Carnival tips

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.

The Obama administration approved U.S. educational and people-to-people travel to Cuba in 2015, but a U.S. federal judge in Florida last week ordered four major cruise lines to pay more than $400 million in damages plus legal fees to a U.S. company that ran the port in Havana until it was confiscated after the Cuban revolution of 1959.

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Rio de Janeiro’s famously colorful Carnival celebration will return in full force this month and is expected to generate nearly $1 billion in business, an all-time high, following the pandemic-related restrictions of years past.

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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’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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