OneSpaWorld Announces New Multi-Year Agreement

Rhea-AI Summary

OneSpaWorld Holdings Limited (NASDAQ: OSW) has entered into a new agreement with Celebrity Cruises to provide exclusive wellness services across 14 Celebrity vessels, including upcoming vessels. The multi-year agreement aims to enhance guest experience with a range of wellness services.

OneSpaWorld to Provide Its Exclusive and Immersive Wellness Experience Across 14 Celebrity Vessels including Celebrity Ascent and upcoming Celebrity Xcel

NASSAU, Bahamas--(BUSINESS WIRE)-- OneSpaWorld Holdings Limited (NASDAQ: OSW), the pre-eminent global operator of health and wellness centers on board cruise ships and a leading operator of health and wellness centers at destination resorts worldwide, has announced the entry into a new agreement with Celebrity Cruises, extending the long-standing successful relationship with the brand. The multi-year agreement commenced January 1, 2024, covering Celebrity’s currently operational and planned vessels, along with all additional vessels that come into service during the term of the agreement.

Leonard Fluxman, Executive Chairman, CEO and President of OneSpaWorld said, “We are honored to enter into a new agreement with Celebrity Cruises that extends our relationship and adds exciting new features to our operations in spas and fitness centers onboard Celebrity vessels. We remain committed to providing unparalleled service levels to our guests, and we believe this new agreement advances this objective while further cementing our position as the pre-eminent industry leader in the operation of health and wellness centers at sea. We look forward to continuing our longstanding partnerships with Celebrity Cruises.”

Under the new agreement, OneSpaWorld will operate a varied suite of wellness, beauty, acupuncture, medi-spa, and fitness services across Celebrity Cruises’ fleet, crafting a bespoke offering of products and programs tailored specifically for guests looking for extraordinary wellness experiences during their vacation.

About OneSpaWorld

Headquartered in Nassau, Bahamas, OneSpaWorld is one of the largest health and wellness services companies in the world. OneSpaWorld’s distinguished health and wellness centers offer guests a comprehensive suite of premium health, wellness, fitness, and beauty services, treatments, and products, currently onboard 193 cruise ships and at 51 destination resorts around the world. OneSpaWorld holds the leading market position within the cruise line industry of the historically fast-growing international leisure market and has been built upon its exceptional service standards, expansive global recruitment, training, and logistics platforms, irreplicable operating infrastructure, extraordinary team, and a history of service and product innovation that has enhanced its guests’ personal care experiences while vacationing for over 65 years.

Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. The expectations, estimates, and projections of the Company may differ from its actual results and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” or the negative or other variations thereof and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, expectations with respect to future performance of the Company, including projected financial information (which is not audited or reviewed by the Company’s auditors), and the future plans, operations, and opportunities for the Company and other statements that are not historical facts. These statements are based on the current expectations of the Company’s management and are not predictions of actual performance. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Factors that may cause such differences include, but are not limited to: the impact of the COVID-19 pandemic on our business, operations, results of operations, and financial condition, including liquidity for the foreseeable future; the demand for the Company’s services together with the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors or changes in the business environment in which the Company operates; changes in consumer preferences or the market for the Company’s services; changes in applicable laws or regulations; the availability or competition for opportunities for expansion of the Company’s business; difficulties of managing growth profitably; the loss of one or more members of the Company’s management team; loss of a major customer and other risks and uncertainties included from time to time in the Company’s reports (including all amendments to those reports) filed with the SEC. The Company cautions that the foregoing list of factors is not exclusive. You should not place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based, except as required by law. These forward-looking statements should not be relied upon as representing the Company’s assessments as of any date subsequent to the date of this communication.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240312840860/en/

ICR:

Investors:

Allison Malkin, 203-682-8225

allison.malkin@icrinc.com



Follow OneSpaWorld:

Instagram: @onespaworld

Twitter: @onespaworld

LinkedIn: OneSpaWorld

Facebook: @onespaworld

Source: OneSpaWorld Holdings Limited

FAQ

What is the ticker symbol for OneSpaWorld Holdings Limited?

The ticker symbol for OneSpaWorld Holdings Limited is OSW.

What type of agreement has OneSpaWorld entered into with Celebrity Cruises?

OneSpaWorld has entered into a multi-year agreement with Celebrity Cruises to provide wellness services across their fleet of vessels.

When did the new agreement between OneSpaWorld and Celebrity Cruises commence?

The new agreement between OneSpaWorld and Celebrity Cruises commenced on January 1, 2024.

What services will OneSpaWorld offer across Celebrity Cruises' fleet under the new agreement?

OneSpaWorld will offer a varied suite of wellness, beauty, acupuncture, medi-spa, and fitness services across Celebrity Cruises' fleet.

How does OneSpaWorld aim to enhance guest experience through the new agreement with Celebrity Cruises?

OneSpaWorld aims to provide guests with extraordinary wellness experiences tailored specifically for their vacation on Celebrity Cruises' vessels.