Carnival Corp.’s bookings are accelerating, reflecting pent-up demand for cruising even as the industry remains essentially on hold. In a quarterly update Wednesday, the company said booking volumes in the first quarter of 2021 were about 90 per cent higher than in the fourth quarter of 2020. Cumulative advanced bookings for next year are ahead of 2019, which was already a particularly strong year. “The company highlights this level of bookings was achieved with minimal advertising and marketing,” Chief Executive Officer Arnold Donald said in the release. Pricing for 2022 is also higher than comparable pricing for 2019, Chief Financial Officer David Bernstein said in a conference call with analysts after the release. The Miami-based company also reported an adjusted net loss of US$1.95 billion for the first quarter, wider than analysts’ expectation of US$1.74 billion.
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