- Carnival Corporation is already half booked for 2027 with occupancy and pricing at record levels
- Customer deposits reached a third-quarter record of approximately $7.6bn, up about 7pc from $7.1bn
- June was an inflection point in booking momentum followed by acceleration in July and August
- 2028 is off to an excellent start at higher occupancy and even higher prices year over year
- More than half of onboard revenue was being pre-booked
Carnival Corporation is already half booked for 2027, with both occupancy and pricing at record levels, CEO Josh Weinstein stated during the company’s third quarter earnings call on Tuesday. Bookings taken during the third quarter solidified that position, with healthy increases compared to last year’s levels. Weinstein described June as an inflection point in booking momentum, followed by acceleration in both July and August. Customer deposits reached a third-quarter record of approximately $7.6bn, up about 7pc from $7.1bn a year earlier, despite flat capacity growth over the next 12 months.
With demand continuing to grow well ahead of intentionally measured capacity growth, Carnival has an opportunity to keep managing the booking curve for price. Looking further out, 2028 is off to an excellent start at higher occupancy and even higher prices year over year, with the booking curve further out than it has ever been at this point in the year. The booking disruption the company experienced this spring extended into the first quarter of 2027, but bookings for that period have rebounded meaningfully over the past three months. Demand remained broad-based, including healthy demand for peak summer European deployments. Many guests who postponed travel this year decided to go in 2027 instead. CFO David Bernstein stated more than half of onboard revenue was now being pre-booked, helped by bundled packages.
Carnival Corporation is already half booked for 2027. Customer deposits reached a third-quarter record of approximately $7.6bn. Demand remained broad-based including healthy demand for peak summer European deployments. More than half of onboard revenue was being pre-booked.
Josh Weinstein shared “With demand continuing to grow well ahead of our intentionally measured capacity growth, we have an opportunity to keep managing the booking curve for price.”
