Viking Cruises is a highly successful and well-respected luxury travel company that operates river and ocean cruise travel for guests around the world. The company reported record revenue of 2.1 billion euros in 2019, and is highly financially secure.
Viking Cruises boasts a robust financial portfolio and credit rating, along with strong capital and liquidity positions.
Financially, Viking Cruises also benefits from a diversified range of investments, including ownership/participation in various businesses, real estate and cruise vessels. This widespread diversification acts as a source of revenue, while their ownership of vessels helps to control costs and provides additional profit.
The company is further bolstered by its strong customer satisfaction rating and good reputation when it comes to the standard of service, safety and value for money that it provides. As evidenced by the steadily growing revenue since 2017 and total net worth, it is clear that Viking Cruises is in a very sound financial position and is likely to remain so for the foreseeable future.
This is a testament to their successful business model and commitment to providing excellent customer experiences.
Is Viking River Cruises financially stable?
Yes, Viking River Cruises is financially stable. The company is focused on sustainable growth and has a long track record of success. The company’s strong financials and liquidity position have enabled it to consistently finance its growth, including investments in its fleet and operations.
As of December 2019, Viking River Cruises had a net revenue of $973 million, a strong balance sheet with more than $1.1 billion in cash and cash equivalents and no long-term debt. Viking River Cruises also has a long-term credit facility and a revolving credit facility providing it with ample liquidity to capitalize on growth and investment opportunities.
In terms of their performance, Viking River Cruises has grown their market share substantially since their founding in 1997, with the total number of passengers more than doubling in the last five years.
Is Viking having financial problems?
At the moment, Viking is not facing any financial difficulties. Since 2007, the company has been growing and expanding, with their revenue having grown substantially year after year. In 2017, Viking had a total revenue of over $750 million, up from $500 million the previous year.
They have also been able to retain consistent profits each year, with 2017 being a record high in net income. Furthermore, the company is well-capitalized, with total financial assets exceeding total liabilities by a wide margin.
Viking’s financial health appears to be in solid shape, and their long-term prospects look good.
Is Viking Cruises Russian owned?
No, Viking Cruises is a privately owned international cruise line headquartered in Basel, Switzerland. It was founded in 1997 by Torstein Hagen, a Norwegian businessman. The company is owned by a family trust that is headed by Torstein Hagen and has no additional shareholders.
It is not Russian owned.
Who is the biggest cruise line company?
The biggest cruise line company is Carnival Corporation & plc. It is the world’s largest leisure travel company and among the most profitable and financially strong in the industry. Carnival Corporation & plc owns a portfolio of nine of the world’s leading cruise lines, enabling them to offer an unparalleled variety of experiences and destinations to a wide range of customers from around the world.
The Carnival Corporation & plc brands include Carnival Cruise Line, Holland America Line, Princess Cruises, AIDA Cruises, Costa Cruises, Cunard Line, P&O Cruises, P&O Cruises Australia and Seaborne Cruise Line.
The company operates a fleet of 98 ships with the capacity to accommodate approximately 421,000 guests. With ships sailing to over 700 ports around the world, Carnival Corporation & plc is one of the few companies that can provide a truly global cruising experience.
How much is the owner of Viking Cruises worth?
The current estimated net worth of Torstein Hagen, the founder and owner of Viking Cruises, is around $3.2 billion as of 2021. He is a self-made billionaire who has achieved success in part through his savvy business acumen and dedication to customer satisfaction.
The first Viking Cruises ship set sail in 1997, and since then, the company has grown to become one of the largest cruise companies in the world, with offices in several countries and ships operating in almost every continent.
Hagen has also become one of the world’s highest-paid cruise executives, earning an estimated $40 million in 2020, according to Bloomberg. Hagen’s wealth is a testament to his business success, and his company is continuously expanding in an effort to provide travelers with an unforgettable experience.
How many ships does Viking own?
Viking currently owns a fleet of 62 river cruise ships and 6 ocean cruise ships. The river cruise ships can accommodate up to 190 guests, while the ocean cruise ships can hold up to 930 guests. Viking’s fleet sails across more than 20 countries throughout Europe, Russia, Egypt, China, Southeast Asia and all the way to Alaska in the United States.
Additionally, Viking has 13 Longships that are all dedicated to European river cruises and will launch 7 additional Longships in 2021. Viking also has five tour ships as well as two exclusively chartered vessels that sail along various routes around the world.
Is Viking an American company?
No, Viking is not an American company. Viking is an international manufacturer and distributor of professional culinary, kitchen and outdoor products. Viking was founded in 1981 in Greenwood, Mississippi by Fred Carl, Jr.
Since then, it has grown to become an internationally-recognized brand that produces appliances such as ovens, cooktops, dishwashers and refrigerators, as well as its signature Viking ranges. Viking’s products are currently sold in countries around the world, including Canada, China, Mexico, Europe, Australia and Japan.
They also operate distribution centers in several countries, including the United Kingdom, France and Germany. The company’s corporate headquarters reside in Greenwood, Mississippi, but the US is not their only market, nor is it their largest market.
Viking is an independent company, and is owned by Middleby Corporation.
Is Viking cruise lines a public company?
No, Viking Cruises is not a public company. It is a private company owned by Scandinavian entrepreneur, Torstein Hagen and his family. Hagen established Viking Cruises in 1997 and the company has since grown to become the world’s leading river and ocean cruise line offering exotic and highly-personalized experiences to destinations throughout Europe, Russia, China, Southeast Asia and Egypt.
Viking Cruises has not gone public and is not listed on any stock market.
Do you tip on a Viking River cruise?
Yes, you should tip on a Viking River cruise. For all trips, Viking includes gratuities for the ship’s crew in the cruise fare, but it is customary and customary practice to leave additional gratuities for the crew to recognize the quality of their service.
Tipping customarily ranges from €7-10 per person per day. It is recommended to tip at the end of the cruise and goes directly to the crew. You may also consider giving a larger gratuity to your stateroom attendant or Waiter and may also have the opportunity to tip during excursions.
Tipping is completely voluntary and at your discretion.
What are the gratuities on Viking cruises?
Gratuities on Viking Cruises are intended to show your appreciation and thanks to the crew and staff who work hard to make your cruise experience a pleasant one. The recommended gratuity onboard Viking Cruises is £15 per person, per day, but the amount is totally at your discretion.
The gratuities can be paid in cash or with a credit card and will be collected on the last evening of the cruise.
Gratuities are shared amongst all senior staff and onboard crew and are always welcome, although not compulsory. In recognition of your graciousness, Viking gives each guest a complimentary, exclusive tote bag.
To make things easier, Viking also offers the flexibility to pre-pay your gratuities in advance as part of your cruises package.
At the end of your cruise, you’ll receive a survey, which we encourage guests to fill out and return, as it provides valuable feedback we use to enhance the quality of our cruise offerings.
What happens if you don’t tip on a cruise?
If you don’t tip on a cruise, you run the risk of missing out on quality service. Although tipping is not necessarily required on cruises, it’s still expected by staff. Without a tip, staff may not be as attentive or accommodating as they would with one.
This can adversely affect your experience and it could take away from the overall quality of service you receive. That being said, gratuity is typically rolled into cruise fares, so it’s still possible to show your appreciation for the staff without giving additional, out-of-pocket tips.
At a minimum, you can be sure to thank the staff for their hard work and be courteous and kind. If you don’t Tip on a cruise, your negative experience will be remembered and may even reflect poorly on other passengers from your group.
What is not included in Viking River Cruises?
Viking River Cruises offers a variety of unique and luxurious experiences on its river cruises, but there are some things that are not included in their packages.
The most notable exclusion from their river cruise packages is airfare. Guests are expected to arrange their own transportation to the departure port for their chosen voyage. Additionally, Viking River Cruises does not include any pre- and post-cruise hotel stays on its packages.
Other items not included in the river cruise packages are certain activities and excursions, premium drinks and specialty dining, gratuities for onboard services, phone and internet access, medical services, and items of a personal nature.
These items are available, but guests will need to pay for them on their own.
Travelers should also note that Viking River Cruises does not provide shoreside transfers, meaning they will need to arrange their own transportation whenever they need to get to and from the ship. This is often available as an optional add-on item, which they can purchase at a discounted rate.
Finally, while meals aboard the ship are typically included, this will vary depending on which cruise package the guest has booked. Double-occupancy packages typically feature full-board meals, while single-occupancy packages only include breakfast and select meals.
Overall, Viking River Cruises offer excellent packages for luxurious river cruising experiences, but guests should be aware of what is, and what is not, included in their package.
Can you bring your own alcohol on Viking River Cruises?
No, it is not permitted for guests to bring their own alcohol on Viking River Cruises. Alcoholic beverages purchased on board, including wine, beer, and spirits, are subject to a corkage fee and must be consumed with meals only.
Aside from this, non-alcoholic beverages are available for purchase throughout the cruise.
Does Viking Ocean include gratuities?
Yes, Viking Ocean does include gratuities in its fare. This is one of the things that makes a Viking Ocean cruise particularly appealing to travelers, as most other ocean cruises require passengers to pay additional gratuities for services such as room service or dining in the specialty restaurants.
Included in Viking Ocean’s cruise fare is a daily service charge of $15 per person, per day. This includes primarily gratuities for your Stateroom Attendant and Dining Room team, however it also covers any additional services you may use while onboard, including spa treatments and coffee drinks, additional Alcoholic and Non-Alcoholic beverages, and Wi-Fi Internet service.
Additionally, Viking Ocean guests may leave additional gratuities of their choosing to recognize good service. If you have a particularly wonderful experience with any of the crew, you can recognize them by leaving some extra gratuities for them at the end of the cruise.
Is the mini bar free on Viking cruises?
No, the minibar is not free on Viking Cruises. All alcoholic beverages, non-alcoholic beverages, and snacks from the minibar will be charged at the end of your cruise. Viking also operates a 24-hour room service that offers complimentary items like coffee, tea, mineral water, freshly-brewed juice and soft drinks.
All other items on the menu will incur a fee. If you wish to enjoy the minibar without incurring a fee, you may bring your own non-alcoholic beverages and snacks. Additionally, you will be able to enjoy complimentary specialty coffee and tea in the ship’s cafes.