OneSpaWorld Raises Full-Year Guidance and Announces $100 Million Share Repurchase Program

OneSpaWorld (OSW) reported strong third-quarter 2026 results, characterized by increased full-year financial guidance, a 25% dividend hike, and the launch of a new $100 million share repurchase program. The company's growth is being driven by a shift toward higher-margin premium services, such as MediSpa treatments, which has boosted average guest spend without relying solely on price increases. Operational efficiency is further bolstered by an increase in pre-booked reservations, which grew 20% year-over-year to represent 23.2% of service revenue. This trend provides greater revenue visibility for the company's maritime health centers. Leveraging its asset-light business model, OneSpaWorld continues to generate robust free cash flow, allowing it to simultaneously reduce debt and return significant capital to shareholders.

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