Josh Weinstein travel tips

Carnival booking volumes continue to exceed their 2019 levels in North America, but they have been slower to catch up to Asia, Australia and China, Carnival executives said during a Monday earnings call.

Carnival CEO Josh Weinstein said, during Wednesday’s earnings call for its fiscal fourth quarter that ended on November 30, some consumers are a bit weary about booking cruises with Covid and flu cases on the rise. But that didn’t dampen his optimism about 2023 with Carnival seeing a surge in bookings for the new year, after years of seeing its business being dogged by the pandemic with onboard outbreaks, deaths, and plenty of bad publicity.

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Outgoing Norwegian Cruise Line CEO and President Frank Del Rio took first place among the highest paid cruise CEOs, with $8.7 million in compensation in 2022. Cruise executives were evaluated largely based on how well they led their companies as their industry recovered after a rough two years of Covid with little-to-zero demand.

Carnival’s CEO said Monday that the cruise operator would not return to China in the next three years despite the country reopening to international travel. 

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