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There are several other factors contributing to the exceptionally strong growth we are expecting for the fourth quarter which include more luxury and upper premium capacity operating with the new region and Oceania ships, as well as a favorable comp from the rapid exit from Cuba in 2019 and the close in resale of those sailings.
This marks our first acquisition since 2014 and is a great strategic fit for Meritage given the strength of the Gulf Coast markets in Mississippi, Alabama and the Florida panhandle and the alignment on affordability and product geared toward the first-time homebuyer. Now, turning to Slide 7. So there's forces in both directions.
times, which remains at the lowest level we have achieved since prior to the company's REIT conversion in 2014. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. For 2025, we expect to end the year at similar levels to year-end 2024.
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