Josh Weinstein: Yes. So, you heard me in my prepared remarks, and I was talking about the fact that over this record second quarter that we had in bookings, Europe was right there alongside North America. And the really encouraging thing about that in our European brands profile this last quarter, on the booking side, double digits in both volume and price versus 2019, specifically for the European itineraries, which by the way, for our European brands is the vast majority of their deployments. You’re talking more or less in the second half of the year. It’s probably about 90% give or take. And so our strategy of having our ships deployed with really strong brands, the strongest we’ve got in Europe. The number 1 brand in Germany, the number 1 brand in the UK, number 1 or 2 in Italy, in France, and Spain.
Doing that and catering to those markets specifically is really starting to bear fruit. And so, the trajectory is fantastic. And when you think about the improvement that our European brands made, you think about the first quarter versus the second quarter, how were they comparing against 2019 in the first quarter and how were they comparing against 2019 in the second quarter with respect to their yields? We saw a 10-point improvement in the comparison for our European brands. Our North American brands improved too, but much less than 10%. And that’s not a bad thing for our North American brands. They just have been improving like wildfire over the last several quarters. And as we said, the European brands they’re catching up. They’re catching up and it’s great to see that they’ve really started to pull everything forward.
Fred Wightman: Great. Thank you.
Operator: Our next question comes from Jamie Katz with Morningstar Katz. Please proceed.
Jamie Katz: Hey, good morning. Thanks for taking my questions. I want to talk a little bit about the booking curve. I know you guys are articulating that it’s extending and there’s always this contemplation on, if there is some optimal pricing being left on the table with the extension of the booking curve. So, can you talk about how you’re thinking of managing that over the next few quarters? Thanks.
Josh Weinstein: Yes, good morning. It’s really a brand by brand question, right, because there are different dynamics for each brand about, A, where are they in the booking curve. What does their capacity increase look like over the next 18 months? What source markets are they in? What’s the state of those source markets. So, it’s really hard to give you a holistic answer other than to say holistically, all of our brands. Their goal is obviously what’s going to generate the most revenue when the ship leaves, right? That’s it. And as we’ve been not only getting back to a normalized booking pattern, we’ve also been putting things out for sale even more to give our guests actually what they’re demanding. So, I’d say the best answer I can give you is that each is very, very diligent in thinking about how to optimize for the variables that they have got.
It’s been very encouraging to see how far we can push it out. I would say there is a point where we’ll stop. It’s just not worth into your statement about leaving it on the table. It’s – that’s part of the equation. So, might not be a satisfactory answer for you, but it’s because it’s complicated and there are a lot of factors to consider.
Jamie Katz: Of course. And then, is there anything you’d like to add or elaborate on reorg and maybe where you think there were some opportunities to improve the structure of the business and how we might see that sort of come to play going forward? Thanks.
