OneSpaWorld Holdings Limited reported a notable increase in financial performance for the second quarter of 2026, with total revenues reaching $261.2 million, a 9% rise from $240.7 million in the same period last year. This growth was primarily driven by an 11% increase in service revenues, which amounted to $214.4 million, up from $193.4 million in the prior year. The company attributed this increase to a 4% rise in revenue days, expansion from new ship builds, and a 1.2% increase in average guest spending. However, product revenues saw a slight decline, decreasing by 1% to $46.8 million, influenced by operational changes in the United Kingdom and Italy.
In terms of profitability, OneSpaWorld reported a net income of $23.2 million for the quarter, reflecting a 16% increase compared to $19.9 million in the previous year. The company’s income before income tax also rose to $23.4 million, up from $20.7 million. The increase in net income was supported by a reduction in interest expenses, which fell to $1.1 million from $1.4 million, and a decrease in income tax expenses, which dropped to $0.2 million from $0.8 million. The company’s basic earnings per share improved to $0.23, compared to $0.19 in the prior year.
Operationally, OneSpaWorld's average ship count remained stable at 202, while the period-end ship count increased to 208. The average weekly revenue per ship also improved to $96,614, up from $92,936. However, the average resort count decreased to 32 from 50, reflecting the closure of certain hotels. The company continues to focus on enhancing its service offerings, including the introduction of higher-value services such as medi-spa treatments, which are expected to drive future revenue growth.
Looking ahead, OneSpaWorld remains optimistic about its growth trajectory, supported by its established relationships with cruise line partners and ongoing investments in technology and service innovation. The company anticipates that its strategic initiatives, including the expansion of health and wellness centers and the introduction of new services, will continue to enhance guest experiences and drive revenue. Additionally, the company has maintained compliance with its debt covenants and believes that its existing cash flow and available credit facilities will be sufficient to meet its capital requirements in the foreseeable future.
About ONESPAWORLD HOLDINGS Ltd
OneSpaWorld Holdings Limited is a global provider of health, fitness, beauty, and wellness services primarily onboard cruise ships and at destination resorts. It offers comprehensive treatments, advanced medi-spa services, and retail products, serving over 26 million guests annually. The company operates through long-term, asset-light agreements with major cruise lines and resorts, leveraging extensive infrastructure, industry expertise, and exclusive brand partnerships to deliver premium guest experiences.
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