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Lindblad Expeditions (LIND) to Expand Operations With New Vessels

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Lindblad Expeditions Holdings, Inc. (LIND - Free Report) , a global leader in adventure travel and pioneer of modern expedition cruising, announced a significant expansion in its core Galápagos market. The company is set to add two purpose-built Galápagos expedition vessels to its fleet, enhancing its capacity to deliver immersive, responsible exploration experiences.

Sven-Olof Lindblad, founder and CEO of Lindblad Expeditions, emphasized the privilege and responsibility of operating in the Galápagos Islands. The new vessels will feature well-appointed accommodations and be staffed by experienced crew members who adhere to the company's high standards for responsible exploration.

The first new vessel, formerly the Celebrity Xpedition, will accommodate 48 guests and boast two dining venues and 24 outward-facing cabins, including 13 balcony suites. The second vessel, previously known as the Celebrity Xploration, will offer a more intimate experience with a capacity for 16 guests in eight cabins, making it ideal for family vacations, affinity groups and private charters. Both vessels will undergo extensive multi-million-dollar revitalizations post-acquisition in January 2025, to reflect Lindblad Expeditions-National Geographic’s spirit of adventure and comfort.

Bookings to Drive Growth

Bookings for the new vessels will open later this month, with the vessels’ names to be revealed soon. This expansion aligns with Lindblad Expeditions' mission to provide transformative travel experiences that promote environmental stewardship and cultural exchange.

LIND’s addition of two new Galápagos vessels marks a significant step in the company's growth strategy. This expansion not only increases the company's capacity to offer extraordinary travel experiences but also reinforces its dedication to conservation and sustainable tourism.

Shares of the company have lost 27.8% in the past year against the industry’s growth of 3.3%. The company currently has a Zacks Rank #2 (Buy).

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