8 On Your Sides Shannon Behnken called Viking about the refund, but the company cited Douglass cancelation as the reason he didnt get his refund. Carnival does not have a loyalty lounge, which removes one option for working passengers. Furthermore, the company has sought out new sources of funding, such as grants and loans, in order to stay afloat. Viking Cruises Founder Loses 66% Of Wealth As Pandemic Hits - Forbes Viking Cruises financial struggles are not just limited to their annual losses. Can't wait to reach 10 and have included gratuities and 20 with a free cruise. We like that the ship is smaller, with less passengers, more inclusive, and fairly easy to deal with. My moneys on the players being too greedy and wanting to make as much money as possible. It also looks at strategies taken by Viking Cruises to survive its financial troubles, such as cost reduction initiatives, re-allocation of resources, and alternative revenue streams. Like us? The 665-foot Viking Octantis cruise ship docks at the Detroit Riverwalk near Hart Plaza in Detroit on Monday, May 1, 2023. Viking Cruises has announced that its river and ocean operations will remain on hold through May 31, 2021, which means cruises won't resume until June at the very earliest. You will be able to leave a comment after signing in, Copyright 19952023 The Independent Traveler, Inc. For instance, even if you were to spend a considerable amount of money on the game, you would not get anything out of it as it is too new and requires significant investment to get started. Smaller ships typically tout their ability to go places the larger ships cant. The company has had to suspend operations multiple times since the start of the pandemic, resulting in a significant decrease in revenue. Once, long before cruising, the world was flat. Now that you have a good overview of the cruising experience, which cruise line should you choose? Viking takes no responsibility for updating the information contained in this press release following the date hereof to reflect events or circumstances occurring after the date hereof or the occurrence of unanticipated events. I know that makes little sense! Cruising is a popular way of traveling for many people, offering a unique experience that combines the convenience of a floating hotel with the excitement of visiting multiple destinations in one trip. We are elite plus on Celebrity with almost 30 cruises. The game is not the only game on the market. Our first long cruise was a memorable European jaunt from Venice to Athens that included Odessa in the Ukraine shortly after the demise of the Soviet Union. If they were not in a financially sound position, they would not have taken the industry lead in stopping operations. The ship is the best part of the cruise for us on O. Best for river cruises. Budget Travel | River Cruises: Watch out for bankruptcies There are several possible scenarios for Viking Cruises future. What is the average age on a Viking River cruise? if so then Oceania is not for you. Most cruise lines do not allow passengers to bring their own alcohol. First, there is no one we would transfer a $17K trip to. The popular German river cruise company Peter Deilmann Cruises will shut down its river cruise operation by year end due to money trouble. Or, as some people have it, they are both too lazy to play. Viking takes no responsibility for updating the information contained in this press release following the date hereof to reflect events or circumstances occurring after the date hereof or the occurrence of unanticipated events. We'd seen the ads over the years but didn't want kids, drunk college types or twentysomethings, swingers, or the formal blue-hair crowd experience. Interesting to hear/read the expert opinions of those claiming Viking will come out of this unscathed based on little to no factual information.if we all based our opinions on hopes and dreams the world would be a different place! And, in many cases, these are the type of people who will never spend a dime on a vacation. Whether you're settling in and getting ready to start a family, or you're looking to add a new member to your happy household, Top Products. I am sure you are all going to be shocked but there is a reason why Viking Cruises is in such financial trouble. Small shower. This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the Additional Notes, nor does it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful. Viking River Cruises: Reviews, Complaints, Customer Claims Do Metamucil Gummies Work as Well as Powder. And construction costs for future ships are funded by construction loans that Viking has already obtained and is drawing on. This spring, Le Creuset has introduced an exciting new shade thats already selling fast: shallot, a soft lavender with pink and slight gray undertones. This press release contains statements regarding beliefs and expectations of the outcome of future events that are forward-looking statements, including, without limitation, statements with respect to the use of proceeds of the Notes. Finally, the company should look into expanding its presence in new markets in order to increase its profits. We know that it was never true, but thankfully there were those who believed differently and took the risks to realize a different world. There are several reasons why Viking Cruises is struggling financially. I find myself still trying to process my opinion on the Virgin cruise, lol. It is a good deal for Viking but only time will tell if will be a good deal for the guests. What are the best products for supporting women's fertility? He is anti Viking, his posts will confirm this, he regularly pops up tospread dissent and worry. A federal judge ruled that Norwegian Cruise Line can ask passengers for proof of vaccination before sailing, putting a hold on Florida's vaccine passport ban. As life has happened, my wife has more and more difficulty walking any distance. So I keep throwing out ideas and hope something sticks! Viking Cruises founder and chairman Torstein Hagen was the hardest hit among Norway's richest by the What would you like to see and do while you're onboard? We're in bed by 10 or 11 PM, watching only the comics, so that we can be up and get off the ship the next day for the entire day seeing and doing things. We wanted to end in Norway for this trip so while Im not wild about the itinerary, it suits our needs. There are a couple catching our eye, but at the top of the list is Oceania sailing several islands in the Med we have not been to on Vista. Viking Announces Return of European River Cruises in July - Travel Looking at the same menus, hearing the same lectures and jokes, and the constant cutbacks drove us to find a different experience. We moved on to try Windstar, Viking, and Oceania. It did not feel crowded. In response to its financial struggles, Viking Cruises has implemented various strategies in order to remain profitable. Additionally, the company has had to incur additional expenses related to the pandemic, such as purchasing personal protective equipment for crew members and providing refunds to customers who had already booked cruises. Where is the best place to get a travel visa? Very relaxing, and not much entertainment, we never really go to any of the shows on other lines anyway, but the bars start closing after 11 pm. How sad to be overwhelmed bysuchfestering hate, what an unhappy person he must be. This article will explore the reasons behind Viking Cruises financial troubles and what the future may hold for the cruise line. Add to the fact that Moody's has downgraded Viking's credit status (public information) and I don't think the outlook is all rainbows and unicorns..just saying, So a company based in Switzerland with ships flagged in Norway would get a loan from the US gov't?? We dont want to be with other peoples kids. I understand. If the company is able to successfully implement its cost-cutting measures and attract new customers, then it could return to profitability in the long-term. The developers are in trouble because we are not in financial trouble. the company execs dont know you, dont care whether you love them and all that they do or if you see things differently, and theyre not going to reward you for being the most loyal on CC. If not Vista, enjoy your cruise on whatever ship and the many itineraries that are NOT in the Caribbean. We're going on our first Oceania cruise in 11 days, and can hardly wait! We dont like buffets. Viking Longship Christening If you choose to prepay gratuities, the gratuity rate for European river cruises is $18 per day, per person. Finally, the company should look into expanding its presence in new markets in order to increase its profits. We're all happy to see the game continue, its just that the game is not the only game on the market. Viking generates around $3 million in revenue each year. The offering was upsized from an original offering size of $100 million aggregate principal amount ofAdditional Notes. 100% of something is better than 125% of nothing. I also took a look at Seabourn for the h&$ of it, and their itineraries are not attractive to us. Save my name, email, and website in this browser for the next time I comment. Dinner became a tapas ( small plate) after thought. Viking Cruises has implemented several strategies in order to remain profitable. Some cruise lines require passengers to be at least 18 years old, while others allow passengers as young as 6 months old. Which luggage store is the best? All of that was amazingthe crew was the happiest and most upbeat group I have ever seen on a ship. Additionally, the companys efforts to secure new sources of funding have helped to stabilize its finances. He has been blocked by many and many of his posts have been removed. For us, it's only the case sometimes. Viking intends to use the net proceeds from the Unsecured Notes for general corporate purposes. In October, will circumnavigate S America over 73 days again w/ HAL, again rt Ft Lauderdale (Seattle resident) - with an excursion to the Galapagos Islands, cruising around Antarctica and down the Amazon river. Additionally, the company should focus on introducing innovative products and services in order to differentiate itself from its competitors. This has resulted in a significant drop in revenue for Viking Cruises, as well as an increase in expenses related to the pandemic. But, in recent years, some cruise lines have introduced truly flexible seating that allows you to eat when you please in the formal dining rooms. Additionally, securing additional sources of funding could help the company remain solvent. They are streets ahead of the competition, and we are all poised, dreams in place, to be there again ASAP..I'm sure..The knockers are always raising their ugly heads, lets ignore and be grateful. Are Viking cruises in financial trouble? (2023) When looking for an itinerary for this year, first since Oct 19/Covid, I looked to them first. Top Consumer Reviews may earn money when you click on a link. The company has had to cancel or postpone many of its cruises, resulting in a decrease in customers. We travel on a cruise ship for the itinerary. We wanted a quiet classy ship that took us to interesting places and respected our age. We appreciate loyalty perks. Another factor that can influence which cruise line you choose is the itinerary. Did Alaska on Azamara Quest in 19 with 4 day land portion first. The only cruise lines we have been on are RCL and Oceania. Were all happy to see the game continue, its just that the game is not the only game on the market. [UPDATE 7/10: Its ocean cruises will continue to operate.] I suspect he is a disgruntled passenger with an axe to grind or is working for a competitor. The ship was very modern, albeit a little less "intuitive" when it comes to getting around than some of the newer mega ships. We found that a cruise is what you make of it, and carnival was an inexpensive vacation. Cruise lines claim they're following rules.