While airlines are nervously watching their bookings, cruise giant Carnival is upgrading its forecasts thanks to strong reservations and increases in on-board spending by guests.
Carnival Corp. CEO Josh Weinstein is practically throwing confetti from the upper deck about 2025's prospects. For now, all the numbers and forecasts seem to support his optimism.
If your customers are leaving your ships to go spend money on beaches, you should own the beaches. That's the apparent logic of cruise line operators like Royal Caribbean in building private destinations. It's like vertical integration for vacations.
On July 1, consumers will find out if cruise operators are going to stick with the spirit of California's new junk fee regulation: full price transparency.
Carnival is the first cruise line to note the potential impact of the tragic Francis Scott Key Bridge collapse on the industry. A key port will be temporarily unavailable.