Onespaworld Holdings (OSW) risk factors, FY2024 10-K

Other

1. 01We Depend on the Cruise Industry and Their Risks Are Risks to Us
2. 02Cruise ships have increasingly had, and are expected to continue to have, itineraries which provide for the ships to be in port during cruises. When cruise ships are in port, our revenues are adversely affected compared with our revenues when cruise ships are at sea
3. 03We Depend on the Continued Viability of the Ships and Destination Resort Health and Wellness Centers We Serve
4. 04Increased Costs Could Adversely Impact our Financial Results
5. 05We Depend on Our Key Officers and Qualified Employees
6. 06Currently, we and our non-United States subsidiaries are not subject to Bahamas income tax or other (including United States federal) income tax, except as set forth below. These non-United States subsidiaries earn a substantial portion of our revenue, which contributes to our low effective tax rate
7. 07Background on United States Taxation of Our Non-United States Subsidiaries
8. 08income to OneSpaWorld (Bahamas) from the U.S. Waters Activities is ECI, and thus subject to United States income taxation, but constitutes a small percentage of OneSpaWorld (Bahamas)’s total income
9. 09to the extent that passage of title or transfer of ownership of products sold by OneSpaWorld (Bahamas) for use, consumption or disposition outside international waters, takes place in the United States or a United States office materially participates in such sales
10. 10The Success of Health and Wellness Centers Depends on the Hospitality Industry
11. 11We Compete with Passenger Activity Alternatives

Risks Relating to Non-U.S. Operations and Hostilities

1. 12Increased Severe Weather, Including as A Result of Climate Change, May Disrupt Our Operations
2. 13Risk of Early Termination of Land-Based Health and Wellness Center Agreements
3. 14Delays in New Ship Introductions Could Slow Our Growth
4. 15We are subject to the examination of our income tax returns by tax authorities in the jurisdictions where we operate. There can be no assurance that the outcome from these examinations will not adversely affect our profitability
5. 16Product Liability and Other Potential Claims Could Adversely Affect Us
6. 17Our Indebtedness Could Adversely Affect Our Financial Condition and Ability to Operate and We May Incur Additional Debt
7. 18Our Credit Facilities Contain Financial and Other Covenants. The Failure to Comply with Such Covenants Could Have An Adverse Effect on Us
8. 19Our Business Could Be Adversely Affected if We Are Unable to Successfully Protect Our Trademarks or Obtain New Trademarks
9. 20We Are Subject to Currency Risk
10. 21We May Be Exposed to the Threat of Cyber Attacks and/or Data Breaches, which Could Cause Business Disruptions and Loss
11. 22Changes in Privacy Law Could Adversely Affect Our Ability to Market Our Services Effectively

Risks Related to Ownership of Our Securities

1. 23The Market Price and Trading Volume of Our Common Shares Has Been and May Continue to Be Volatile
2. 24changes in accounting principles, policies and guidelines
3. 25You May Have Difficulty Enforcing Judgments Against Us
4. 26Certain Provisions in Our Articles May Limit Shareholders’ Ability to Affect a Change in Management or Control