1234 ET - Carnival's Celebration Key, its new private destination in the Bahamas, is paying off, CEO Josh Weinstein says on a call with analysts. Early guest feedback has been "fantastic," and the cruise operator expects word of mouth to continue to build next year, when 2.8 million guests are set to visit the port. "This adds up to high utilization rates, with a ship in port virtually every day of the year and at least two ships 85% of the time," Weinstein says. He adds a pier extension is underway, and the port will be able accommodate up to four ships at a time by next fall. "In the early innings, the returns of our Celebration Key investment are indeed meeting expectations, all of which were built into our forecast and which we have exceeded," Weinstein says. Shares fall 5% despite a beat-and-raise in 3Q. (connor.hart@wsj.com)
(END) Dow Jones Newswires
September 29, 2025 12:34 ET (16:34 GMT)
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