Cruise operator Carnival Corp forecast strong bookings for 2025 ahead of the busy summer travel season, riding the wave of strong spending on experiences even as prices increase, sending its shares up about 5% on Friday. The resilient demand for cruise vacations also helped Carnival post better-than-expected profit and sales for the fourth quarter, but the company forecast annual profit below estimates due to rising input costs and advertising spending. "2025 is shaping up to be another banner year, with yield growth expected to far outpace historical growth rates and again exceed unit cost growth," CEO Josh Weinstein said in a statement. The 2,052-passenger Carnival Imagination is anchored off the coast of Half Moon Cay, a private Bahamian island available to Carnival Cruis...
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Cruise vacations in the past year have emerged as a popular option among consumers in search of cheaper ways to travel, but U.S. cruise companies are signaling that itineraries will get costlier in the coming months. After discounting aggressively following years of COVID-era testing requirements and restrictions, cruise operators such as Royal Caribbean Cruises (RCL.N) and Carnival Corp (CCL.N) are looking to raise prices as occupancy levels approach pre-pandemic levels. Cruise vacations before the onset of the pandemic were on average 15% to 20% cheaper than a land-based vacation, Truist hotel and cruise analyst Patrick Scholes said. That gap has widened to 50%, he added. "(We are) working hard to close the outrageous and unwarranted 25% to 50% value gap to land-based offer...
Read MoreCruise Lines International Association (CLIA) has released results from a new consumer sentiment survey, showing the demand for cruise holidays continues to increase. The survey was carried out with 4,500 domestic and international travellers. It reveals that for UK passengers: 91% of respondents who have cruised previously said they intend to take a holiday at sea again, a 14% increase from 2019 Of those who have never cruised, 72% are open to cruising, a 1% increase from 2019 Of these two groups, 58% say they will book a cruise in the next two years www.fiebak-medien.de 61% of respondents who have cruised previously said they later returned to a destination they had first visited via cruise ship. The Mediterranean and Caribbean are the most re-visited destinations. ...
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