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Carnival Corp in 'position of strength' as new-to-cruise levels jump

Cruise
Harry Kemble
26 June 2024

The boss of Carnival Corporation says “unprecedented” demand for sailings next year coupled with “flat” capacity growth mean the cruise giant possesses “meaningful pricing power”. 

Queen Anne, Liverpool, June 2024.jpg

The recently launched Queen Anne will host a ship visit and a fam trip this year

Speaking during the firm’s quarterly results call on Tuesday (25 June), Carnival Corp president Josh Weinstein highlighted how pricing and occupancy levels for 2025 sailings are ahead of last year. 


He explained this put the company, which currently operates nine brands although this will become eight in early 2025 when P&O Cruises (Australia) is folded into Carnival Cruise Line, in a “position of strength”. 

The company reported revenues of $5.8 billion which includes an operating income of $560 million – nearly five times 2023 levels.