With the cruise newbuild orderbook returning to the peak level not seen since 2007, is Carnival management worried about supply? Morgan Stanley analyst Jamie Rollo asked during the cruise giant's earnings call Tuesday.
As Carnival Corp & plc continues its focus on China—which president and ceo Arnold Donald said will someday be the world's largest cruise market—a senior corporate official will relocate to Shanghai. Alan Buckelew, chief operations officer, will move to Shanghai, Donald told analysts during Tuesday's third quarter earnings call.
Carnival Corp. & plc's net cruise costs excluding fuel per ALBD are expected to increase approximately 3% in 2015 due primarily to a significantly higher level of drydock days scheduled to install new air emissions technology and other systems aimed at improving fuel efficiency.
Strong close-in demand, on-board spending, double-digit yield growth in China, European recovery and greater Caribbean volumes pushed Carnival Corp. & plc to a higher third quarter profit, and the company raised its guidance on stronger advance bookings and pricing.
During the past half-century, the core dynamics of the cruise industry’s management structure and way of doing business have remained essentially intact. Until now that is, reports Tony Peisley in his latest research study: End of the Beginning for Cruising, covering all aspects of the global industry with forecasts to 2034.
Total ships: 31
Total berths: 100,075
Total Order Book Value:$23,939,948,000.00
Average Price Per Berth:$267,583