Daniel Politzer: Hey, good morning everyone. Thanks for all the detail thus far. First question, onboard spend. It looks like it declined a little bit in terms of the pacing relative to 2019. Is that a function of mix in terms of more European? Or is that more inside cabins? If you can just talk about the real-time trends there? And along with that, are there elements on your booking and in terms of pre-bookings that you can maybe accelerate that going forward?
Josh Weinstein: Yes. So on the onboard spend, I was – I think I tried to say this, maybe I didn’t say it the right way. But generally speaking, the onboard spend levels haven’t slowed down. When you think about the state of the consumer and you think about where were they in the fourth quarter of last year, first quarter of this year, second, third quarter, they’re spending the same. So we haven’t seen a slowdown in the profile of the consumer. As far as – so even though we had a lot more thirds and fourths, for example, over the summer, the spending per person per day didn’t slow down. As far as how that compares to 2019, there’s – I will tell you, there’s a lot in 2019 that’s different from today, right, from the way we do our bundling, from the sentiments of the consumer from where we take them.
We didn’t have St. Petersburg, for example, in the third quarter of this year. That is, by far, got to be one of the top, if not the top onboard spending itineraries because of all the shore excursions that get generated or got generated. We didn’t have that, and yet we still performed at that high level. So it’s a little hard with a 4-year gap to be that specific about trends. I’d be more focused on the trend that our consumer is not slowing down.
Daniel Politzer: Got it. That’s helpful. And then just for my follow-up. In terms of the EU emissions, there’s a new tax coming on in terms of metric tons that are emitted. Can you may – is there any way to quantify that as we think about it for 2024 or 2025, 2026, just given that, I think, it’s a progressive tax?
David Bernstein: Yes. So for 2024, at today’s current prices and given our itineraries and everything in our fuel consumption expectations, we’re talking approximately $75 million for the full-year 2024, which does represent 40% of what the total will be at some point in the future as the percentages go up in 2025 and 2026. But keep in mind that the tax is based off of fuel consumption and so depending on what our itineraries are in 2026, all of the fuel conservation and consumption improvements we have over time, we’re looking to hopefully mitigate those numbers as we move forward.
Daniel Politzer: Got it. And which – is that going to flow through in terms of the P&L, the fuel line? Or is it going to be grossed up just – and that’s it for me. Thank you.
David Bernstein: Yes, that will be as part of our fuel expense line in the P&L.
Daniel Politzer: Got it. Thanks so much.
Operator: Our next question comes from Jaime Katz with Morningstar. Please proceed.
Jaime Katz: Hey, good morning. I’m hoping we can stay on Europe. Under separate cover this morning, I think there was a press release on Costa and the new campaign that you guys are doing there, and there were some commentary around consumer behavior and the economic environment. And I’m wondering if you would just share any of the key takeaways maybe that you have extracted around the European consumer for us?
