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LOS ANGELES - Viking (NYSE: VIK) has unveiled a series of six new Asia itineraries, providing exclusive access to destinations in China and Japan, including Tibet, for travel in the fall of 2025. The new voyages, which are now available for booking, range from 15 to 22 days and will take place from September to November 2025 aboard the Viking Yi Dun, a sister ship acclaimed for its design and service.
The itineraries feature immersive experiences in iconic locations such as Shanghai, Beijing, Xi’an, and Lhasa in Tibet, as well as Osaka, Japan. Viking emphasizes destination-focused experiences, educational lectures, and regional cuisine to enrich the travel experience of their guests.
Torstein Hagen, Chairman and CEO of Viking, expressed pride in the company's second season of these unique itineraries, noting that they offer exploration of the China coast, exclusive to Viking. He highlighted the rich culture and ancient history of the Asian destinations as sources of inspiration for travelers.
The new voyages include the "Jewels of Japan & China," a 15-day journey from Beijing to Tokyo, and the "Classic China Discovery (NASDAQ:WBD)," a 20-day excursion from Hong Kong to Beijing. Other itineraries, such as the "Pearls of Japan & China" and "Gems of China & Japan," offer 22-day voyages that delve into the history and culture of the two countries, with an additional focus on Tibet.
Viking also offers pre and post land extensions in Beijing, Hong Kong, Guilin, Mongolia, and Tokyo for guests seeking deeper cultural immersion. These extensions provide opportunities to explore UNESCO World Heritage Sites, experience urban spectacles, and engage with natural landscapes.
The Viking Yi Dun, dedicated to China explorations, is part of Viking’s ocean fleet, known for its Scandinavian design and small ship classification. The ship boasts 465 all-veranda staterooms and a variety of dining options.
This expansion into Asia underscores Viking’s commitment to offering "The Thinking Person’s" travel experiences, as described by Hagen. The company, which has received over 450 awards, continues to cater to travelers interested in history, culture, and cuisine.
The information for this article is based on a press release statement from Viking.
In other recent news, Viking Holdings reported gross and net revenues of $718 million and $495 million respectively, surpassing both Stifel's and consensus estimates. The operating losses were reported at $70 million, which was significantly better than anticipated. The company also announced the introduction of Viking Hathor to its Nile River fleet and the float out of Viking Vesta, marking significant steps in Viking's expansion strategy.
Barclays initiated coverage on Viking Holdings, highlighting its unique position in the cruise industry and potential for above-industry revenue growth. BTIG reaffirmed its Buy rating on Viking Holdings, reflecting confidence in the company's development of treatments for obesity. Similarly, Stifel maintained its Buy rating for the company, recognizing its strong financial performance.
Truist Securities initiated coverage on Viking Holdings with a Hold rating, acknowledging the company's leadership in the cruise sector but suggesting limited upside to the stock's value in the near term. Wells Fargo, JPMorgan, Redburn-Atlantic, and UBS initiated coverage with positive ratings, citing Viking's unique luxury strategy and robust financial health.
These recent developments provide insights into Viking Holdings' financial health and market position. The company's focus on luxury experiences and its unique market position were key points in these analyses. These are the recent developments for Viking Holdings.
InvestingPro Insights
Viking (NYSE: VIK), renowned for its innovative cruise itineraries, has recently announced new voyages in Asia, which could potentially impact its financial performance and investor outlook. In light of this, InvestingPro data and tips provide a deeper understanding of Viking's current market position and future prospects.
InvestingPro data highlights a significant market capitalization of $15.27 billion, indicating Viking's substantial presence in the travel industry. Despite not having turned a profit over the last twelve months, analysts are optimistic, predicting profitability for the company within the year. Such expectations may be fueled by the company's moderate level of debt and its status as a prominent player in the Hotels, Restaurants & Leisure industry. Moreover, Viking's revenue growth stands at a healthy 9.11% for the last quarter, suggesting a positive trajectory in financial performance.
One of the InvestingPro Tips points to a large price uptick over the last six months, with a year-to-date price total return of 29.16%, showing strong investor confidence which could be bolstered by the announcement of the new Asia itineraries. However, it is important to note that Viking's short-term obligations currently exceed its liquid assets, which investors should consider when evaluating the company's short-term financial health.
For those interested in further insights, InvestingPro offers additional tips on Viking and other companies in the industry. Currently, there are seven more InvestingPro Tips available for Viking, which can be found at InvestingPro Viking Tips.
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