Carnival Corporation (CCL) shares jumped after the cruise operator reported better-than-expected fourth-quarter results amid strong ongoing vacation booking trends. CEO Josh Weinstein joined Yahoo Finance to discuss the company’s momentum.
Weinstein noted “record demand” persisting post-pandemic, with 2024 bookings already nearly two-thirds filled at “considerably higher prices.” He attributes this to increased advertising and onboard investments paying off, driving “true organic demand” beyond just pent-up post-COVID travel appetite.
In his view, Carnival’s “world class” brand experience and delivery of memorable voyages is attracting first-time and loyal cruisers alike to sail at historic volumes and pricing power. .
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