Onwards and upwards next week?3 Mar 2024 06:28
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Carnival sees elevated demand
Carnival, like Royal Caribbean, has seen increased demand, which leads to higher prices.
"The booked position for our North American brands remains as far out as we have ever seen and well ahead of last year at pricing that is considerably higher," CEO Josh Weinstein said during the cruise line's fourth-quarter-earnings call. "Our European brands just delivered record fourth-quarter booking volumes at considerably higher prices and with a booking window now fully back to historical norms."
Carnival has seen increased demand worldwide, and passengers are spending more in all areas.
"As expected, our European brands are poised to become an even greater contributor to our 2024 operating improvement. At the same time, we are continuing to pull forward onboard revenue through bundling and precruise sales," he added.
The cruise line has also benefited from its newer ships, which offer more upsell opportunities.
"This strategy, coupled with even more features on board our newer ships for our guests to enjoy, positions us well for further onboard revenue growth next year," he said.
"All told, we expect occupancy for the full year to return to historical levels on 5% higher capacity while delivering nicely higher per diems, building on this year's record results."