Welcome to our dedicated page for Carnival PLC news (Ticker: CUK), a resource for investors and traders seeking the latest updates and insights on Carnival PLC stock.
Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) is a British-American cruise operator, recognized as the largest global cruise company. Headquartered in Miami, Florida, the company boasts a diverse portfolio of ten cruise line brands, including Carnival Cruise Lines, Holland America, Princess Cruises, and Seabourn in North America; P&O Cruises and Cunard Line in the United Kingdom; Aida in Germany; Costa Cruises in Southern Europe; and P&O Cruises in Australia. Carnival's fleet encompasses over 100 vessels, providing a range of memorable vacation experiences worldwide.
With 92 ships in service by the end of fiscal 2023, Carnival has demonstrated significant recovery and growth, especially after the pandemic. The company saw nearly 13 million guests in 2019, a figure they matched again in 2023. Among its notable achievements and current projects, Carnival continues to innovate in sustainable travel. Holland America Line, for example, began a long-term biofuel test on its flagship, Rotterdam, aiming to reduce greenhouse gas emissions significantly.
Recent news highlights the company's commitment to enriching guest experiences. Princess Cruises introduced an immersive 'Voyage to the Stars' experience in Alaska, while Holland America Line's Global Fresh Fish Program was featured on 'Top Chef'. Additionally, Seabourn's launch of its Zero @ Sea mixology program showcases unique non-alcoholic cocktails, responding to evolving guest preferences.
Carnival Corporation's future projects are also promising. The Princess Cruises fleet is set to expand its itineraries in Japan and Southeast Asia for the 2025-26 season, with Diamond Princess leading the way. Moreover, the Seabourn Odyssey will offer nostalgic final voyages through Alaska before transitioning out of the fleet.
Financially, Carnival Corporation continues to show resilience and growth, reflected in their latest fiscal reports and quarterly earnings. Investors and stakeholders can look forward to a conference call scheduled on June 25, 2024, to discuss second-quarter financial results. This proactive engagement underscores Carnival's dedication to transparency and shareholder value.
Princess Cruises has announced a new promotion called Kids Sail Free, allowing families to save significantly on their 2023 vacations. This unique offering is available for third and fourth guests on select cruises, and can be combined with discounts of up to 25%. The promotion is valid for bookings until August 15, 2022, and covers various destinations including the Caribbean and Mexico. Sample fares start as low as $449 for select itineraries, enhancing the overall affordability of family cruises.
Barclays US Consumer Bank has extended its partnership with Carnival Corporation for co-branded credit cards, covering Carnival Cruise Line, Holland America Line, and Princess Cruise Lines. This multi-year agreement continues Barclays' role as the exclusive issuer of these travel rewards cards since 2004, enhancing customer loyalty by offering various rewards. The two companies aim to innovate and provide value to consumers booking vacations or making retail purchases. This strategic collaboration is expected to assist Carnival in expanding its business.
Holland America Line has launched its 'Book Early & Save' promotion for cruises through 2023, running from July 12 to September 30, 2022. The offer features cruise discounts starting at $899 per person, including crew appreciation gratuities, onboard credits up to $300, and a low-fare guarantee. Customers can benefit from over $900 in value per person for seven-day cruises, with enticing packages covering shore excursions, drink selections, and specialty dining.
Princess Cruises announces its inaugural summer sailing season in 2023, featuring roundtrip cruises from Los Angeles to Mexico, Hawaii, and the California Coast. The Emerald Princess will operate voyages from May to August 2023, with itineraries ranging from 5 to 16 days. Highlights include seven-day cruises to the Mexican Riviera, 16-day excursions to the Hawaiian Islands, and seven-day coastal trips. Launch-week promotions offer $1 deposits and $50 onboard spending money for bookings by July 19, 2022.
Holland America Line has launched a new partnership with the Alaska Seafood Marketing Institute, debuting three new dishes created by Chef Ethan Stowell. This collaboration aims to enhance the offering of sustainably sourced Alaska seafood across all six ships in Alaska. Key statistics include over 5,000 pounds of Alaska seafood served per cruise, with specific amounts for salmon, cod, and halibut detailed. The initiative aligns with Holland America's commitment to sustainability and local partnerships, promising an immersive culinary experience for guests.
Holland America Line reports a significant surge in bookings for Alaska cruises, reaching levels not seen since before the pandemic. With the July 4 holiday approaching, AAA Washington designates Seattle as the top summer destination for residents. Travel inquiries indicate a tripling of travel bookings by various modes, including cruises, compared to 2021. The company's local marketing efforts around homeports have positively impacted demand. Holland America Line operates six ships to Alaska, offering convenient departures from Seattle and Vancouver.
Seabourn has officially taken delivery of its first ultra-luxury expedition ship, Seabourn Venture, during a ceremony in Genoa, Italy on June 29, 2022. This ship, designed for diverse environments and certified for polar routes, enhances the company's offerings in luxury expedition travel. President Josh Leibowitz emphasized the ship's unique design and capabilities, which include a dedicated expedition team and modern amenities. Seabourn Venture features 132 oceanfront veranda suites and aims to provide unparalleled experiences in remote destinations, including the Arctic and Antarctica.
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