A cruise passenger is suing Carnival after his balcony door "unexpectedly slammed shut with substantial force" and amputated his right index finger during a September 2022 cruise onboard the Carnival Horizon.
Carnival Cruise: No Signs of Consumer Spending Slowdown
29.09.2023 - 19:07 / skift.com / Dawit Habtemariam / David Bernstein
Carnival Cruise executives had their conference call to discuss third-quarter results Friday, and Wall Street analysts kept asking about the risk of a consumer slowdown.
The answer was always the same: “We’re trying to say it as plainly as we can. We just have not seen any sign of slowdown,” said Carnival Cruise CEO Joshua Weinstein. “The only slowdown we see is as we’re running out of inventory, it has to slow down.”
Booking volumes? Up 20% from 2019. Occupancy? At 109%. Onboard consumer spending? “Strong,” said CFO David Bernstein.
Weinstein told analysts he is confident onboard consumer spending will continue to stay strong into 2024. “Literally, they’re spending the same amount today that they were 3 quarters ago, and we haven’t seen that slowdown,” he said. “So that’s very encouraging, and that’s part of what gives us confidence when we say we’re feeling pretty good about our business in light of whatever is going on in the macro economy.”
Here’s what else you need to know about Carnival’s third-quarter earnings call:
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