2017 Annual Report for Norwegian Cruiseline Holdings - 18

Employees
As of December 31, 2017, we employed approximately 3,000 full-time employees worldwide in our shoreside operations and approximately 28,000
shipboard employees. Regent and Oceania Cruises' ships also utilize a third party to provide additional hotel and restaurant employees onboard. We refer
you to "Risk Factors-Amendments to the collective bargaining agreements for crew members of our fleet and other employee relation issues may
materially adversely affect our financial results" for more information regarding our relationships with union employees and our collective bargaining
agreements that are currently in place.
Ports and Facilities
We own a private island in the Bahamas, Great Stirrup Cay, which we utilize as a port-of-call on certain itineraries. We have also developed a cruise
destination in Belize, Harvest Caye, which we introduced in November 2016. In addition, we have entered into various agreements relating to port or
berthing rights for our ships, which include the following:
x

an agreement with the Government of Bermuda whereby we are permitted weekly calls in Bermuda through 2022 from Boston and New York.

contracts with the Port of New Orleans, PortMiami, Port Canaveral and the Port of Tampa pursuant to which we receive preferential Berths to the
exclusion of other vessels for certain specified days of the week at the cities' cruise ship terminals.

a concession permit with the U.S. National Park Service whereby our ships are permitted to call on Glacier Bay during each summer cruise season
through September 30, 2019.

an agreement with the British Virgin Islands Port Authority granting priority berthing rights for a 15-year term through April 2032 with options to
extend the agreement for two additional five year terms.

an agreement with the West Indian Company Limited granting priority berthing rights in St. Thomas for a 10-year term through September 2026
with an option to extend the agreement for an additional five years.

an agreement with the Port of Seattle for a 15-year lease through October 2030 with an option to extend the agreement for an additional five years
where we have committed to a capital investment to develop the port for approximately $30 million and the port has committed to reimburse $15
million.

Segment Reporting
We have concluded that our business has a single reportable segment. Each brand, Norwegian, Oceania Cruises and Regent constitutes a business for
which discrete financial information is available and management regularly reviews the operating results and, therefore, each brand is considered an
operating segment. Our operating segments have similar economic and qualitative characteristics, including similar long-term margins and similar products
and services; therefore, we aggregate all of the operating segments into one reportable segment.
Although we sell cruises on an international basis, our passenger ticket revenue is primarily attributed to U.S.-sourced guests who make reservations in the
U.S. Revenue attributable to U.S.-sourced guests was 77%, 81% and 75% for the years ended December 31, 2017, 2016 and 2015, respectively. No other
individual country's revenues exceeded 10% in any of our last three years.
Revenues by destination were as follows (in thousands):

North America
Europe
Asia-Pacific
Other
Total Revenues

Year Ended December 31,
2017
2016
3,285,903 $
3,132,208 $
1,347,381
1,148,403
394,631
196,978
368,260
396,751
5,396,175 $
4,874,340 $

2015
2,743,007
1,120,705
198,131
283,205
4,345,048

Substantially all of our long-lived assets are located outside of the U.S. and consist primarily of our ships. We have 17 ships with Bahamas registry with a
carrying value of $8.0 billion as of December 31, 2017 and 16 ships with Bahamas registry with a carrying value of $7.1 billion as of December 31, 2016.
We have seven ships with Marshall Island registry with a carrying value of $1.9 billion as of December 31, 2017 and 2016. We also have one ship with
U.S. registry with a carrying value of $0.3 billion as of December 31, 2017 and 2016.
Available Information
We file annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, proxy statements and other information with the SEC.
You may read and copy any document we file with the SEC at the SEC's Public Reference Room at 100 F Street, N.E., Washington, D.C. 20549. Please
call the SEC at 1-800-SEC-0330 for further information on the Public Reference Room. Our SEC filings are also available to the public at the SEC's
website at http://www.sec.gov.
We also maintain an Internet site at http://www.nclhltdinvestor.com. We will, as soon as reasonably practicable after we electronically file or furnish our
annual report on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, proxy statements and amendments to those reports if
applicable, make available such reports free of charge on our website. Our website and the information contained therein or connected thereto are not
incorporated into this annual report on Form 10-K.

http://www.sec.gov http://www.nclhltdinvestor.com

Table of Contents for the Digital Edition of 2017 Annual Report for Norwegian Cruiseline Holdings