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Viking Holdings Ltd (symbol: VIK) is a renowned travel company specializing in unique and immersive travel experiences. With a fleet of 92 small, state-of-the-art ships, often referred to as floating hotels, Viking offers unparalleled travel adventures across all seven continents. The company excels in three main categories of the cruise industry: river, ocean, and expedition cruising.
Viking Holdings Ltd categorizes its offerings based on the type of cruise and the language of service. The River segment primarily focuses on providing river cruises outside the United States, catering to English-speaking passengers. The Ocean segment offers luxurious ocean cruises targeted at English-speaking travelers. The Expedition segment encompasses thrilling expedition cruises for English-speaking adventurers, including exclusive journeys along the Mississippi River and Mandarin-language cruises in China under the Viking China brand.
Recent achievements of Viking Holdings Ltd include significant expansions in their fleet and destinations, ensuring a broader range of travel options for their guests. Their commitment to delivering high-quality services and memorable travel experiences has cemented their reputation in the industry.
Financially, Viking Holdings Ltd continues to show robust performance, supported by strategic partnerships and innovative projects that enhance their offerings. The company maintains a strong market presence and strives to deliver consistent growth, appealing to both seasoned travelers and those new to cruise vacations.
In summary, Viking Holdings Ltd stands as a leader in the travel and cruise industry, offering meticulously curated travel experiences across the globe. Their dedication to service excellence and continuous improvement ensures they remain at the forefront of the industry.
Viking (NYSE: VIK) has announced 10 new ocean itineraries for 2026 and 2027, expanding their routes across the Mediterranean, United Kingdom, Ireland, and Northern Europe. The new voyages, ranging from 8 to 22 days, will incorporate 12 additional recurring ports including locations in England, France, Ireland, Latvia, Lithuania, Northern Ireland, Norway, Spain, Scotland, and Sweden.
The new itineraries include diverse routes such as Amalfi Coast explorations, Spain & Portugal Discovery, Scandinavian tours, and Baltic journeys. These voyages are designed for curious travelers aboard Viking's fleet of small ocean ships, which feature no children and no casinos, focusing on destination-centric experiences.
Viking has been honored with seven awards in the 2024 Best in Cruise Awards by Cruise Critic, the world’s largest online cruise resource. Viking received awards across the Luxury (Ocean), River, and Expedition categories. In the Luxury (Ocean) category, Viking won Best Enrichment and Best Spa, continuing its streak since 2015. In the River category, Viking was awarded Best Enrichment and Best New River Cruise Ships for its new Nile ships. The Expedition category saw Viking named the #1 Cruisers’ Choice Cruise Line and awarded Best for Light Expedition and Best Spa. Viking also received high traveler ratings, ranking as a top Luxury (Ocean) and River line in the Cruisers’ Choice category. This recognition follows Viking’s #1 ratings for Oceans, Rivers, and Expeditions in Condé Nast Traveler’s 2024 Readers’ Choice Awards, and accolades from U.S. News & World Report, Women’s Health, Men’s Health, and Forbes Travel Guide. For more information, visit www.viking.com.
Viking has named its newest ocean ship, the Viking Vela, in a traditional ceremony in Trieste, Italy. The naming event celebrated Viking's partnership with Fincantieri, a major shipbuilding group. Ivana Elice, Vice President of Fincantieri's Cruise Business Unit, served as the ceremonial godmother.
The Viking Vela is a small ship with 499 staterooms accommodating 998 guests. Features include all veranda staterooms, Scandinavian design, and al fresco dining options. The vessel will begin its inaugural season in the Mediterranean before moving to Northern Europe.
The ship is designed with future sustainability in mind, capable of being retrofitted with hybrid propulsion systems using liquid hydrogen and fuel cells for zero-emission operations. Viking recently received multiple accolades, including being rated #1 for Oceans, Rivers, and Expeditions by Condé Nast Traveler in the 2024 Readers' Choice Awards.
Viking (NYSE: VIK) has taken delivery of its newest ocean ship, the Viking Vela, at Fincantieri's shipyard in Ancona, Italy. The small ship features 499 staterooms accommodating 998 guests and will operate in the Mediterranean and Northern Europe. While utilizing traditional propulsion, the vessel is hydrogen-ready for future retrofitting, aligning with Viking's development of hybrid propulsion systems for zero-emission operations. The delivery follows Viking's recent recognition as #1 for Oceans, Rivers, and Expeditions by Condé Nast Traveler, and multiple awards from U.S. News & World Report and Cruise Critic.
Viking (NYSE: VIK) has achieved top rankings in U.S. News & World Report's 2025 Best Cruise Line awards for the fourth consecutive year, winning in three categories: Best Luxury Line, Best Line for Couples, and Best Line in the Mediterranean. The rankings are based on comprehensive analysis of expert opinions, traveler reviews, and insider knowledge.
The company has also received multiple other prestigious recognitions, including being rated #1 for Rivers, Oceans, and Expeditions by Condé Nast Traveler in the 2024 Readers' Choice Awards. Viking is notably the only travel company to simultaneously receive top honors from both Condé Nast Traveler and Travel + Leisure for two consecutive years.
Viking Holdings reported strong Q3 2024 financial results with total revenue increasing 11.4% to $1,678.7 million compared to Q3 2023. Key performance metrics showed significant growth with gross margin up 18.0%, Adjusted EBITDA rising 15.3%, and diluted EPS of $0.86. The company achieved 94% occupancy and has sold 95% of its Core Products capacity for 2024 and 70% for 2025. Advance Bookings for 2024 reached $4,633 million, 14% higher than 2023, while 2025 bookings are at $4,329 million, 26% higher than 2024 at the same point. The company's net leverage improved from 3.0x to 2.4x, with $2.4 billion in cash and cash equivalents.
Viking has named two new river ships, the Viking Hathor and Viking Sobek, in a special ceremony in Luxor, Egypt. These 82-guest vessels are identical sister ships to the Viking Aton and Viking Osiris, specifically designed for Nile River navigation on the 12-day Pharaohs & Pyramids itinerary. The Hon. Edward Herbert and Mohamed El Banna served as ceremonial godfathers. Built at Massara shipyard in Cairo, these state-of-the-art ships feature Scandinavian design elements including a square bow and indoor/outdoor Aquavit Terrace. Viking plans to add four more ships by 2026, expanding their Nile fleet to 10 vessels.
Viking Holdings (NYSE: VIK) has announced it will host a conference call on Tuesday, November 19, 2024, at 8:00 a.m. Eastern Time to discuss its third quarter 2024 financial results. The company will release its financial results before market opening on the same day. The call will be accessible via webcast on Viking's investor relations website, with a replay available for 30 days after the event.
Viking (NYSE: VIK) has achieved a historic milestone in the travel industry by being voted #1 for Rivers, #1 for Oceans, and #1 for Expeditions in Condé Nast Traveler's 2024 Readers' Choice Awards for the second consecutive year. This marks the first time a travel company has won these three categories back-to-back. Viking's Chairman and CEO, Torstein Hagen, expressed gratitude to their guests and the Viking family for making this achievement possible.
This recognition adds to Viking's recent accolades, including similar honors from Travel + Leisure's 2024 World's Best Awards. Viking has also received top rankings from U.S. News & World Report, Women's Health, Men's Health, and Cruise Critic. The company's ocean ships have been rated and 'Recommended' in the Forbes Travel Guide 2024 Star Awards.
Viking (NYSE: VIK) is celebrating its historic return to China as the Viking Yi Dun completed its first voyage from Shanghai to Hong Kong. The company now offers domestic sailings along China's coast, featuring rarely-visited destinations and exclusive ports, a first for international visitors.
The 930-guest Viking Yi Dun, formerly known as Viking Sun, operates these new itineraries from September to November. The inaugural voyage was commemorated in Shanghai with cultural performances and welcomed with fanfare at various ports.
Viking has also announced new Asia voyages for 2025, including itineraries that combine China and Japan. These fully guided journeys range from 15 to 22 days, offering experiences such as exploring the Great Wall of China, visiting Tibet, and admiring Mt. Fuji.
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