press release

July 2, 2019, 9:29 a.m. EDT

OneSpaWorld and P&O Cruises Sign New Spa Operations Agreement

Five-Year Extension Includes Management of Entire Fleet and the Newest Ship, Iona – Launching in May 2020

OneSpaWorld Holdings Limited /zigman2/quotes/202509048/composite OSW +0.20% , the pre-eminent global provider of health and wellness products and services on board cruise ships and in destination resorts around the world, today announced it has extended its 16-year relationship with P&O Cruises.

Leonard Fluxman, Executive Chairman, OneSpaWorld, said, “The extension of our contract with P&O Cruises continues to reflect the success of our operating model and ability to consistently provide excellent spa and wellness services at sea. We look forward to continuing our relationship with P&O for many years in the future.”

The agreement with P&O Cruises extends OneSpaWorld’s service on the seven vessels it currently operates for the next five years and adds the exclusive right to operate the spa facilities on board and execute a suite of premium health, beauty, wellness and fitness services and products. Under the new agreement, OneSpaWorld will operate Iona, the largest ship built for the British market which sets sail on its inaugural voyage in May 2020.

“Our mutually-rewarding and long-standing relationship with P&O Cruises has always been marked by innovation and a quest to evolve Oasis Spa into a world-class brand,” said Glenn Fusfield, President and Chief Executive Officer, OneSpaWorld. “P&O’s fervor for health and wellness and their continued excellence in creating exceptional guest experiences is a catalyst for OneSpaWorld to provide phenomenal spa and wellness programming to enhance each guest’s vacation experience. We look forward to our continued partnership and to welcoming Iona in 2020.”

Named after the Scottish island, P&O’s Iona will feature the next evolution of Oasis Spa. Taking relaxation and restoration to the next level, the fleet’s most luxurious respite introduces the brand’s first salt room, infinity whirlpools, and newly curated destination-inspired services, expanding its spa programming.

About OneSpaWorld

Headquartered in Nassau, Bahamas, OneSpaWorld is one of the largest health and wellness services companies in the world. OneSpaWorld’s distinguished spas offer guests a comprehensive suite of premium health, fitness, beauty and wellness services, treatments, and products currently on board 165 cruise ships and at 70 destination resorts around the world. OneSpaWorld holds the leading market position within the fast-growing international leisure market and has been built upon its exceptional service standards, expansive global recruitment, training and logistics platforms, and a history of service and product innovation that has enhanced its guests’ health, fitness, beauty, and wellness while vacationing for more than 50 years.

About P&O Cruises

P&O Cruises has a fleet of seven ships offering holidays tailored to British tastes combining genuine service, a sense of occasion and attention to detail, ensuring passengers have the holiday of a lifetime, every time. Britannia, a design-led 141,000 ton ship, was named by HM The Queen on March 10, 2015. Iona, a new 180,000 ton LNG-powered ship is on order for delivery in 2020 with a similar ship on order for delivery in 2022.

Forward-Looking Statement

This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. The expectations, estimates, and projections of the Company may differ from its actual results and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” or the negative or other variations thereof and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, expectations with respect to future performance of the Company, including projected financial information (which is not audited or reviewed by the Company’s auditors), and the future plans, operations and opportunities for the Company and other statements that are not historical facts. These statements are based on the current expectations of the Company’s management and are not predictions of actual performance. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Factors that may cause such differences include, but are not limited to: the demand for the Company’s services together with the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors or changes in the business environment in which the Company operates; changes in consumer preferences or the market for the Company’s services; changes in applicable laws or regulations; the availability of competition for opportunities for expansion of the Company’s business; difficulties of managing growth profitably; the loss of one or more members of the Company’s management team; and other risks and uncertainties included from time to time in the Company’s reports (including all amendments to those reports) filed with the U.S. Securities and Exchange Commission. The Company cautions that the foregoing list of factors is not exclusive. You should not place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based, except as required by law. These forward-looking statements should not be relied upon as representing the Company’s assessments as of any date subsequent to the date of this communication.

Follow OneSpaWorld: Instagram: @onespaworld
Twitter: @onespaworld
LinkedIn: OneSpaWorld
Facebook: @onespaworld

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SOURCE: OneSpaWorld Holdings Limited

Allison Malkin, 203-682-8225
Jennifer Davis, 646-677-1813

Copyright Business Wire 2019

US : U.S.: Nasdaq
$ 14.80
+0.03 +0.20%
Volume: 905,903
Feb. 21, 2020 4:00p
P/E Ratio
Dividend Yield
Market Cap
$904.55 million
Rev. per Employee

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