Carnival Corporation sees rapid decline of demand to go to Caribbean after hurricane

 Friday, March 23, 2018

Carnival Line cruiseThe executive of Carnival Corporations see the relative weakness due to the lower demand for Caribbean itineraries especially sailings out of San Juan, Puerto Rico.



Chief Financial Officer David Bernstein said that for the eastern Caribbean and San Juan itineraries, Carnival Corporations is expecting to optimize the revenues yields by holding price. The current perception of these regions is still somewhat impacted from last year’s hurricanes, the guests are having a great time and coming home very happy. So it’s just a matter of time before they are successful in getting the word out and improving things even further.



Carnival Corporation is the world’s largest cruise company with nine brands and more than 100 ships, saw revenue for the quarter ending February 28 with an increase from $3.8 billion in 2017 to $4.2 billion this year. The profit for Carnival Corp has rose from $352 million to $391 million year-over-year.



The executives of Carnival said that the busy cruise planning months known as “wave season” at the beginning of the year delivered strong bookings. And excluding China, where the company is shifting its method of distribution in a way that will see sailings booked later, global cumulative bookings are ahead of the previous year at higher prices.



What Carnival is suffering that the demand to go Caribbean Islands has fell after Hurricane Maria and Irma. The bookings for the first quarter of 2018 were already made by then, but demand fell off for the later parts of the year in the weeks surrounding the storms and during the recovery in the later part of 2017.



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