When does ncl 'take over'

Does NCL already own Oceania? If not, then when does this go into effect?

Does anyone have any thoughts of possible 'changes/modifications/cut backs/enhancements, etc.' that may be happening to the O ships and to its passengers and crews. Friend have shared that when Carnival took over some of the other cruise companies..they noticed a marked change in the service...cutbacks in other areas as well..[i.e. Room stewards were assigned more stateroooms each to clean in the same period of time..resulting in less than examplary housekeeping.]

Eager to hear anyones thought re; NCL's takeover at to the immediate and not so immediate impact on O?

 

Eager to hear anyones thought re; NCL's takeover at to the immediate and not so immediate impact on O?

The deal will get done when the lawyers and accountants finish their due diligence and the papers are signed. When the deal was announced it was stated that it will not close until late in the 4th quarter.

To speculate as to changes, if any, is in my opinion a waste of time at this point.

Why not speculate on who will win the Super Bowl?

Why not wait and see what happens rather that engaging in pure "what if games"?

Would love to share my thoughts. I believe that the deal may close sometime in November or December. Information we received from the crew on Regent indicates that there will be no changes to either Oceania or Regent (at least not in the foreseeable future). One officer assured us that Regent will remain the same for the next five years. Assume the same is true for Oceania.

Both Regent and Oceania have captured a certain segment of the cruising population (not sure about NCL and - to be perfectly honest - do not care what they have done). Apollo - the parent company -- knows how successful Oceania and Regent have been. Hopefully, they know that the CEO of NCL (Mr. Sheehan) is not an expert in the area of premium plus or luxury cruise lines. To change either Regent or Oceania is risking a loss in revenue.

While we are not overly concerned, we are ready and willing to drop both Regent and Oceania if major changes were to occur.

Would love to share my thoughts. I believe that the deal may close sometime in November or December. Information we received from the crew on Regent indicates that there will be no changes to either Oceania or Regent (at least not in the foreseeable future). One officer assured us that Regent will remain the same for the next five years. Assume the same is true for Oceania.

 

Both Regent and Oceania have captured a certain segment of the cruising population (not sure about NCL and - to be perfectly honest - do not care what they have done). Apollo - the parent company -- knows how successful Oceania and Regent have been. Hopefully, they know that the CEO of NCL (Mr. Sheehan) is not an expert in the area of premium plus or luxury cruise lines. To change either Regent or Oceania is risking a loss in revenue.

 

While we are not overly concerned, we are ready and willing to drop both Regent and Oceania if major changes were to occur.

While I agree that speculation about specific changes at this point is useless, there is a $50M carrot hanging over PCH the first year after the purchase based on savings which probably means more than $50M in savings from both Regent and Oceania in the first year will be required in order for the bonuses to be paid.

Just wondering how nothing can change when cost reductions of over $50M need to be effected for the bonuses to be paid out??

While I agree that speculation about specific changes at this point is useless, there is a $50M carrot hanging over PCH the first year after the purchase based on savings which probably means more than $50M in savings from both Regent and Oceania in the first year will be required in order for the bonuses to be paid.

 

Just wondering how nothing can change when cost reductions of over $50M need to be effected for the bonuses to be paid out??

Um...can you be more succinct? Kind of lost here

I recently read somewhere -- I think it was SeaTrade Insider -- that Mr. Sheehan expects to close Nov 15. I don't expect any substantial changes in 2015 and perhaps longer.

Um...can you be more succinct? Kind of lost here

Not sure how I can be more succinct. Read the press release and stories about the deal for yourself and make your own judgements.

Not sure how I can be more succinct. Read the press release and stories about the deal for yourself and make your own judgements.

Got it...forgot about the bonus payout.Some of us here just don't delve as deeply as you seem to.

Who knows what lies ahead

http://www.cruiseindustrynews.com/cruise-news/11727.html

Norwegian Cruise Line Holdings Ltd. (NASDAQ: NCLH) announced today that hospitality veteran Drew Madsen has joined as president and chief operating officer of Norwegian Cruise Line.

Madsen has more than 30 years of leadership experience in the hospitality and consumer products industry, most recently as president and chief operating officer at Darden Restaurants, Inc., the world’s largest full-service restaurant company.

Who knows what lies ahead

 

http://www.cruiseindustrynews.com/cruise-news/11727.html

 

Norwegian Cruise Line Holdings Ltd. (NASDAQ: NCLH) announced today that hospitality veteran Drew Madsen has joined as president and chief operating officer of Norwegian Cruise Line.

 

Madsen has more than 30 years of leadership experience in the hospitality and consumer products industry, most recently as president and chief operating officer at Darden Restaurants, Inc., the world’s largest full-service restaurant company.

Im more interested in who will be president of Oceania..

Jancruz1

Im more interested in who will be president of Oceania..

Jancruz1

Time will tell ;)

There will be changes because the shots will be called by people who have different ideas. That doesn't mean things will degrade but they will be different.

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RCCL (Royal Caribbean) has owned Celebrity since 2009 and even though we didn't start cruising Celebrity until 2011, from what I've read on the boards over that time, Celebrity has stayed pretty much a notch above HAL, Princess and two notches above Carnival, Costa, NCL, and the "archival" RCCL.

So "Parents" don't seem to change the children much and I would expect the same to apply here, also for the same reasons stated in all the above posts.

There are always some grumblings each year about "down-trends" in each of the lines, but Celebrity sure has better food, a classier feel, and better pool & deck furniture, upscale linens, etc. than the lines slightly below it.

So I am not going to worry!

Many would point to the Carnivalization of HAL as an issue.

Another example is Seabourn...... she was and remains a luxury cruise line with many happy customers.

In terms of the $50M that keeps bringing brought up. As many of you know, both Oceania and Regent have put multi-millions of dollars into new builds and/or doing major refurbishments in the past few years. If there are no major expenditures on the horizon for 2015, all they need to do is what they have been doing and the $50M should be a no brainer. The only issue I see is on the Regent side since they are building a new ship. There may be consideration given for this.

The only issue I see is on the Regent side since they are building a new ship. There may be consideration given for this

Let them choose the President based on which Line is more profitable ;)

 

In terms of the $50M that keeps bringing brought up. As many of you know, both Oceania and Regent have put multi-millions of dollars into new builds and/or doing major refurbishments in the past few years. If there are no major expenditures on the horizon for 2015, all they need to do is what they have been doing and the $50M should be a no brainer. The only issue I see is on the Regent side since they are building a new ship. There may be consideration given for this.

Don't believe you understand what the $50M bonus is for. It doesn't make sense to be based on previous spending, it almost has to be based on the current planed expenditures for the next year and savings from that. Reducing the spend on the Explorer would probably be included but, NCL wants savings from what PCH is currently planning on spending.

Using your scenerio, why would there even be a bonus, NCL could simply pay the additional $50M upon closing. Doing what they are doing is not a cost savings and what NCL is looking for. NCL is looking for real new savings. By combining purchases there should be savings because of volume and that should count. Also, can see combining of departments like Air, Destinations, Planning, Customer Service, etc. as viable cost savings by reducing costs and unfortunately staff. These are some of the savings that NCL is looking for. Since we cannot know what the agreement says, have to guess that there would be other savings thru changes in the operations that would help with the bonus. After all, lower costs mean higher profits and that is usually the goal of company management and stockholders.

Highly doubt that doing what they are currently doing will result in bonuses and that significant savings from current projections will be required.

Don't believe you understand what the $50M bonus is for. It doesn't make sense to be based on previous spending, it almost has to be based on the current planed expenditures for the next year and savings from that. Reducing the spend on the Explorer would probably be included but, NCL wants savings from what PCH is currently planning on spending.

 

Using your scenerio, why would there even be a bonus, NCL could simply pay the additional $50M upon closing. Doing what they are doing is not a cost savings and what NCL is looking for. NCL is looking for real new savings. By combining purchases there should be savings because of volume and that should count. Also, can see combining of departments like Air, Destinations, Planning, Customer Service, etc. as viable cost savings by reducing costs and unfortunately staff. These are some of the savings that NCL is looking for. Since we cannot know what the agreement says, have to guess that there would be other savings thru changes in the operations that would help with the bonus. After all, lower costs mean higher profits and that is usually the goal of company management and stockholders.

 

Highly doubt that doing what they are currently doing will result in bonuses and that significant savings from current projections will be required.

Think you are spending a lot of time "seeing" things that are not necessarily there. Regent and Oceania Customer Service and Air remain separate almost 7 years after the Regent was acquired (in fact, Regent Air and Oceania are so different - they do not seem to be the same company). Have you tried booking air with both cruise lines? Looking at Holland America and Seabourn -- again - for many years departments were separate.

In terms of destinations........ both Oceania and Regent are planned out through May, 2016. Booking have already been made.

Although everything is speculation at this point, looking at recent history gives people a good idea of what the next year or two will bring. On our recent Regent cruise we spoke with a couple of officers that shared some of what they were told would happen in the next five years. For this reason, they are not jumping ship to other cruise lines (and some have been recruited by Viking Ocean cruises but decided not to move).

In terms of Oceania and Regent passengers, we will all watch on a month to month (or daily) basis. Thankfully we have Cruise Critic so we can continue to have live reports from the ships and learn from the passengers what, if anything, has changed. We will be on Oceania shortly after the predicted closing and will be on Regent in April.

While some people will predict doom and gloom, many relax and take a wait and see approach. Do you have an Oceania or Regent cruise booked in the next year and half? Perhaps you could give your impressions when you are onboard.

After all, lower costs mean higher profits and that is usually the goal of company management and stockholders.

Lower costs mean higher profits only when the lower costs don't substantially impact revenue. It's a delicate balance and one that a luxury cruise line (or thereabouts) can't get wrong.

Norwegian Cruise Line Holdings Ltd. (NASDAQ: NCLH) announced today that hospitality veteran Drew Madsen has joined as president and chief operating officer of Norwegian Cruise Line.

 

Madsen has more than 30 years of leadership experience in the hospitality and consumer products industry, most recently as president and chief operating officer at Darden Restaurants, Inc., the world’s largest full-service restaurant company.

I know where Red Lobster has gone. Guess they will replace Polo with Red Lobster and Toscana with Olive Garden. :D

Please not Red Lobster, I prefer LongHorn. :D

On the positive side they do also own Capital Grille. Never been - we avoid chains, but some like that particular chain.

After an acquisition bonuses are sometimes paid to ensure that top staff stay on for a transition period at least. And one would logically expect cost savings by merging buying power especially on air seats. The more seats you buy the more clout of have with the airline sales people and the deeper the discounts.

And TC - as I understand it Oceania and Regent ARE buying seats and all other items as a unit. This would certainly not affect their customer service people nor the people that you deal with regarding your own air arrangements. It makes sense to have "dedicated" staff for that for each line as amongst other things they are expected to know their customers. But buying seats doesn't (and shouldn't) involve the customer. Just get the best deal you can in each case!

RCCL (Royal Caribbean) has owned Celebrity since 2009 and even though we didn't start cruising Celebrity until 2011, from what I've read on the boards over that time, Celebrity has stayed pretty much a notch above HAL, Princess and two notches above Carnival, Costa, NCL, and the "archival" RCCL.

Not that it really matters, but RCCL bought Celebrity in 1997.

 

And TC - as I understand it Oceania and Regent ARE buying seats and all other items as a unit. This would certainly not affect their customer service people nor the people that you deal with regarding your own air arrangements. It makes sense to have "dedicated" staff for that for each line as amongst other things they are expected to know their customers. But buying seats doesn't (and shouldn't) involve the customer. Just get the best deal you can in each case!

Agree about getting the best deal. In terms of Oceania and Regent air, our experience has been that Oceania air is more expensive (considerably so) to upgrade to business class. And, we were unable to use an airline on Oceania that was available on Regent (which resulted in a cancelled booking).

To posters referring to Celebrity, a very dear friend dumped Celebrity because so many things are simply "not what they used to be".