As you know, the CDC recently lifted the testing requirements for reentry into the U.S. for air travel, which going forward clearly removed some of the friction from our North American brand's deployment in both Europe and, due to Canadian embarkations, Alaska. usually requiring a longer duration flight. These itineraries are typically associated with longer lead times. Consequently, we expect the real benefit to be realized in 2023 and beyond.

Jun 24, 2022 / CEO / receipt, needs a key / Arnold Donald, CEO | earnings call 2022-06-24 | transcript 697d6e1e-4524-4166-b0ad-a9492b1b2d3f | chars 3792-4240 | segment 3

Also, there is pent-up demand for travel globally, which is a powerful tailwind. Currently, we are seeing success for close-to-home cruises. with many sailings achieving occupancy at or above 100%, where guests perceived far less friction than with international embarkations.

Jun 24, 2022 / CEO / receipt, needs a key / Arnold Donald, CEO | earnings call 2022-06-24 | transcript 697d6e1e-4524-4166-b0ad-a9492b1b2d3f | chars 5045-5321 | segment 5

Our enhanced protocols have helped us become among the safest forms of socializing and travel with far lower incident rates than on land.

Mar 22, 2022 / CEO / receipt, needs a key / Arnold Donald, CEO | earnings call 2022-03-22 | transcript 0a240c7c-6721-4df1-8ebc-8bc10c585f4a | chars 1288-1425 | segment 1

At our scale, the sheer volume of these accomplishments is no small feat, yet these challenging operational deliverables were achieved while encountering strong headwinds like Delta, Omicron, complex, constraining, and constantly changing regulations and protocols, and more recently, the very troubling invasion of Ukraine. all of which undermined consumer confidence and generated greater friction on cross-border travel, labor, supply chain, itinerary planning, and more.

Mar 22, 2022 / CEO / receipt, needs a key / Arnold Donald, CEO | earnings call 2022-03-22 | transcript 0a240c7c-6721-4df1-8ebc-8bc10c585f4a | chars 3259-3733 | segment 3

Time and time again, we have seen guests travel through challenges.

Mar 22, 2022 / CEO / receipt, needs a key / Arnold Donald, CEO | earnings call 2022-03-22 | transcript 0a240c7c-6721-4df1-8ebc-8bc10c585f4a | chars 4604-4671 | segment 4

The Delta variant has also created some disruption in our supply chain, impacted the timing of opening for some destinations, and created a heightened level of uncertainty that has been reflected in the broader travel sector and in our own booking trends.

Sep 24, 2021 / CEO / receipt, needs a key / Arnold Donald, CEO | earnings call 2021-09-24 | transcript acfe6b43-8703-4c4a-9629-e526e4a8db35 | chars 5631-5886 | segment 5

We continue to work on securing the ability to resume cruising from U.S. ports in a manner consistent with the expected return of other forms of travel, leisure, and entertainment activities.

Apr 7, 2021 / CEO / receipt, needs a key / Arnold Donald, CEO | earnings call 2021-04-07 | transcript f77c55b4-4670-4008-8799-99e6eac5c10b | chars 4204-4395 | segment 4