Operational Highlights
Havila Kystruten AS has made significant strides in its operations, showcasing notable increases in occupancy and revenue. In April, the occupancy rate rose to 69%, up from 65% a year earlier. This upward trend reflects the company's ongoing efforts to enhance customer experience and operational efficiency.
Revenue Growth
The Average Cabin Revenue (ACR) saw an impressive increase of nearly 30% year-over-year, indicative of effective pricing strategies and demand for the company’s services. Despite some capacity limitations caused by the Havila Castor being in dry-dock, total ticket revenue still grew by over 20% when compared to the previous year. This is a remarkable achievement that underscores the resilience and adaptability of Havila Kystruten.
Booking Position for 2025
As the company continues to look ahead, the booking situation for 2025 appears very promising. By the end of April, 60% of the total capacity for the year has already been booked, which translates to approximately 80% of the target for cabin nights. The occupancy forecast for the second quarter stands at an optimistic 72%, bettering last year’s occupancy by 3%. This growing trend indicates that the company is on track to exceed its last year’s performance.
Improved Distribution of Bookings
This year, there has been a more balanced distribution of bookings across both northern and southern routes, a strategic change that enables the company to execute further sales closer to departure dates. The upcoming Q4 campaigns will also launch about three months later than previous years, reinforcing the potential for improved overall occupancy throughout the year.
Looking Ahead to 2026
Beyond just 2025, the outlook for Havila Kystruten AS regarding bookings for 2026 is also positive. Currently, 21% of the 2026 capacity has been secured, with an increase in average prices compared to 2025. This promising booking trend sets a solid foundation for continued revenue growth and an anticipated expansion of EBITDA margins as the company aims to build on its strengths in the upcoming periods.
Future Revenue Growth
The forward bookings not only demonstrate consumer confidence but also support the company's strategy for continued revenue progression. As demand remains high and prices align favorably, Havila Kystruten looks prepared to enhance its market position while delivering extraordinary travel experiences to its customers.
Company Contacts
For more information, you may contact:
Chief Executive Officer: Bent Martini, +47 905 99 650
Chief Financial Officer: Aleksander Røynesdal, +47 413 18 114
Frequently Asked Questions
What operational improvements has Havila Kystruten AS made?
The company has improved occupancy rates and increased Average Cabin Revenue significantly over the past year.
How is Havila Kystruten planning for 2025?
With 60% of capacity booked, the company expects a positive trend in occupancy, particularly in Q2 2025.
What indicates Havila's growth moving into 2026?
Forward bookings represent 21% of capacity at higher average prices, suggesting strong demand and revenue potential.
Who can I contact for more information about Havila Kystruten AS?
Contact Bent Martini or Aleksander Røynesdal using the provided phone numbers for inquiries.
What is the impact of dry-docking on operations?
While there were capacity challenges due to the dry-docking of Havila Castor, revenue growth remained strong, demonstrating the resilience of the business model.
