OneSpaWorld Named Exclusive Spa Provider for Royal Caribbean International With New Multi-year Partnership Includes Icon of the Seas, Utopia of the Seas, and Star of the Seas

OneSpaWorld Holdings Limited (NASDAQ: OSW), the pre-eminent global operator of health and wellness centers on board cruise ships, and a leading operator of health and wellness centers at destination resorts worldwide, has announced entry into a new agreement with Royal Caribbean International, that commenced January 1, 2024. This new agreement builds upon the company's more than 30-year relationship with Royal Caribbean International, under which OneSpaWorld will operate and execute a suite of wellness, beauty, acupuncture, medi-spa, and fitness services across the Royal Caribbean International fleet, including Icon of the Seas, Utopia of the Seas, scheduled to arrive in July 2024, Star of the Seas, scheduled for summer 2025, and all other ships that come into service during the partnership.

"I am delighted to enter into a new multi-year agreement with Royal Caribbean International, expanding upon our more than 30-year relationship. In addition to elevated services and experiences on the current fleet, this agreement grants us the exclusive right to operate on new vessels that come into service during the term, furthering our growth potential," said Leonard Fluxman, Executive Chairman, CEO and President of OneSpaWorld.

About OneSpaWorld

Headquartered in Nassau, Bahamas, OneSpaWorld is one of the largest health and wellness services companies in the world. OneSpaWorld's distinguished health and wellness centers offer guests a comprehensive suite of premium health, wellness, fitness, and beauty services, treatments, and products, currently onboard 193 cruise ships and at 51 destination resorts around the world. OneSpaWorld holds the leading market position within the cruise line industry of the historically fast-growing international leisure market and has been built upon its exceptional service standards, expansive global recruitment, training, and logistics platforms, irreplicable operating infrastructure, extraordinary team, and a history of service and product innovation that has enhanced its guests' personal care experiences while vacationing for over 65 years.

Forward-Looking Statements

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 impact of the COVID-19 pandemic on our business, operations, results of operations, and financial condition, including liquidity for the foreseeable future; 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 or 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; loss of a major customer and other risks and uncertainties included from time to time in the Company's reports (including all amendments to those reports) filed with the SEC. 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.

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