Regent Seven Seas Cruises will post net income of $5.0 million on revenues of $504.6 million for 2012, compared to net income of $1.4 million on revenues of $495.2 million for 2011, based on the company’s recently announced preliminary results for Q4. The company plans to report final results in March.
Gross revenue per passenger day in 2012 is estimated at $782.31 over $803.19 for 2011. Net income per passenger day is estimated at $7.77 for 2012, compared to $2.32 for 2011.
Pending final results for the year, Regent reported net revenue per passenger day of $536.43 for the first nine months of 2012, compared to $556.73 the year before.
Regent also reported operating income at $91.45 per passenger day for the first nine months of 2012, compared to $98.91 for 2011.
The three-ship fleet had an average occupancy level of 94.5 percent in 2012, including Regent’s preliminary Q4 results, and 92 percent in 2011.
Commenting earlier on its preliminary Q4 results, Frank Del Rio, CEO and chairman, stated that the company was pleased with the Q4 results despite a challenging European environment and distractions caused by the U.S. presidential elections and Hurricane Sandy.
Del Rio said that in order to drive demand, Regent has added more value to its product rather than discount fares, which did increase product offering costs for the quarter.
He said that booking patterns for 2013 are stable while pricing is up in the mid-single digits compared to the same time last year.