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Why Carnival Stock Surged 27% in May
Why Carnival Stock Surged 27% in May

Yahoo

time04-06-2025

  • Business
  • Yahoo

Why Carnival Stock Surged 27% in May

Carnival continues to report records across metrics. It refinanced $5.5 billion at much better rates in the first quarter, but total debt is still very high. Carnival stock is attractively priced. 10 stocks we like better than Carnival Corp. › Carnival (NYSE: CCL)(NYSE: CUK) stock jumped 27% in May, according to data provided by S&P Global Market Intelligence. The stock is on the rebound after crashing earlier this year on fears of crackdowns on cruise industry taxes, and it got a boost from an analyst upgrade. Carnival stock has been volatile since crashing when the pandemic started. The company has made incredible progress in rebuilding its business, with record demand every quarter that it keeps smashing through, but the market is still concerned about its massive outstanding debt. The 2025 fiscal first quarter (ended Feb. 28) was another huge success. Revenue increased 7% year over year to $5.8 billion, and operating income nearly doubled to $543 million. The advanced booking position was in line with last year's record highs, and bookings for 2026 surpassed previous records. Total deposits were $7.3 billion, a first-quarter record, driven by both ticket sales and pre-cruise onboard sales, and ticket sales were at historical highs. Net yields, adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA), and adjusted net income all exceeded management's guidance. Management is focused on driving demand and on cost efficiency. It launched a robust digital ad campaign that's yielding strong results, and it's getting the word out about what it calls its "game-changing asset," Celebration Key. This is an exclusive island resort devoted only to Carnival cruise guests. It's also ordering new ships to keep up with growing demand and generate further sales growth over the next few years. The business is going well, but debt is still weighing on the balance sheet. Management made some major moves to reduce it in the first quarter, refinancing $5.5 billion of debt with lower-interest notes. It expects $145 million in annualized interest expense savings, and it reduced the total debt by another $500 million. However, Carnival's total debt stands at $27 billion as of the end of the first quarter, well above its historical levels. Carnival stock headed lower in February after Commerce Secretary Howard Lutnick said the Trump administration would get tougher on cruise companies that don't pay taxes. But as the price tumbled, it started to look very attractive to bargain hunters. Even now, Carnival stock trades at just 11 times forward one-year earnings. It also got a boost when an HSBC analyst raised it from a reduce rating to a hold rating. Carnival stock may not be for the most risk-averse investor, but it could be an excellent buy right now for investors who can handle a bit of risk. Before you buy stock in Carnival Corp., consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Carnival Corp. wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $656,825!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $865,550!* Now, it's worth noting Stock Advisor's total average return is 994% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 HSBC Holdings is an advertising partner of Motley Fool Money. Jennifer Saibil has no position in any of the stocks mentioned. The Motley Fool recommends Carnival Corp. and HSBC Holdings. The Motley Fool has a disclosure policy. Why Carnival Stock Surged 27% in May was originally published by The Motley Fool Sign in to access your portfolio

Royal Caribbean and Carnival are racing to grow their private islands and resorts. Here's how their new cruise destinations compare.
Royal Caribbean and Carnival are racing to grow their private islands and resorts. Here's how their new cruise destinations compare.

Yahoo

time30-05-2025

  • Business
  • Yahoo

Royal Caribbean and Carnival are racing to grow their private islands and resorts. Here's how their new cruise destinations compare.

Large cruise lines are expanding their collections of private islands and resorts. Royal Caribbean has been a leader with its themepark-like island. Now, competitors like Carnival are coming. Here's how Carnival's Celebration Key and Royal Caribbean's Perfect Day Mexico compare. Royal Caribbean might need to post a lookout from its theme park-like private island: Its biggest competitor is steaming straight ahead. Carnival is set to open a multi-complex resort, Celebration Key, in July on the Grand Bahama Island. And it'll be packed with amenities that so far have been decidedly Royal Caribbean's turf: water slides, swim-up bars, and pay-to-enter clubs. It's not alone: Almost every major cruise company is rushing to develop its collection of private destinations. Norwegian is building a pier and new resort-like amenities at its Caribbean island, Great Stirrup Cay. And MSC is building a second, smaller island next to its first, Ocean Cay. They all come on the heels of Royal Caribbean's wildly successful island, Perfect Day at CocoCay, which arguably kickstarted the cruise-to-resort boom when it launched in 2019. Royal Caribbean has invested $350 million into enhancing the island with features like a ticketed adult-only lounge. Emphasis on "ticketed" — it's a key reason cruise companies are expanding their resort portfolios. These in-house warm-weather retreats both maximize profits and reduce fuel expenditure due to their proximity to Florida's major look at how Royal Caribbean and Carnival are going head-to-head with their coming destinations. undefined Celebration Key and Perfect Day Mexico: sisters, not twins. Both cruise-owned resorts are intended to be complimentary to enter. But it's not all free: Guests will encounter add-on fees for different amenities. They'll also each have more than 30 food and beverage options scattered throughout different districts, designed for different travelers. At both resorts, five segments are fairly comparable: an arrivals area, a premium club, stretches of beaches, an adult-only lounge, and a laid-back family-friendly pool. Only Carnival's Celebration Key plans to have a shopping district. The open-air retail center, called Lokono Cove, is set to carry a variety of gift shop inventory made by local Bahamian artists. Royal Caribbean says Perfect Day Mexico will also sell locally made souvenirs, although it's unclear where these stores will be. Similarly, only Royal Caribbean's Perfect Day Mexico is expected to have a complete waterpark. Royal Caribbean is recreating Perfect Day at CocoCay's best amenity — its 14-slide waterpark, which can cost about $100 per person to enter — at Perfect Day Mexico. Plans for the new Loco Waterpark span over 30 rides, including a six-person raft slide and two 170-foot-tall, over two-minute-long racing slides. There will also be a kids' section and various pools for the youngest guests. Carnival's Celebration Key isn't expected to have a waterpark, although the company does say its family pool, Starfish Lagoon, will have a children's water play area and two 350-foot-long, 10-story-tall slides. Starfish Lagoon is Carnival's take on a kid-friendly resort pool. In addition to the water amenities, Carnival says Starfish Lagoon will have outdoor games and sports, a swim-up bar, hammocks, and both floating and on-land cabanas — all centered on a large pool. Royal Caribbean's family area, Splash Cove, should look drastically different — and lazier. In addition to a 100,000-square-foot pool and a water playground, Perfect Day Mexico's Splash Cove is said to have the cruise line's first lazy river, dotted with in-water bars, rentable cabanas, and a high-energy path with waves and rapids. Looking for an escape from the kids? Royal Caribbean promises El Hideaway — and Carnival promotes Calypso Lagoon. Calypso Lagoon shares Starfish Lagoon's large pool and sports amenities. To make it grown-up-friendly, its plans also include a bar with 50 swinging seats and an adult-only section marked by a DJ, plenty of lounge chairs, and, of course, rentable cabanas. Both Calypso and Starfish share a mile-long beach. Perfect Day Mexico's beach is set to be about twice as long. Unlike Calypso Lagoon, Perfect Day Mexico's adult-only El Hideaway would require a day pass (likely with a fee) to enter. Once inside, Royal Caribbean says guests will have amenities like a swim-up bar, a DJ, and a rentable 20-person cabana with a private pool and bar. If you want to spend big, pay for the premium beach clubs: Perfect Day Mexico's Costa and Celebration Key's Pearl Cove. Perfect Day Mexico's Costa Beach Club and Celebration Key's Pearl Cove Beach Club are expected to operate as upscale waterfront lounges with high-end restaurants and infinity pools. Carnival's is meant to be adult-only. Both resorts could become the centerpiece of their cruise lines' itineraries. Carnival says it will continue expanding Celebration Key after its July debut, including building a $100 million pier extension to simultaneously accommodate four of its largest ships by 2026. Almost all of the company's vessels are currently scheduled to visit Celebration Key. By 2028, Carnival says the resort will be capable of welcoming 4 million travelers annually. Similarly, Cruise Critic reported that Perfect Day Mexico will be able to accommodate up to 21,000 guests daily. And by 2027, 90% of Royal Caribbean's Caribbean guests will sail to a Perfect Day resort: CocoCay, Mexico, or both. Read the original article on Business Insider

Royal Caribbean and Carnival are racing to grow their private islands and resorts. Here's how their new cruise destinations compare.
Royal Caribbean and Carnival are racing to grow their private islands and resorts. Here's how their new cruise destinations compare.

Business Insider

time29-05-2025

  • Business
  • Business Insider

Royal Caribbean and Carnival are racing to grow their private islands and resorts. Here's how their new cruise destinations compare.

Large cruise lines are expanding their collections of private islands and resorts. Royal Caribbean has been a leader with its themepark-like island. Now, competitors like Carnival are coming. Here's how Carnival's Celebration Key and Royal Caribbean's Perfect Day Mexico compare. Royal Caribbean might need to post a lookout from its theme park-like private island: Its biggest competitor is steaming straight ahead. Carnival is set to open a multi-complex resort, Celebration Key, in July on the Grand Bahama Island. And it'll be packed with amenities that so far have been decidedly Royal Caribbean's turf: water slides, swim-up bars, and pay-to-enter clubs. It's not alone: Almost every major cruise company is rushing to develop its collection of private destinations. Norwegian is building a pier and new resort-like amenities at its Caribbean island, Great Stirrup Cay. And MSC is building a second, smaller island next to its first, Ocean Cay. They all come on the heels of Royal Caribbean's wildly successful island, Perfect Day at CocoCay, which arguably kickstarted the cruise-to-resort boom when it launched in 2019. Royal Caribbean has invested $350 million into enhancing the island with features like a ticketed adult-only lounge. Emphasis on "ticketed" — it's a key reason cruise companies are expanding their resort portfolios. These in-house warm-weather retreats both maximize profits and reduce fuel expenditure due to their proximity to Florida's major ports. Let's look at how Royal Caribbean and Carnival are going head-to-head with their coming destinations. Carnival and Royal Caribbean each have at least one destination scheduled to debut in 2025. In addition to its private island, Royal Caribbean is building two pay-to-enter "Royal Beach Clubs" on Paradise Island, Bahamas, and Cozumel, Mexico. They're set to open in 2025 and 2026. There's also another beach destination on Lelepa, Vanuatu, that's set to open in 2027, and a second Perfect Day that's set for 2027, too. CocoCay, which is the model for these planned Royal destinations, operates less like an untouched island and more like a Caribbean resort with pay-to-enter clubs, waterslides, and upscale lounges. None of Carnival's private ports, including its RelaxAway, Half Moon Cay island, are as flashy or theme park-like as its competitor — that is, until Celebration Key is set to open in July. Celebration Key and Perfect Day Mexico: sisters, not twins. Both cruise-owned resorts are intended to be complimentary to enter. But it's not all free: Guests will encounter add-on fees for different amenities. They'll also each have more than 30 food and beverage options scattered throughout different districts, designed for different travelers. At both resorts, five segments are fairly comparable: an arrivals area, a premium club, stretches of beaches, an adult-only lounge, and a laid-back family-friendly pool. Only Carnival's Celebration Key plans to have a shopping district. The open-air retail center, called Lokono Cove, is set to carry a variety of gift shop inventory made by local Bahamian artists. Royal Caribbean says Perfect Day Mexico will also sell locally made souvenirs, although it's unclear where these stores will be. Similarly, only Royal Caribbean's Perfect Day Mexico is expected to have a complete waterpark. Royal Caribbean is recreating Perfect Day at CocoCay's best amenity — its 14-slide waterpark, which can cost about $100 per person to enter — at Perfect Day Mexico. Plans for the new Loco Waterpark span over 30 rides, including a six-person raft slide and two 170-foot-tall, over two-minute-long racing slides. There will also be a kids' section and various pools for the youngest guests. Carnival's Celebration Key isn't expected to have a waterpark, although the company does say its family pool, Starfish Lagoon, will have a children's water play area and two 350-foot-long, 10-story-tall slides. Starfish Lagoon is Carnival's take on a kid-friendly resort pool. In addition to the water amenities, Carnival says Starfish Lagoon will have outdoor games and sports, a swim-up bar, hammocks, and both floating and on-land cabanas — all centered on a large pool. Royal Caribbean's family area, Splash Cove, should look drastically different — and lazier. In addition to a 100,000-square-foot pool and a water playground, Perfect Day Mexico's Splash Cove is said to have the cruise line's first lazy river, dotted with in-water bars, rentable cabanas, and a high-energy path with waves and rapids. Looking for an escape from the kids? Royal Caribbean promises El Hideaway — and Carnival promotes Calypso Lagoon. Calypso Lagoon shares Starfish Lagoon's large pool and sports amenities. To make it grown-up-friendly, its plans also include a bar with 50 swinging seats and an adult-only section marked by a DJ, plenty of lounge chairs, and, of course, rentable cabanas. Both Calypso and Starfish share a mile-long beach. Perfect Day Mexico's beach is set to be about twice as long. Unlike Calypso Lagoon, Perfect Day Mexico's adult-only El Hideaway would require a day pass (likely with a fee) to enter. Once inside, Royal Caribbean says guests will have amenities like a swim-up bar, a DJ, and a rentable 20-person cabana with a private pool and bar. If you want to spend big, pay for the premium beach clubs: Perfect Day Mexico's Costa and Celebration Key's Pearl Cove. Perfect Day Mexico's Costa Beach Club and Celebration Key's Pearl Cove Beach Club are expected to operate as upscale waterfront lounges with high-end restaurants and infinity pools. Carnival's is meant to be adult-only. Both resorts could become the centerpiece of their cruise lines' itineraries. Carnival says it will continue expanding Celebration Key after its July debut, including building a $100 million pier extension to simultaneously accommodate four of its largest ships by 2026. Almost all of the company's vessels are currently scheduled to visit Celebration Key. By 2028, Carnival says the resort will be capable of welcoming 4 million travelers annually. Similarly, Cruise Critic reported that Perfect Day Mexico will be able to accommodate up to 21,000 guests daily. And by 2027, 90% of Royal Caribbean's Caribbean guests will sail to a Perfect Day resort: CocoCay, Mexico, or both.

Carnival to launch paperless solution for shore excursions
Carnival to launch paperless solution for shore excursions

Travel Weekly

time07-05-2025

  • Business
  • Travel Weekly

Carnival to launch paperless solution for shore excursions

Entry to Carnival Cruise Line excursions will soon be paperless. The line announced Wednesday that Carnival's Hub app will offer digital confirmation prior to excursion check-in and that guests' Sail & Sign cards will then be all they need to show upon arrival. The rollout of the new system will begin with Bahamian private destination Celebration Key when it opens July 19 and will be expanded to other destinations. That includes Alaska and Europe by summer 2026, Carnival said. In addition to check-in confirmation, the app will include information about excursion logistics such as meeting times and locations. Guests will be able to make last-minute bookings if space is available. The new system launched in Australia earlier this year and is currently being piloted in the Bahamas and Caribbean.

CARNIVAL CRUISE LINE UNVEILS AN EXCITING 'INNOVATION ITINERARY' OF NEW SHIPS, FLEET ENHANCEMENTS, DEPLOYMENT PLANS AND EXCLUSIVE DESTINATIONS
CARNIVAL CRUISE LINE UNVEILS AN EXCITING 'INNOVATION ITINERARY' OF NEW SHIPS, FLEET ENHANCEMENTS, DEPLOYMENT PLANS AND EXCLUSIVE DESTINATIONS

Yahoo

time06-04-2025

  • Business
  • Yahoo

CARNIVAL CRUISE LINE UNVEILS AN EXCITING 'INNOVATION ITINERARY' OF NEW SHIPS, FLEET ENHANCEMENTS, DEPLOYMENT PLANS AND EXCLUSIVE DESTINATIONS

Line Lays Out Strategic Plans to Further Solidify Its Position as the Cruise Industry Innovator and Leader MIAMI, April 6, 2025 /PRNewswire/ -- Building on a period of expansive growth, Carnival Cruise Line is outlining its strategic plans over the next five years with the introduction of its "Innovation Itinerary," focused on three pillars: sailing the most fun fleet at sea; creating compelling experiences and destinations; and building more Carnival loyalists. The line's President Christine Duffy provided details on new ships, deployment, fleet enhancements and exclusive destinations at a media briefing today aboard Carnival Celebration at PortMiami. (To see video from the event, click here.) "Since our inception in 1972, we have defined and led the modern cruise industry and our plans for the next five years and beyond are no different," said Duffy. "The excitement and energy continue at Carnival! Having just integrated two ships into the Carnival fleet in Australia, we now stand at 29 ships, the largest global fleet in our history. Looking ahead, we have the opening of Celebration Key this July, followed by our expansion at RelaxAway, Half Moon Cay in 2026; the delivery of our fourth and fifth Excel ships in 2027 and 2028; and then the introduction of three ships in our new platform, Project Ace, beginning in 2029, plus fleet enhancements and new investments at some of our existing destinations. We are poised to continue our leadership position as both America's Cruise Line and the World's Most Popular Cruise Line." New Ships: At the event, Duffy revealed that the fourth ship in Carnival's award-winning Excel class ships will be named Carnival Festivale, continuing the tradition of giving these ships the names of the first Carnival ships that popularized cruise vacations for so many Americans. Debuting in spring 2027, Carnival Festivale will sail from Port Canaveral, Florida. Reservation and itinerary details will be released this summer. In the meantime, those who want to be the first know can be notified by signing up here. Carnival Festivale will keep in the Carnival tradition of bringing innovation and fun with each new ship and will debut three brand new zones; two of which on Decks 6, 7, and 8 will celebrate music with new music-themed venues and immersive experiences, representing the ways in which music brings people together. One zone is inspired by the process of creating music, using cutting-edge media, interactive moments, immersive sound and transformative lighting to activate it throughout the cruise, while the other zone on deck 8 symbolizes the energetic vibes of outdoor music performances. Carnival sails more families than any other cruise line, welcoming one million children per year; and to better serve those families, Carnival Festivale will feature 1,000 interconnecting rooms, nearly 70% more than on the first three Excel ships. The expansion of the interconnecting rooms is in lieu of the Family Harbor staterooms on the existing Excel ships. Carnival Festivale will also introduce a dedicated space for Carnival's Turtles program which is for children six months to two years, and more experiences for them on the open decks. Overall spaces for Carnival's youth programs will also be enhanced to support additional programming. Carnival Festivale will also feature a new outdoor zone on the top three decks, named Sunsation Point, that is a vibrant and exhilarating family fun zone that promises endless entertainment and unforgettable memories for guests of all ages. On Deck 18, a main feature of Sunsation Point is Carnival Waterworks Ultra, the most family friendly water park at sea and the ultimate destination for splashy excitement. This new area will replace BOLT, the Ultimate Seacoaster that is the top deck feature on the existing Excel ships. The expansive water park will feature six exhilarating slides, four of which are new to Carnival, including two family raft slides and, in the spirit of catering to all ages, slides that allow guests as little as three feet tall! Two different splash pads offer endless aquatic playtime with kids' slides and spray toys, while dedicated baby splash areas that will let even the littlest cruisers get in on the fun. The treehouse inspired elevated adventure trail and toddler areas provide dry play activities with plenty of shaded seating nearby. A sports court, ropes course and jogging track along with a new miniature golf course, outdoor games and themed arcade spaces are also included in this zone. In the evening, Sunsation Point bursts with vibrant illumination and the fun continues into the night with special evening events that have extended water park hours, in addition to a DJ and other activities. This is a first for Carnival to open Waterworks at night and activate multi deck zones for guests of all ages to enjoy together in the evening. Since this ship will be sailing from Port Canaveral alongside Mardi Gras, there will be new dining options. Carnival's Chief Culinary Officer Emeril Lagasse is working closely with the Food and Beverage team to develop new concepts, including a new dining outlet that will replace ChiBang! But guests don't have to worry as fan favorites Guy's Burger Joint, Pig & Anchor Smokehouse Brewhouse and Big Chicken are a few of the staples that will continue. More details on dining options will be available in the coming months. Duffy also revealed that the name of the line's fifth Excel class ship will be Carnival Tropicale, also one of the original names of early Carnival ships. The homeport and open for sale date will be unveiled well ahead of the scheduled delivery of the ship in spring 2028. Many of the new features on Carnival Festivale will also be included on Carnival Tropicale, as well as some new concepts and theming. Looking further ahead, Carnival's exclusive new ship platform, currently called Project Ace, includes three ships at 230,000 gross tons each being built by Fincantieri that will be delivered in 2029, 2031 and 2033, respectively. With over 3,000 guest staterooms, the new ships will be the largest in the Carnival Corporation global fleet and will be able to deliver fun to more guests than any ship in the world when carrying almost 8,000 guests at full capacity. "These ships clearly represent the next generation of Fun ships. They will be experiences unto themselves, and, partnered with itineraries that call in part on our exclusive destinations, will provide amazing cruise vacations for guests," said Duffy. "This class will introduce new dining outlets, entertainment, and re-imagined outer deck amenities. Our New Build team is in the midst of designing these vessels, so stay tuned for more as we get closer to delivery." Deployment Updates: When Carnival Festivale is delivered in spring 2027 and begins sailing from Port Canaveral, Mardi Gras will move to offering short cruises from the same homeport. "As new ships are introduced, this will allow us to upgrade capacity and hardware in key markets, with a particular focus on short cruises," explained Duffy. "With short cruises on Mardi Gras, our guests who may not have the time to take a weeklong vacation can experience all the amazing features of our Excel class." Carnival has always been a leader in offering short cruises which appeal to first-time cruisers and families with more limited vacation time. Carnival offers short cruises from all of its homeports in the U.S. and Australia, with the exceptions of Baltimore and Seattle. Duffy also reiterated Carnival's commitment to serving the line's secondary markets which are an important part of its portfolio as America's Cruise Line by continuing to be an accessible vacation for 50 percent of the U.S. population that is within a five-hour drive of a Carnival cruise. As part of this commitment, Carnival will return to year-round operations in Mobile, Alabama beginning in spring 2027. Carnival previously sailed year-round from Mobile and currently sails seasonally. In addition, Carnival is exploring moving a larger Conquest class ship to Baltimore in 2027 that can accommodate about 1,000 more guests than Carnival Pride, the Spirit class ship currently deployed from Baltimore. Guest Experience: Since first introducing Fun Ship 2.0 in 2011, Carnival has continually sought to enhance the guest experience on its ships. In order to continue to innovate, Carnival will be evolving the guest experience on its existing ships by making strategic enhancements. Changes will include décor modernization, new dining, beverage and entertainment experiences that will draw from features and concepts that will be introduced on its new ships. More details will be revealed as dry dock and enhancement plans are finalized. Destinations: It's not just ships that are part of the Innovation Itinerary, it's also about exclusive destinations. Carnival Corporation already has the largest collection of cruise destinations across the Caribbean and Mexico that are utilized by many of its corporate brands. Carnival Cruise Line, as the largest year-round operator in these regions, is the line that frequents these destinations the most. Given this, the destinations are being enhanced and will be marketed as the new Paradise Collection by Carnival and include: The first exclusive destination that has been designed for Carnival guests, Celebration Key is a game-changer, opening in July. It offers guests the ultimate day in paradise. Twenty Carnival ships from 10 U.S. homeports on more than 1,400 sailings are already open for sale and will make visits to Celebration Key through 2027, with more to come. The line recently announced the expansion of RelaxAway, Half Moon Cay, which has been consistently rated as one of the top destinations in the Caribbean. The addition of a pier that can support Excel class and Project Ace ships will allow Carnival to bring its largest ships to this beautiful destination. The expansion is focused on unlocking more of the beach paradise Carnival guests love, making sure to preserve the pristine beach and lush, natural beauty of this island paradise. The destination's enhancements will begin to be completed by summer 2026 and continue through the end of the year. Coming in 2026, Mahogany Bay, Carnival's destination in Roatan, Honduras, will be renamed Isla Tropicale and expanded to include a pool with a swim up bar and cabanas. Future enhancements will also include an expanded beach and a beach club. Loyalty: Duffy rounded out the event by confirming that Carnival will be enhancing its existing loyalty program, the details of which are expected to be announced this summer, with enhancements taking effect in 2026. "Carnival has an incredibly loyal and passionate fan base who are advocates for our brand, our crew and the amazing vacations we deliver. We've had our existing VIFP loyalty recognition program in place since 2012 and as our fleet and business has grown, so has the VIFP program," she said. "As we continue to grow, we are modifying the program to unlock greater value and engagement for our loyal guests." Duffy said updates will be announced this summer, giving guests and travel advisors plenty of time to learn about the changes. For additional information on Carnival Cruise Line and to book a cruise vacation on Carnival, call 1-800-CARNIVAL, visit or contact your favorite travel advisor or online travel site. ABOUT CARNIVAL CRUISE LINE Carnival Cruise Line, part of Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), is the first cruise line to sail over 100 million guests and is proud to be known as America's Cruise Line, for carrying more Americans and serving more U.S. homeports than any other. Since its founding in 1972, Carnival has continually revolutionized the cruise industry and popularized the cruise vacation as an affordable and fun travel option. Carnival operates from 13 U.S. and two Australian homeports, as well as seasonally from Europe and employs more than 50,000 team members representing 120 nationalities. Carnival's fleet of 29 ships reflects an exciting period of growth that continues with the addition of five ships through 2033: a fourth and fifth Excel class ship scheduled for 2027 and 2028 respectively; followed by three additional new ships from an innovative new class currently under development. Carnival's next new guest offering will be the all-new exclusive destination, Celebration Key, set to debut on Grand Bahama this summer. View original content to download multimedia: SOURCE Carnival Cruise Line

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