Sept 29 (Reuters) - Carnival Corp ( CCL ) raised
its annual forecast for profit, betting on strong demand and
higher onboard spending as well as ticket pricing for its cruise
vacations.
Cruise operators, including Carnival Corp ( CCL ) and rival Royal
Caribbean Group, have been racing to offer unique and
private experiences by expanding their portfolio to meet strong
demand for exclusive destinations.
Carnival has invested $600 million in Celebration Key, an
ambitious private resort destination on Grand Bahama, to help
maintain its competitive edge.
Bundled packages offering perks such as drinks, Wi-Fi, and
excursions have encouraged guests to spend more onboard, further
boosting revenue for the cruise lines.
The company forecast fiscal 2025 adjusted earnings per share
of about $2.14, up from its prior expectations of about $1.97.
The cruise operator reported adjusted profit per share of
$1.43 for the quarter ended August 31, beating analysts'
estimates of $1.32 according to data compiled by LSEG.
The company also logged quarterly sales of $8.15 billion,
compared with analysts' estimates of $8.10 billion.