Carnival is On the ‘Sidelines’ in China and Says Onboard Spending is ‘Off the Charts’
Photo Credit: Photo Credit: Stephanie Klepacki on Unsplash Unsplash / Stephanie Klepacki
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Carnival seems to be sailing on high demand, but rising costs are proving to be rough waters for the company.
Carnival's CEO said Monday that the cruise operator would not return to China in the next three years despite the country reopening to international travel.
“There is no assumption in these numbers that we returned to China,” said the CEO, Josh Weinstein.
“The fact is we’re going to be on the sidelines for a few years because our assets are right where we want them to be,” he said. “We can always relook at that. Obviously, our assets are mobile, and we'll do that, but we feel really good.”
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