Welcome to our dedicated page for VIKING HOLDINGS news (Ticker: VIK), a resource for investors and traders seeking the latest updates and insights on VIKING HOLDINGS stock.
Viking Holdings Ltd (NYSE: VIK) generates a steady flow of news as a global experiential travel company with a large fleet of small ships operating on rivers, oceans and lakes. News about Viking often highlights its destination-focused voyages, fleet developments, marketing partnerships and recognition from leading travel publications and organizations.
Investors and travelers following VIK news can expect updates on new river, ocean and expedition ships joining the fleet, as well as information on long-term capacity plans described in company communications and filings. Press releases frequently cover the delivery of specific river vessels designed for waterways such as the Rhine, Main, Danube and Nile, along with broader fleet milestones as the company expands its presence across 21 rivers, five oceans and all seven continents.
Viking’s news flow also includes announcements about marketing and sponsorship agreements that align with its focus on culture and experiential travel. Recent examples include partnerships with the Norwegian Football Federation and a multi-year marketing partnership that designates Viking as the Official Cruise Line of the PGA TOUR and PGA TOUR Champions. The company also highlights its support for cultural institutions and projects, such as its long-standing relationship with Highclere Castle.
Another recurring theme in Viking’s news is industry recognition. Releases often detail awards from Condé Nast Traveler, Travel + Leisure, U.S. News & World Report and Cruise Critic across river, ocean and expedition categories. Financial news, including quarterly results furnished on Form 6-K, provides additional context on booking trends, fleet growth and key performance metrics.
This page aggregates such announcements so readers can track Viking’s latest voyages, partnerships, awards and financial updates in one place.
Viking (NYSE: VIK) has launched an enhanced Travel Advisor Portal to provide partners with improved tools for booking and marketing. The new platform offers features such as engaging marketing content, co-branded website building assets, and access to the Travel Advisor Academy. Key enhancements include:
- Intuitive search filters for multiple cruise types
- Offer code search feature
- Improved booking dashboard
- Interactive room selection
- Ability to add Air Plus during online booking
- eQuote generation
Viking also recently swept the 2024 WAVE Awards from TravelAge West, winning in five categories including Best River Cruise Line for U.S. Sailings and Cruise Line with the Highest Client Satisfaction for ocean voyages.
Viking launches 'Summer of France' campaign, coinciding with the Paris Games. The initiative aims to inspire travelers for 2025 voyages in France, showcasing unique offerings like exclusive docking in Paris and Privileged Access experiences in Bordeaux and the French Riviera.
Highlights include:
- River voyages: Paris & the Heart of Normandy, Châteaux, Rivers & Wine, Lyon & Provence
- Ocean voyages: Malta, Morocco & the Mediterranean, Iconic Western Mediterranean
- Pre & Post Land Extensions in Aix-En-Provence, Burgundy, Loire Valley, and Paris
Viking offers special promotions until July 31, 2024, including free international airfare and $25 deposits on all-inclusive river and ocean voyages featuring France.
Viking (NYSE: VIK) has been named a “World’s Best” for oceans, rivers, and expeditions by Travel + Leisure readers in the 2024 World’s Best Awards. Viking achieved the top spot in oceans and expeditions categories and was recognized as one of the best river lines. Additionally, Viking holds the #1 position in oceans, rivers, and expeditions as per Condé Nast Traveler readers, marking a historic achievement of receiving the same honors from both publications two years in a row. Torstein Hagen, Chairman and CEO of Viking, attributes these accolades to the company's unique approach and the efforts of the Viking family worldwide. In 2023, Viking also dominated the Cruise Critic Editors’ Picks Awards with seven awards and was highly rated in the U.S. News & World Report’s 2024 Best Cruise Lines ranking.
Viking (NYSE: VIK) announced the float out of its newest ocean ship, the Viking Vesta, marking a key construction milestone. The 998-guest ship with a gross tonnage of 54,300 tons and 499 staterooms will debut in July 2025, initially sailing itineraries in the Mediterranean and Northern Europe. The float out ceremony took place at Fincantieri’s shipyard in Ancona on July 4, 2023. The Viking Vesta will then undergo final construction and interior build-out at a nearby outfitting dock. Viking also plans to welcome an identical sister ship, the Viking Vela, later this year. The company's approach of focusing on thoughtful travel experiences has earned it high ratings from Condé Nast Traveler.
Viking has received top honors across five categories in the 2024 WAVE Awards by TravelAge West. The accolades, voted by travel advisors and readers, recognize Viking's excellence in river, ocean, and expedition voyages. Key awards include 'River Cruise Line Providing the Best Travel Advisor Support' and 'Cruise Line with the Highest Client Satisfaction.' This follows a string of recent recognitions, including top spots in Condé Nast Traveler's 2023 Readers' Choice Awards and Travel + Leisure's 2023 World's Best Awards. Viking's continued success highlights its strong relationships with travel advisors and its commitment to high client satisfaction.
Viking has commenced its third season in the Great Lakes with the deployment of its expedition ships, Viking Octantis and Viking Polaris. Notably, the company announced new 2026 itineraries, including a 10-day and a 17-day journey that will, for the first time, bring a Viking ship to Chicago. These voyages will explore various destinations, such as Niagara Falls and the Welland Canal. In addition, Viking has introduced innovative scientific programs, including real-time genetic sequencing of phytoplankton at sea. The company has partnered with the NOAA and other scientific bodies to further research and environmental monitoring in the region. Viking's vessels offer unique amenities such as The Aula auditorium, Finse Terrace, and advanced scientific labs. Rated #1 for Expeditions by Condé Nast Traveler, Viking aims to provide enriching travel experiences while emphasizing environmental responsibility. Bookings for the new itineraries are now open.
Viking Holdings (NYSE: VIK) released its Q1 2024 financial results. Total revenue rose to $718.2 million, marking a 14.2% increase year-over-year. Adjusted Gross Margin increased by 19.1%, reaching $495.3 million. The company reported a Net Yield of $508 and a rise in Adjusted EBITDA by $46.1 million. Despite these gains, Viking posted a significant net loss of $493.9 million, primarily due to a $330.5 million loss related to Private Placement derivatives. Occupancy increased to 94.0% from 92.8% in Q1 2023. Viking has promising advance bookings, with 91% of the 2024 capacity and 39% of the 2025 capacity already sold. The company also completed a $1.8 billion initial public offering, receiving net proceeds of $245.5 million. S&P upgraded Viking's corporate rating to BB-. Additionally, Viking is set to take delivery of two river vessels and one ocean ship this year.
Viking (NYSE: VIK) has pioneered real-time environmental DNA (eDNA) sequencing of phytoplankton on board their expedition fleet, specifically the Viking Octantis®. This initiative, supported by UC San Diego's Scripps Institution of Oceanography and the J. Craig Venter Institute, aims to monitor the environmental impact on phytoplankton directly at sea, eliminating the need to transport samples to onshore facilities. This marks a significant advancement in marine research, contributing to better understanding of oceanic ecosystems. Viking’s collaboration extends to various institutions including the University of Cambridge and the Cornell Lab of Ornithology. By converting onboard PCR labs, Viking facilitates meaningful scientific research during expeditions to Antarctica and the Great Lakes. This project emphasizes Viking’s commitment to environmental responsibility and scientific discovery, leveraging advanced technology to gather critical data on the ocean's plankton communities and their response to climate change.
Viking Holdings (NYSE: VIK) has scheduled a conference call to discuss its first quarter 2024 financial results. The call will take place at 8:00 a.m. Eastern Time on Wednesday, May 29, 2024. The financial results will be released before the market opens on that day. The call will be webcast live on the company's investor relations website, and a replay will be accessible for 30 days.
Viking (NYSE: VIK) announced the float out of its newest ship, the Viking Sobek, destined for the Nile River. This 82-guest vessel marks a pivotal construction milestone and is set to debut in Fall 2024. The Viking Sobek will offer a 12-day 'Pharaohs & Pyramids' itinerary, starting with a three-night stay in Cairo and followed by an eight-day cruise on the Nile, visiting historical sites like the Valley of the Kings and Abu Simbel. This ship is the sixth addition to Viking’s Egypt fleet, which includes the Viking Osiris and Viking Ra. Viking's CEO, Torstein Hagen, expressed excitement about expanding their offerings in Egypt, a historically rich and popular destination. The announcement follows accolades for Viking’s cruises, including mentions in Condé Nast Traveler and Forbes.