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Average Occupancy Rate
Measures the share of available berths occupied on average, indicating how efficiently the fleet’s capacity is being converted into paying customers. High occupancy supports pricing strength and fixed-cost absorption; low occupancy suggests revenue risk or excess capacity.Occupancy has moved from a seasonal recovery into a clear, sustained step-up starting in 2025, signaling materially stronger demand and booking momentum that underpins management’s higher yield and revenue guidance. That tighter capacity dynamics support pricing power and revenue per available guest night, but investors should weigh front‑loaded capacity growth, higher operating/royalty costs and dry/wet‑dock timing that could temper early‑year margin improvement even as EBITDA strength is expected to back‑load into H2.
Date | Average Occupancy Rate |
|---|---|
Jun 30, 2026 | 91.00 |
Mar 31, 2026 | 93.00 |
Dec 31, 2025 | 87.00 |
Sep 30, 2025 | 88.00 |
Jun 30, 2025 | 86.00 |
Mar 31, 2025 | 89.00 |
Dec 31, 2024 | 78.00 |
Sep 30, 2024 | 82.00 |
Jun 30, 2024 | 78.00 |
Mar 31, 2024 | 76.00 |