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Viking Cruises – Company Profile

Introduction

Viking Cruises is a leading global travel company specializing in river, ocean, and expedition cruises. Founded in 1997 by Norwegian entrepreneur Torstein Hagen, Viking has grown from a small river cruise operator into one of the world’s largest and most award-winning cruise lines.

Company Overview

Full Name: Viking Cruises
Founded: 1997
Founder & CEO: Torstein Hagen
Headquarters: Woodland Hills, California, USA
Fleet Size: Over 90 ships
Global Presence: Offices in 11 countries
Employees: 10,000+

Business Model

Viking operates as a destination-focused cruise line, offering culturally immersive experiences. The company caters primarily to adult travelers, with a policy of not allowing children under 18 on most of its cruises. This approach appeals to its target demographic of affluent travelers aged 55 and older.

Fleet and Operations

Viking’s fleet includes:

River Cruises: Modern longships navigating Europe’s rivers, the Nile, and the Mekong.
Ocean Cruises: Smaller ships designed for direct access to ports, featuring Scandinavian design and all-veranda accommodations.
Expedition Cruises: Ships equipped for voyages to polar regions and other remote destinations.

Financial Highlights

2023 Revenue: $4.7 billion
Adjusted EBITDA (2023): $1.09 billion
2023 Net Loss: $1.86 billion, attributed to refinancing efforts
IPO: In 2023, Viking Holdings Ltd. went public on the New York Stock Exchange, raising $1.54 billion at a valuation of approximately $10.36 billion.

Strategic Initiatives

Fleet Expansion: Plans to introduce 18 new river ships by 2028 and six new ocean ships by 2026.
Sustainability: Focus on environmental responsibility, including the development of hydrogen-powered ships in collaboration with Fincantieri.
Market Expansion: Growing presence in China with ships dedicated to Chinese guests.

Conclusion

Viking Cruises continues to set the standard in the cruise industry with its commitment to cultural enrichment, luxury, and sustainability. The company’s strategic initiatives and focus on adult travelers position it for continued success in the global travel market.

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Human Resources Manager

Corporate Travel Specialist

Manager Purchasing

Privacy Manager

Recertification Program Ocean to River

Manager, HR Analytics

Data Privacy & Compliance Analyst

Specialist in Geology/Glaciology – Great Lakes

Manager Maintenance

Storekeeper

Utility