Carnival Plc Stock Price, News & Analysis

Holland America Line has achieved Responsible Fisheries Management (RFM) certification, becoming the first cruise line to serve only fresh, certified sustainable Alaska seafood. This certification applies to all six ships that operate in Alaska, confirming their commitment to sustainability through independent audits. The RFM certification assures traceable seafood origins from wild-capture fisheries, aligning with international standards set by the FAO. The initiative supports local fishing communities and enhances the culinary experience aboard their ships.

Princess Cruises has launched The Love Boat Sale, offering guests significant savings on cruises and cruisetours for 2023 and beyond. The promotion, which runs from September 1 to October 31, 2022, provides a value of $765, including a $100 shore excursion credit. The sale honors the company's connection to the iconic show, 'The Love Boat,' and aligns with the upcoming reality series, 'The Real Love Boat.' Guests booking during this sale can enjoy added amenities when choosing Princess Plus or Princess Premier packages.

Holland America Line announces its 2022 Culinary Cruises featuring celebrity chefs from its Culinary Council. Guests will enjoy cooking demonstrations, exclusive dinners, and special menu offerings during the cruises, available on select voyages from September to December 2022. Notable chefs include Ethan Stowell, Jacques Torres, Rudi Sodamin, David Burke, and Andy Matsuda, each bringing unique culinary experiences. The cruises aim to enhance the onboard dining experience, offering guests direct interaction with renowned chefs.

Holland America Line has launched its new campaign, "See the World from Your Doorstep", in response to increasing demand for roundtrip travel from U.S. homeports. The cruise line offers more than 15-night voyages from Boston, Fort Lauderdale, San Diego, and Seattle, with itineraries visiting 225 ports in 91 countries. A recent survey indicated that 82% of U.S. respondents prefer cruises departing from domestic ports. The cruise line also features four Grand Voyages for travelers seeking extensive exploration options.

Carnival Cruise Line has announced that reservations are now open for their newest ship, Carnival Luminosa, with inaugural sailings beginning on Nov. 6, 2022 from Brisbane, Australia. The ship will also reposition for seasonal service to Alaska in May 2023. Carnival Luminosa features a blend of classic and new elements, including a vintage funnel design and popular onboard activities such as dining, entertainment, and spa services. The ship will offer various itineraries, including trips to the Great Barrier Reef and key Alaskan ports.

Carnival Corporation has successfully closed the exchange of approximately $339 million in 5.75% Convertible Senior Notes, maturing in 2024, extending the maturity from 2023. This exchange incurs no upfront cost and causes no dilution to shareholders, maintaining the same conversion price. The New Notes will be guaranteed by Carnival plc and subsidiaries. The notes were issued without registration under the Securities Act, highlighting Carnival's strategy to manage its debt effectively amidst ongoing uncertainties, including the impacts of COVID-19.

Carnival Corporation has announced a privately negotiated exchange agreement involving $339 million of existing 5.75% Convertible Senior Notes due 2023. The exchange will replace these with new notes of the same amount, maintaining a 5.75% coupon and extending maturity to October 2024. This move presents no dilution to shareholders and incurs no upfront costs. Following the exchange, $183 million of the original notes will remain outstanding, with the exchange expected to close on August 22, 2022.

Princess Cruises has partnered with Trackhouse Racing, sponsoring Daniel Suárez's No. 99 Chevrolet Camaro for upcoming NASCAR races at Watkins Glen on Aug. 21 and Homestead on Oct. 23. This collaboration aims to engage NASCAR fans by promoting cruise travel. With 15 ships serving 330 destinations, Princess Cruises is committed to enhancing the NASCAR experience for fans. Trackhouse Racing seeks to showcase the appeal of cruise vacations to its expanding audience, enhancing brand visibility within the sport.

Carnival Cruise Line reported a significant surge in booking activity, with reservations on August 15, 2022, nearly doubling compared to the same day in 2019. This increase follows the relaxation of pre-cruise vaccination and testing requirements for guests, effective from September 6, 2022. Christine Duffy, president of Carnival, noted strong occupancy projections for summer and solid bookings through 2022, indicating high pent-up demand. Carnival continues to emphasize health and safety while refining protocols in collaboration with medical experts.