So first, I just want to clarify. I wouldn't classify it as cutting the fat, so to speak. That's probably a little bit too generous. We're really looking at how we can get much more efficient across the entire organization. As I mentioned in our -- in our prior earnings call, the first big piece of that was really reducing -- looking at our fuel and bunkering processes. And if I recall correctly, I said that was the double-digit million savings, and that's actually reflected in our latest fuel guidance where if you think about -- if you look at the curves, the curves were up anywhere from mid-to-upper single digits. Yet, I think we only raised our cost up by 2%. But apart from that, yes, it's across marketing, it's across the things on the vessel that the customers really don't value. But more importantly, we're not just cutting to cut, we're really looking at what do customers care about, let's improve on those experiences while reducing items that the customer really doesn't care about. So there's no silver bullets here. It's just a lot of little things across the board. We are very excited with the progress we're making. That's been reiterated by the fact that we just reiterated our cost guidance. And I'm hopeful in the future that we can continue to improve on that.

And Dan, I'll just add one more thing, specifically related to the food. I just want to emphasize we have in no way reduced the quality of food that we serve our guests. We still serve, especially on Oceania region, the best quality food that we can and in NCL very good quality food as well, where we have seen the efficiencies, if you will, are in things like buying direct as opposed to intermediaries and in logistics. We have made massive improvements in logistics, warehousing, shipping that obviously will show up in the food, but do not reflect the lower quality food. I can't emphasize that enough. We believe that our 3 brands in their respective places in the industry have the most -- have the best food quality and the most food options, and we are committed to that, but we think we can do that and still save money through the other items that I mentioned.

And our next question comes from the line of Vince Ciepiel with Cleveland Research.

Vince Charles Ciepiel

I wanted to zoom in a little bit more on the second half. I think at one point, you guys had quantified the Red Sea impact. I think it was like 1 to 2 points for 2Q through 4Q. I think there was a view that third quarter might be the highest yield growth quarter of 2Q through 4Q because it had the least Red Sea impact. And I was just curious if you still expected that to be the case?

Vince, yes, you are correct. We still expect third quarter to be the highest yield growth quarter. And I will remind everybody that in Q4 of '23, if I recall correctly, we had pricing of growth of 15% and yield growth of 9%. So we are rolling over a very healthy Q4 of 2023. So that's not to be implied that Q4 of this year is not doing well, but it is just certainly rolling over a much higher comp, but we do expect third quarter to be the highest.

Great. And then a little bit bigger picture kind of strategy question. You and peers across the industry seem to be really investing in private islands and ramping efforts there, marketing leaning in. Just kind of curious what you're seeing out there that leads you to believe returns are there, that that's what the customer is looking for and how you kind of have -- went about making that decision?

Yes. So when we look at our 2 private islands we have today, Great Stirrup Cay in the Bahamas and Harvest Caye in Belize, those are our 2 highest-rated destinations. Now we really had a pier at Harvest Caye. So there were no issues in that area. But in GSC, Great Stirrup Cay, excuse me, the lack of a pier caused us to miss much more frequently than we would have liked. So for us, it almost (inaudible) on an ROI basis just by us being able to visit there. But of course, once we have the confidence that we can visit there almost 100% of the time, we certainly believe that it will be worth making the investments to continue to improve the guest experience as long as we focus, as Mark said before, on the things that gets value. I will say, listen, we've seen geopolitical uncertainty in various places of the world over time. So clearly, places like Belize and the Bahamas have an added benefit of being perhaps any more certain zones more close to home, which continues to give us confidence to invest. But we think what we're doing with GSC is fantastic. We think the pier, which will be available just in a year from now, so it's not like multiyears in the future, will be a great addition. We're committed to the area. Our guests love it. I think the experience on the island is already fantastic, more of a resort-type experience, and we'll continue to improve it.

Great. Looking forward to Investor Day.

And our next question comes from the line of Steven Wieczynski with Stifel.

Steven Moyer Wieczynski

So if we kind of stay on yields and if we think about breaking down your revised yield guidance for the remainder of the year, I mean, look, it's pretty clear that the demand remains extremely strong. So I guess it seems to us that maybe your revised yield guidance is somewhat conservative. And I guess the question is around how you're thinking about pricing versus onboard for the rest of the year. It seems like you might be taking a pretty conservative view around onboard metrics, which makes sense, or possibly to close an opportunity just isn't as great as what we're used to witnessing given the strong book position. So just any help there would be appreciated?

I'll maybe take the second part of the question on onboard business ticket, and I'll let Mark comment on the first part. With the way that we package and presell our onboard items, I think the distinction between onboard and ticket is much less important than it is in the past. So I would just encourage you and the other analysts, the other listeners, to focus on the total revenue number because really the split is a little bit arbitrary. That being said, obviously, we're happy with the future sales, as we talked about in our prepared remarks, and in our press release. We're happy with the onboard packages that are being sold in advance. And that's what gives us confidence for raising our yield guidance by a full point for the year. In terms of conservatism, maybe Mark can talk to that.

Yes, Steve. So look, maybe as an example, look, we continue to see the consumer very, very healthy. We continue to see very strong trends across every revenue stream on the ship. So we remain very, very optimistic on that front. And maybe a way to frame it is, if you think about our prior guidance for the first quarter, we had -- we were already 2 months into the quarter when we had provided that guidance. And I think when you look at where we ended, we beat by almost 0.75 point. That's predominantly driven by onboard revenue. While I don't want to say we are ultra conservative, yes, we know we expect the consumer to spend. But I think given our extended booking curve, most of the upside in the quarter, if we see any, will be driven by onboard revenue. And I want to reiterate that we continue to see a very, very strong consumer in that respect.

Okay. That's great. And then, Mark, if I'm looking at Slide 13, you guys are projecting just about a 34% EBITDA margin towards the end of this year. And I guess if we look a little bit further out, how should we think about the longer-term margin opportunity, especially as you think about where margins were prepandemic versus where they are now. Will the driver of kind of yield -- or excuse me, of margin improvement, just be more on the yield side of the equation? I guess what I'm trying to get at here is about the opportunity to take a significant amount of cost out of the equation, given what you guys have already done so far and maybe this is something you'll address more on May 20.

Yes. So I think that's -- thank you for that last sentence because that was the answer I was going to provide you. Listen, we're super focused in this call talking about Q1 and guidance for Q2 in '24, which I think we've laid out. I think talking about more longer term, we'll have to wait the 19 more days until May 20 to talk about it.

Our next question comes from the line of Brandt Montour with Barclays.

We lost Brandt.

Brandt? Okay. Maybe we should move on to the next.

Yes. So we'll move on to next caller.

And our next question will come from the line of Conor Cunningham with Melius Research.

Conor T. Cunningham

In your prepared remarks, or even in the press release, I think you mentioned that you're at a record book position over the next 12 months. I know you want to talk only about '24, but just curious on how '25 is shaping up? I assume pricing is up. Just any details around that would be helpful.

Thank you for that, Conor. So I'll just point out that the next 12 months would include Q1 of '25. So I think that gives you some guidance. And of course, that would be, at this point in the booking cycle the best booked quarter of 2025. So not really prepared to give guidance for the last 3 quarters, but I think that gives you some insights into how '25 is shaping up.

Okay. And then I appreciate the details on the dry-dock headwinds, and I realize that kind of lingers throughout '24, but does that roll off in '25? Or is it more of a '26? Just trying to understand, your exit rate on cost is obviously going to be really good in '24. So just curious on how we should think about dry-dock specifically next year and the year after?

Yes, Conor. So look, I think we've said this before, '24 is really a normalization year in terms of dry-docks as we took the advantage during the shutdown to dry-dock most of our ships. But if you look at the size of our fleet and the composition of our fleet, as you go forward, whether it's '24, '25, '26, you're going to see about the same level of dry-docks just given the size of our fleet. So it might go up a couple of points -- or no, I shouldn't say a couple of points. It might go up or down a few days, but there's not going to be any material step up or step down going forward as we get back into a more normalized cycle for the next few years.

Well, we'll try again on Brandt. Let's go to the next question.

Let's go to the next question, Joe.

And the next question will come from the line of Patrick Scholes with Truist Securities.

Charles Patrick Scholes

Great. My first question concerns commissions paid out to the trade. It looks like your ticket revenues were up 21% year-over-year, though commissions, transportation and others were up 6%. Can you give a little more color on why the -- what's driving the divergence in there? Is it increases in book direct or change in mix of new to crews that typically will book direct? More color, please? And then I'll have a follow-up question.

Yes. Thanks, Patrick. So, no, what we're seeing is not a reflection of changes in direct or significant changes in passenger mix. It's really more driven by the airline. You know that as a cruise line, we package air across all 3 of our brands. And as participation rate shifts from year-to-year -- and also, we're buying air a little bit better this year versus last year. The air component cost goes down. So it's a combination of slightly lower participation rate for air and us buying air a little bit more efficiently than we did last year. But our general direct versus trade, new to cruise has remained substantially the same year-over-year across the brands.

Okay. Interesting. And then you've talked about your book position up significantly, whatnot year-over-year. Can you give a little bit more granularity on percentage-wise. How much ahead you are for the rest of the year versus the same time last year? And then also how much ahead, in fact, if you are ahead for next year versus, say, the same time last year for the comparable period?

Yes, Patrick. Look, we won't give an exact percentage. What I can tell you is, if you refer to our prior remarks on our calls, generally speaking, we had said our sweet spot is somewhere in that 60% to 65% on a forward 12-month basis or at any given time, I should say. And so if you think of it from that reference, we could be up from there, but I won't give any specific percentages on that, other than the fact that we continue to see a very strong consumer, consumers who are willing to book further out and who are willing to pay higher prices. So I think all of that lends itself to a great environment to continue to capitalize on this demand.

Are you -- can you say for your -- without giving a percentage, can you say your '25 book position is ahead versus comparable where you were a year ago for this year?

Well, I think if you think about, as Harry said, our forward 12 months, which would include Q1, would imply that Q1 is ahead. But we won't comment on the rest of the year other than bookings are in line with our expectations where we believe they should be. So...

The only additional the color that I'll give is related to Europe, which is a large part of our deployment this year in Q2 and Q3, where because we've had the benefit of a full booking cycle, we're seeing more Americans on our European deployment this year, which tends to elongate the booking curve a little bit and also tends to deliver slightly higher yields as opposed to selling those cabins a little closer into locals in Europe.

Our next question comes from the line of Ben Chaiken with Mizuho.

Benjamin Nicolas Chaiken

Your comments on 2Q yields onboard forward booking trends are all very helpful. Just attacking this a little differently. Curious how you're thinking about 2Q yields on the net yield side. There are some headwinds and tailwinds. It'd be great if you could help us think about the different moving parts, specifically for 2Q, I guess I'm asking. So for example, those less Caribbean, but as you've suggested earlier, it sounds like the mix is not a factor. You've got Red Sea. Anything else just big picture? And maybe to put a finer point on it, however you cut it year-over-year versus '19 sequentially, it just seems like optically, there's a step down, and I guess I'm trying to open this up and understand the moving parts.

Well, Ben, I think there is a step down from Q1, but that's purely as a result of the comparison in the same quarter of 2023. So as we said on our last call and this call, we are not, and I will repeat this, we are not seeing deceleration. I don't know how many more times I can say that across different calls and conferences. We are getting back to what we call a more normalized yield growth in terms of our business, which we have always said would be somewhere in the low to mid-single digits. And obviously, we continue to pursue much better than that. So yes, there is an impact in both Q2 and Q4 as a result of the Middle East and Red Sea. We've been very specific about that. But even absent that, we still continue to see very healthy pricing and yield growth. So I just want to make it clear. It's not a deceleration issue. It really is a comparison issue from quarter to quarter.

Sure. The premise of the question was actually not a deceleration. It was that you've said that in the past. So I'm trying to understand the moving parts that might kind of help us explain the nuances, but that's helpful.

Yes. Ben, the moving parts in Q2 are really the Mid East and Red Sea for the most part, and that also impacts Q4 as well as Q4 having a significant rollover versus the same quarter in 2023.

Okay. And then as you think about Great Stirrup Cay, you announced the pier construction, which makes a lot of sense. Were you suggesting earlier in the call that you wait for the pier to be built and then wait a year or so to get kind of the demand picture under your belt before you start to invest in the island? Or is that not the correct interpretation?

I wouldn't interpret it that way. I'm not prepared here to discuss our full long-term plans for Great Stirrup Cay. We'll talk a little bit more about that in 3 weeks. I'm just -- my comment was meant to say that the pier was the gating item that before we committed and have a schedule for the pier, it would not have been prudent for us to make substantial additional investments to the island, which for the record, is already a great experience. But now that we have the pier, it allows us to have a slightly more long-term view towards that. But I don't want to give any indication of whether it's happening imminently or later. We'll talk little bit more about that in 3 weeks.

Our next question comes from the line of Lizzie Dove with Goldman Sachs.

Elizabeth Dove

To kind of belabor this net yield point, but I just want to understand the moving pieces in terms of the kind of quarterly cadence. Like as we think of your 2Q guidance of 4.3% growth and 3Q being higher. I would have thought that means quite a steep step down in 4Q, especially I would have thought you maybe get some occupancy recovery from the Hawaii comp last year. Anything you can say that can kind of help me think about that kind of quarterly cadence?

Lizzie, I think as we said, we believe in the back half of the year, third quarter will be the highest yielding quarter. Fourth quarter, there was -- if you think about fourth quarter 2023, yes, there was a small impact on occupancy as a result of Hawaii. But I think as we look at the comp rolling over, again, if I recall correctly, somewhere in the zone of 14% pricing growth and maybe 9% to 10% yield last year, that's a very quality comp to roll over. So I think stay tuned. I think fourth quarter, there's still time and we're still building there. But we -- everything we see today, the environment remains healthy, and we expect strong results across all our quarters.

Yes. I mean the only additional color I'll add, which Mark talked about in an earlier question and not this one is a slight headwind related to Red Sea cancellations in Q4, which would be a little bit more -- a little bit less, excuse me, than the headwind in Q2 because we had a little more time to have the replacement voyages on sale. And that's why it was so critical for us to get well ahead of this for 2025. So we've already canceled all of our voyages that have previously gone to [Israel] for 2025 and all the Red Sea crossings in the first half of '25 so that we wouldn't have the same headwind challenges to our 2025 growth.

Perfect. That's really helpful. And it feels like the very premium luxury market is more on focus, especially with the capital markets activity. Anything you can share there in terms of pricing on your more premium brands versus the Norwegian brands? And also any step you might take to protect share? Or is this competitor has some pretty aggressive supply growth targets?

So I'm trying to distill that question down into some thoughts in my mind. So obviously, we're excited to see new entrants into the market. We think anything that has -- that draws more focus, if you will, to this market and the public market and the excellent opportunity that cruising represents is positive for all of us. So I sent through our e-mail congratulating him this morning on the successful IPO, and we obviously wish him the best of luck. We see the growth at Viking House, and we have nice growth on the Oceania region brand that's measured that we can absorb and that we're happy for.

Our next question comes from the line of Fred Wightman with Wolfe Research.

Frederick Charles Wightman

I just wanted to come back to the Red Sea impact for next year. Are you expecting to fully offset the yield impact from this year? Was that a comment -- is that a comment on costs? I just want to understand if it's yield dilutive from a -- if you do have to do repositionings and it's less desirable itineraries?

Fred, so we have announced all cancellations of our Red Sea and Mid East itineraries for 2025, with the exception, I believe we may have one sailing still on sale in the back half of '25 for the Oceania brand. Apart from that, we have canceled all those sailings. And the thinking there is, obviously, the earlier you reroute those and create better itineraries, the better sales cycle you have. So the -- certainly, the improved yield and economics that you can garner from that should improve. That said, if I had a choice of doing other areas in the world versus those select Mid-East and Red Sea, those are always a premium. But certainly, Certainly, it won't be a significant tailwind, but at the same point, it won't be a significant drag.

Okay. That's fair. And then just trying to understand where there could potentially be some upside for yields throughout the year. It sounded like in response to an earlier question that you were saying the potential upside would come largely from onboard. I think that was in response to 2Q specifically. But just thinking about the back half of the year, especially in 4Q when that Caribbean exposure increases again? I mean you guys still feel like you have the ability to take price and grow yields from a ticket perspective later in the year, right?

Yes. So Fred, that's the job of our brands. We look at the booking curve, the consumer demand, and we do everything we can to raise price at any time that we can. I think as Mark mentioned, Q2 and most of Q3 is pretty big, given where we are in the booking curve. Is there potential in Q4? Absolutely, and we'll do everything that we can to optimize that potential.

And our next question comes from the line of Robin Farley with UBS.

Robin Margaret Farley

I have 2 questions. One is, in your release, you showed that a percent change in net yield would add about $67 million to EBITDA. You raised by 1 point and raising EBITDA by $50 million. Maybe half of that looks like it's from higher fuel -- of the sort of kind of the -- like looking for that other $17 million that was not in your EBITDA raise. Maybe half of that was due to higher fuel. Is the other half just sort of conservatism and leaving a little powder dry, which is fine? Or is there another factor there that's not getting it down to the EBITDA line? And then -- my second question, just to put up there as well, is any color you can give us on your new ship orders in terms of the cost per berth kind of relative to previous ship orders? I fully understand that there would be inflation at the yards and all that, but just trying to quantify that in some way.

Yes. Thanks for your exacting calculations, Robin. Obviously, there's some slight rounding in there when you look at the yield and the sensitivity. So essentially, yes, we did carry over about 100 basis point increase. And I think if you look at my prepared remarks, most of that was -- some of that was partially offset by higher fuel and then higher interest expense for 2 reasons. Number one, the portion of our debt portfolio that is not fixed, which is about 5%, 6%, but then also commitment fees related to some of our newbuild announcements that went effective as well. All in all, I think when you look at the back half of the year, as I said, we're raising yield guidance, and that's about $0.10 -- $0.10, $0.11, offset by $0.04 or $0.05 of interest in fuel. And I didn't catch the back end of your question, I apologize.

She asked about any color on inflation.

Yes, just the cost per berth or kind of getting a sense of the change in building costs at the yards, understanding that there will be inflation there, but just trying to get a ballpark for it. And the prior questions have been about the EBITDA. I fully understand the interest expense impact on the EPS. I was looking for the extra $10 million in EBITDA. But anything on the cost per birth?

Just to be really clear on the EBITDA side, we calculated the 1% raise that we had at just over $60 million. So it wasn't exactly a full point. It was more like 97 basis points or something like that. So the $60 million minus the fuels should get you to almost exactly the $50 million EBITDA range. So we apologize for that confusion between the $60 million and $67 million. Listen, in terms of inflation on newbuilds, I think what you'll see is sort of 2 factors offsetting each other. I think the inflation on newbuild is similar to the inflation you see in the general population, at least when we do our calculations. I think what we can do to help offset that inflation is the same as what you're seeing in our general cost structure where the same transformation office process that looks to doing things more efficiently and effectively will allow us to offset part of the impact of inflation, certainly not all of it. So that would be our guide, if you will, going forward. And then I think we have time for one last question, operator.

And our last question will come from the line of James Hardiman with Citi.

James Lloyd Hardiman

So just quickly I wanted to circle back to the cost conversation. Obviously, a lot of noise around dry-dock, pretty flattish, though ex the dry-dock step-up for the first half. Is that the assumption for the second half that ex the dry-dock movement that costs are going to be pretty flattish year-over-year. And if so, how long can that last, particularly as dry docks flatten out in 2025?

So the quick answer is yes. We believe that the cost will be essentially flat, excluding dry-dock, as you mentioned for the back half of the year. We're very proud of the efforts that the team are making, not really prepared to comment on '25 and beyond at this point.

James, all I would add to that is, again, we have talked about we have a laser focus on rightsizing and leveraging our scale. We continue to do that. This is a permanent activity for us, not a onetime exercise. So while obviously, it gets harder further down the stream you go, we are just relooking at every facet of our business, and we continue to believe that there's opportunity out there all without impacting the guest experience and actually delivering a better product than what we've had today.

Well, what a wonderful set of comments in the call. I share Mark's passion for continuing to improve our operating margins while delivering a fantastic guest experience. I want to thank all of you for your time today, and I really am looking forward to talking about our long-term targets and strategy when we meet on May 20. Thank you all very much.

Thank you. This concludes today's conference. You may now disconnect your lines at this time. Enjoy the rest of your day.

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  2. Norway Cruises: Best Norwegian Fjords Cruises

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