Description of Viking Holdings Ltd's Business Segments
The Group's reportable operating segments consist of River and Ocean. The River segment offers river cruises outside the United States to English-speaking passengers. The Ocean segment provides ocean cruises to English-speaking passengers. The Other category includes non-reportable segments such as expedition cruises for English-speaking passengers (Expedition), Mississippi River cruises for English-speaking passengers, and Viking Asia, which encompasses cruises in languages other than English and the results of the China JV Investment. The Group assigns the language of cruise service by vessel for each cruise season, with each vessel operating in a single language per season or per individual sailing if language changes occur mid-season. The Group's vessels and ships primarily operate in Europe, are owned by entities domiciled in Bermuda, Switzerland, Portugal, Russia, Egypt, and Ukraine, and are registered in Norway, Switzerland, Portugal, Russia, Egypt, and Ukraine. Leased vessels operate in the United States and Asia. Operating income is the primary profitability metric used by the Chief Executive Officer, the chief operating decision maker, to evaluate performance and allocate resources. Expenses attributable to multiple segments are allocated based on revenue or passenger-related measures. Longship river vessels may be utilized in either the River or Viking Asia segments, and Ocean and expedition ships include vessels serving both Ocean and Expedition segments. River vessel charters and ocean ship accommodation agreements are recognized as right-of-use assets.
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