Tuesday, September 2, 2014

NORWEGIAN ACQUIRES UPSCALE BRANDS

Norwegian has started September with a bang. The cruise line announced today they are acquiring Prestige Cruises International, Inc., the parent company of upscale cruise lines Oceania Cruises and Regent Seven Seas, for $3.025 billion. More details from the release: "Prestige operates eight ships and approximately 6,500 berths under two segment-leading brands. Oceania Cruises is the market leader in the upper-premium cruise segment with five ships offering destination-oriented cruise vacations to more than 330 ports around the globe, gourmet culinary experiences, elegant accommodations and personalized service. Regent Seven Seas Cruises is the market leader in the luxury cruise segment and operates three award-winning, all-suite ships, with an additional ship on order for delivery in summer 2016. Regent offers the industry’s most inclusive luxury vacation experience visiting over 250 destinations worldwide."


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