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Carnival Corporation & plc is a British and American cruise operator with a combined fleet of over ninety vessels across nine cruise line brands. [4] A dual-listed company, Carnival is composed of the Panama-incorporated, US-headquartered Carnival Corporation, and UK-based Carnival plc, which function as one entity.
Carnival is one of ten cruise lines owned by the world's largest cruise ship operator, the American-British Carnival Corporation & plc. [3] In 2021, Carnival Cruise Line was estimated to hold a 7.6% share of cruise industry revenue and 18.2% of passengers. [4] It has 24 vessels and is the largest fleet in the Carnival group. [5]
As of 2021, the cruise industry was estimated to be around US$ 23.8 billion with 13.9 million passengers per year. The following is a list of the largest cruise lines with over 1,000 passengers per year and their market share by passengers and revenue as of 2021 according to Cruise Market Watch.
Currently the three largest cruise line holding companies and operators in the world are Carnival Corporation & plc, Royal Caribbean Group and Norwegian Cruise Line Holdings. As an industry, the total number of cabins on all of the world's cruise ships amount to less than 2% of the world's hotel rooms. [38]
Operating. Originally, the Carnival Destiny (renamed after refit) Carnival Sunshine in 2023: Carnival Valor: Carnival Cruise Line: 2004: 110,000: Operating: Carnival Valor in Costa Maya, 2022: Carnival Venezia: Carnival Cruise Line: 2019: 135,225: Operating. Transferred to Carnival in 2023 under Fun Italian Style: Carnival Venezia in Bermuda ...
P&O Princess Cruises merged with Carnival Corporation on April 17, 2003, to form the world's largest cruise operating company in a deal worth US$5.4 billion. [ 24 ] [ 25 ] As a result of the merger, Carnival Corporation and P&O Princess were integrated to form Carnival Corporation & plc , with a portfolio of eleven cruise ship brands.
He was the Chief Executive Officer of Carnival Corporation plc until August 2013, and continues to be the Chairman of the Board of Directors. [2] He has developed Carnival into a global cruise company and one of the largest vacation companies in the world.
Carnival is more expensive than it was earlier in the year, trading at 14x forward earnings estimates, compared with about 11x. But this still looks reasonable, considering the company's progress ...