Press Releases
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NCL Announces Latest Enhancement to Partnership 2.0 "e co-op" plan takes travel partner marketing reimbursement electronic
Miami
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Jun 9, 2008
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NCL Corporation (NCL) announced today that it has put into place an electronic co-op marketing reimbursement plan, "e co-op," which further expands Partnership 2.0, the company's major travel partner initiative that was announced in December. Partnership 2.0 involves major changes to the way NCL does business to strengthen its relationships with travel partners, at all levels. The initiative has been driven by quantitative and qualitative feedback from travel partners and has been enabled by Apollo's billion dollar investment in NCL and Star Cruises continued commitment and vision. The "e co-op" plan now automates marketing reimbursement contracts, back-up and check processing, in turn creating a trackable, efficient and paperless process. This plan allows co-op reimbursements to be paid five weeks earlier than in the past. This time can be cut shorter if the travel partner opts to receive funds electronically (begins mid-summer). "This innovation revolutionizes the old co-op model, allowing our valued travel partners to receive their co-op payments in a timelier manner," said Colin Veitch, NCL's president and CEO. "This key upgrade to our Partnership 2.0 initiative shows how committed we are to the ongoing enhancement of our travel partner's experience with NCL." Anthony Hamawy, president of Cruise.com, appreciates the new automated process and said, "The new electronic reimbursement innovation helps streamline the processing of our cooperative funds and allows for quick and easy tracking, which is a great benefit to our marketing department. This new found efficiency allows us to invest more time in marketing NCL's cruises instead of collection efforts." Partnership 2.0 enhancements completed and implemented to date include: NCL Corporation Ltd. is the holding company for various subsidiary companies involved in owning and operating the ships of Norwegian Cruise Line. NCL plans to build two new third generation Freestyle Cruising ships for delivery in 2010. NCL today has the youngest fleet in the industry, providing guests the opportunity to enjoy the flexibility of Freestyle Cruising on the newest, most contemporary ships at sea, and has recently added its latest new ship, the 2,400-passenger Norwegian Gem. For high resolution, downloadable images, please log onto NCL's Web site at www.ncl.com. For further information on NCL Corporation, contact NCL in the U.S. and Canada at (866) 234-0292.
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