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Average Resort Count
Measures the typical number of land-based resorts the company operates, showing the size and geographic reach of its resort business. Growth in resort count signals expansion and more stable revenue sources, while declines or high turnover point to contract loss or exposure to local tourism cycles.The sharp drop in average resort count in early 2026 reflects management’s active exit/reorganization of land‑based operations (UK/Italy closures) rather than underinvestment in core offerings. Management is reallocating capacity toward its growing cruise fleet and higher‑value onboard services (medi‑spa expansion and AI‑driven upsells), which is lifting revenue and EBITDA but concentrates growth on ships and raises sensitivity to itinerary mix and seasonality; the resort contraction is strategic pruning that boosts margin upside but reduces diversification and poses downside to destination revenue if exits persist.
Date | Average Resort Count |
|---|---|
Jun 30, 2026 | 18.00 |
Mar 31, 2026 | 37.00 |
Dec 31, 2025 | 48.00 |
Sep 30, 2025 | 50.00 |
Jun 30, 2025 | 50.00 |
Mar 31, 2025 | 49.00 |
Dec 31, 2024 | 50.00 |
Sep 30, 2024 | 52.00 |
Jun 30, 2024 | 52.00 |
Mar 31, 2024 | 51.00 |