He will be replaced by Harry Sommer, who is currently president, international for parent company Norwegian Cruise Line Holdings.

Stuart, who is also president of Norwegian Cruise Line and has been with the company since 1988, will step down on 31 December and then continue working as a senior adviser until 31 March 2020.

“I am honored to have played a role in the leadership position Norwegian now holds in this incredible industry and continue to be proud of the commitment, dedication and passion of our team for delivering a best-in-class vacation experience,” said Stuart.

“I have worked closely with Harry and am confident he is the right person to take the helm and continue the journey for Norwegian Cruise Line.”

Frank Del Rio, president and chief executive of Norwegian Cruise Line Holdings, added:  “Andy has accomplished everything possible in the cruise industry, including leading its most storied and innovative brand. 

“He will leave on a high note after delivering the brand’s latest ship, Norwegian Encore, the last ship in the most successful ship class in the company’s history.

“Over the last several years, Norwegian’s management and board of directors have worked closely on a comprehensive succession plan that leveraged the considerable bench strength across the organisation. 

“The board and I are confident that Harry is the right person to succeed Andy as president and chief executive of the Norwegian Cruise Line brand and look forward to him leveraging his breadth of knowledge and extensive experience in the industry and our company to take the brand to new heights.”