June 24 (Reuters) - Carnival Corp ( CCL ) raised
its annual profit forecast after beating second-quarter revenue
estimates on Tuesday driven by resilient demand from travelers
booking cruises to destinations including the Caribbean and
Mediterranean.
Shares of the company, whose portfolio of cruises includes
Holland America and Princess, rose 6.5% in premarket trading.
Cruise operators including Carnival Corp ( CCL ) and rival Royal
Caribbean Group have been expanding their portfolio of
carnival-themed private islands as they try to respond to strong
demand among cruisers for exclusive destinations.
Carnival has committed $600 million to develop Celebration
Key, an ambitious private resort destination on Grand Bahama
featuring water slides, entertainment venues, and dining
establishments. The facility debuts in July.
Bundled packages offering perks like drinks, Wi-Fi, and
excursions have encouraged guests to spend more onboard, further
boosting revenue for the cruise lines.
The cruise operator reported sales of $6.33 billion for the
quarter ended May 31, compared to analysts' estimates of $6.21
billion, according to data compiled by LSEG.
It forecast fiscal 2025 adjusted earnings per share of about
$1.97, compared with prior expectations of $1.83.