Carnival Has a Plan to Drive Onboard Spending Higher -- Market Talk

Dow Jones2024-12-20

1257 ET - Strong onboard spending helped fuel Carnival's recent quarter, in which the cruise operator swung to a profit and posted higher revenue. CEO Josh Weinstein, though, says on a call with analysts that onboard spending can continue to grow. "We've got a good amount of runway to continue the progress we've been making around pulling forward the spend," he says. The earlier that guests book a cruise, the more time they have to save up ahead of embarking, and the more likely they are to spend onboard. "We're nowhere near what the cap could be on those types of efforts," Weinstein says, "so I'm pretty enthusiastic as you can probably tell." (connor.hart@wsj.com)

(END) Dow Jones Newswires

December 20, 2024 12:57 ET (17:57 GMT)

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