Carnival Corp Stock Price, News & Analysis

Princess Cruises has enhanced its Princess Plus and Princess Premier packages by adding new premium desserts, fitness classes, and other benefits, effective from February 20. Guests will now receive premium crafted desserts, smoothies, and fitness classes, greatly increasing the value of these packages. For $60 per person per day, guests save nearly 60% off a retail value of $140. Meanwhile, the Princess Premier package offers an amenity value of up to $257 for just $80 per person per day, achieving almost 70% savings. Bookings for these packages begin after December 14.

Holland America Line's Westerdam will resume cruises to Japan, starting February 3, 2023, after a hiatus of over two years. The ship, currently sailing in Australia, will undergo drydock in Singapore before launching its Asia season. The itineraries will include destinations like Taiwan, the Philippines, Thailand, and Malaysia with cruises lasting 11 to 14 days. These voyages celebrate the rich cultural heritage of the regions. The season concludes on April 24, 2023, with a North Pacific crossing to Seattle.

Carnival Cruise Line reported a record Cyber Monday booking day, achieving a 50% increase over Cyber Monday 2019. This follows the introduction of new services by Carnival Luminosa in Australia and Carnival Celebration in Miami, with 24 ships currently in operation. The company has also announced plans to expand its fleet, with three additional ships set to join by 2024. Consumer demand has surged, evidenced by a busy March 28-April 3 booking week earlier this year. The successful naming ceremony for Carnival Celebration on November 20 contributed to heightened interest in cruise vacations.

Cunard has revealed new itineraries for its upcoming luxury cruise ship, Queen Anne, debuting in 2024. From April 2024 to January 2025, over 190 voyages will be offered across the fleet, including maiden calls in 45 countries. Highlights include 62 maiden calls, six overnight stays, and a variety of itineraries in the Mediterranean and Norwegian Fjords. Cunard aims to redefine luxury cruising as they prepare to operate four ships simultaneously for the first time since 1999.

Xponential Fitness has launched a new promotion in collaboration with Princess Cruises, offering a unique Black Friday deal for XPASS subscribers. For every dollar spent on an XPASS membership, first-time users receive a matching credit for Princess Cruises, applicable to various global destinations. This offer celebrates 2 million minutes of booked class time and aims to enhance wellness and travel opportunities. The subscription options range from $49 to $199 monthly, providing flexibility and access to thousands of fitness classes across 2,200 studios in the U.S.

The newly refurbished Diamond Princess has launched its inaugural sailing from San Diego, enhancing tourism in the area. This milestone completes the Princess Cruises fleet. From November 2022 to February 2023, the ship offers various cruise itineraries from five to 16 days, covering the Mexican Riviera, California Coast, and Hawaiian Islands. Notably, a unique 20-day cruise to Central America departs on November 27. The ship features the MedallionClass Experience, ensuring a personalized cruising experience.

Cunard has partnered with the Royal Canadian Geographical Society (RCGS), announced at the RCGS annual dinner in Ottawa on November 16, 2022. This collaboration will feature RCGS experts on select 2023 voyages including the Queen Elizabeth in Alaska from June to August and the Queen Mary 2 from New York to Quebec in September. The partnership aims to enhance guest education about Canada's diverse landscapes and heritage, with a commitment to long-term collaboration in cultural understanding and enrichment programming.

Carnival Corporation has announced a private offering of $1 billion in 5.75% convertible senior notes due 2027 as part of its refinancing plan for 2024 maturities. The notes will pay interest semi-annually starting June 1, 2023, and are convertible into approximately 74.6714 shares of common stock per $1,000 note, with a conversion price of around $13.39. The company can redeem the notes for cash if stock prices exceed $17.41 from December 5, 2025. Proceeds will be used for debt repayment and general corporate purposes.