'Phenomenal' wave period drives Carnival Corp to 'record-breaking' quarter

Luxury

Will Payne

27 March 2023

Carnival Corporation has neared pre-pandemic revenue levels after higher ticket pricing, strong consumer demand and a "phenomenal wave period" drove the company to a "record-breaking" quarter.

Carnival Cruise Line resumed operations in Australia at the weekend (Credit: Carnival Cruise Line)

In a recent trading update covering the three months to 28 February 2023, the company said it was "very encouraged" with the improving demand environment, kicked off by an early start to its wave season.

During the period, the company experienced the highest booking volumes for all future sailings for any quarter in its history.

Both the company’s North America and Australia (NAA) and Europe segments broke records, contributing to the company’s record-breaking quarter.

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