Carnival Corp. had a rough day on Wall Street after its forecast for 2019 disappointed. Executives at the world's largest cruise company are hoping to far surpass the low expectations they laid out Thursday.
While some cruise lines are pulling back on their presence in China, Carnival Corp. is moving forward with its long-planned joint venture with local partners. Will domestic travelers flock to a homegrown brand?
Cruising has embraced diversity in leadership and diversity in experiences for consumers in recent years. This bodes well for the industry as it continues a concerted effort to get more people to try cruising.
As cruise lines roll out new ships, they're showing them off to more markets. Carnival's approach — spreading its newest capacity around to several different ports — gives it the opportunity to reach a wide swath of the U.S.
Now that Royal Caribbean Cruises and Carnival Corp. have made serious moves in the expedition space, is it still a "niche" sector of the cruise industry? We expect to see more activity in the coming years from players big and small.
Carnival's shares took a beating Monday after the company lowered its forecast for the full year. Executives pointed out the reason was a hit from fuel and currency, not a lack of demand. That said, they (and the rest of the travel industry) could really use a quiet hurricane season this year.
No one doubts that Cuba will continue to grow as a cruise destination. The question is how that growth will be managed — and whether the island can cope with the influx of additional daily visitors.