Nearly half of Carnival Cruise Line’s 2025 cruises have already been sold and occupancy and pricing are at historical highs.
Josh Weinstein, CEO of Carnival Corporation told a Q2 earnings call that all core deployments are priced higher than the previous year, with each brand in the portfolio well booked, reflecting the effectiveness of the company’s demand generation strategies.
The company’s base loading strategy has contributed to a widening price advantage for 2025 booked positions compared to last year, providing confidence in maintaining positive momentum.
Record booking volumes for 2024, 2025, and 2026 led to customer deposits reaching nearly $7bn in the third quarter, along with increased pre-cruise purchases contributing to onboard revenue growth.
Josh Weinstein, CEO of Carnival Corporation told investors “in the last three months, our 2025 booked positions price advantage versus last year has actually widened for the full year and for each quarter individually. And with nearly half of 2025 already booked, we feel confident in maintaining our trajectory. While early days, the benefit of our enhanced commercial performance is carrying nicely into 2026 as we just achieved record booking volumes in the last three months for sailings that for out,” he continued. “This incredibly strong booked position for 2024, 2025 and 2026 drove record third quarter customer deposits towards $7bn, and that’s along with continued growth in pre-cruise purchases of onboard revenue.”
