Cruise into Convenience: Norwegian Cruise Line Holdings expands strategic collaboration with PayPal
Rhea-AI Summary
PayPal Holdings (NASDAQ: PYPL) has expanded its strategic partnership with Norwegian Cruise Line Holdings (NYSE: NCLH), enabling PayPal as a checkout option for all U.S.-based cruise reservations across Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. The collaboration includes continued use of PayPal Braintree for credit-card processing for both reservations and shipboard payments.
According to data provided, customers using PayPal experience 43% faster checkout compared to traditional methods, and the payment platform has demonstrated an average 84% increase in conversion among online travel customers. This integration aims to enhance the booking experience by providing a more convenient and secure payment option for cruise reservations.
Positive
- Integration shows 43% faster checkout compared to traditional methods
- Demonstrates 84% increase in conversion rate for online travel payments
- Expands payment processing reach in cruise industry through both direct PayPal and Braintree services
Negative
- None.
News Market Reaction – PYPL
In the trading session that priced this news, PYPL gained 0.08%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
In addition to offering travelers the ability to checkout with PayPal, Norwegian Cruise Line Holdings will continue to leverage PayPal Braintree for credit-card processing for both reservations and all shipboard payments.
"At PayPal, we're making travel more seamless for consumers by deepening our relationship with well-loved global travel brands," said Suzan Kereere, President, Global Markets, PayPal. "With Norwegian Cruise Line Holdings, we're offering people a convenient way to book their dream cruises all the way from reservations to experiences on high seas."
Customers who pay with PayPal enjoy a
"The implementation of PayPal marks a major milestone in our payments acceptance journey. At Norwegian Cruise Line Holdings, we are committed to providing guests with more variety and more value through elevated offerings," said Harry Sommer, President and CEO at Norwegian Cruise Line Holdings Ltd. "The addition of PayPal as an easy and secure option to pay for their cruise is a key contributor to providing our guests with the best vacation and experience possible."
About PayPal
PayPal has been revolutionizing commerce globally for more than 25 years. Creating innovative experiences that make moving money, selling, and shopping simple, personalized, and secure, PayPal empowers consumers and businesses in approximately 200 markets to join and thrive in the global economy. For more information, visit https://www.paypal.com, https://about.pypl.com/ and https://investor.pypl.com/.
About Norwegian Cruise Line Holdings Ltd.
Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) is a leading global cruise company that operates Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises. With a combined fleet of 32 ships and approximately 66,500 berths, NCLH offers itineraries to approximately 700 destinations worldwide. NCLH expects to add 13 additional ships across its three brands through 2036, which will add approximately 41,000 berths to its fleet. To learn more, visit www.nclhltd.com
Media Relations Contact:
Malini Mitra, malini.mitra@paypal.com and mediarelations@paypal.com
i PYMNTS.com, The 2022 Buy Button Report: Accelerating Checkout Optimization. August 2022. N=636: Merchants that accepted at least one buy button in Q2-2022, fielded May 23, 2022–June 5, 2022. Compared to merchants that do not use the PayPal button feature. |
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SOURCE PayPal Holdings, Inc.