Financial PerformanceDemand trends remain consistent and strong, supporting the belief that revenue and EBITDA guidance for 2025 is somewhat conservative.
Market PositionSignificant barriers to entry solidify OneSpaWorld’s dominance in maritime spa, with good visibility to long-term annual revenue growth in the high-single-digit range yielding similar to better profit growth and strong free cash flow generation.
Revenue GrowthAbout half of the year-over-year 4% increase in revenue stemmed from fleet expansion and the remainder from higher guest spend.