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August 02, 2015 10:41 PM ET

Hotels, Restaurants and Leisure

Company Overview of Carnival Corporation

Company Overview

Carnival Corporation operates as a cruise company worldwide. It provides vacations to various cruise destinations. The company offers cruise services under the Carnival Cruise Lines, Holland America Line, Princess Cruises, and Seabourn brand names in North America; and AIDA Cruises, Costa Cruises, Cunard, and P&O Cruises names in Europe, Australia, and Asia. It operates 100 cruise ships. It also owns and operates 12 hotels or lodges, and approximately 300 motor coaches and 20 glass-domed railcars. The company sells its cruise services through retail, online and home-based agents, wholesalers, general sales agents, and tour operators. Carnival Corporation was incorporated in 1972 and is headq...

3655 NW 87th Avenue

Miami, FL 33178

United States

Founded in 1972

94,100 Employees



Key Executives for Carnival Corporation

Chief Executive Officer, President, Director and Member of Executive Committee
Age: 60
Total Annual Compensation: $1.0M
Chief Financial Officer
Age: 57
Total Annual Compensation: $675.0K
Chief Operations Officer
Age: 66
Total Annual Compensation: $825.0K
Chief Executive Officer of Costa Group
Age: 51
Total Annual Compensation: $938.0K
Compensation as of Fiscal Year 2014.

Carnival Corporation Key Developments

Carnival Corp. Settles US Claims of Disability Discrimination

Carnival Corp. and the Justice Department announced a settlement on July 23, 2015 regarding access for people with disabilities on 62 ships in the Carnival, Holland America and Princess Cruises brands. Carnival Corp. will pay a civil penalty of $55,000 to the government and $350,000 in damages to individuals harmed by past discrimination. The settlement is the result of an investigation of complaints by the Justice Department. Among the complaints were allegations that the company failed to properly provide and reserve accessible cabins for individuals with mobility disabilities; afford individuals with disabilities the same opportunities to participate in programs and services, including boarding and leaving the ship; and provide effective communication during emergency drills. This is the first time the government has required a cruise company to provide a minimum number of accessible cabins and to develop a remediation plan to comply with the Americans with Disabilities Act.

Carnival Corp. & plc to Expand Fleet in China, Build Second Cruise Terminal in Barcelona

Carnival Corp. & plc announced that it signed an agreement to invest EUR 30 million, or $32.9 million, to build its second private cruise terminal at the Port of Barcelona, and has plans to add two ships to its China fleet by 2016. By 2016, the company will have a total of six ships in China, increasing its total capacity there by about 58%. Once the two ships are added - one each from Carnival Corp.'s Costa and Princess brands - the corporation projects it will be able to service about 1 million passengers in 2016, with three year-round itineraries and three seasonal itineraries. The company is investing heavily in the Chinese cruise market because it's expected to become the larger in the world. As part of its international expansion plans, Carnival also announced a new development 10,000 nautical miles away at the Port of Barcelona. The company was granted approval to begin the final design process and start construction on its new terminal by 2016. It's scheduled to open by 2018 in the port's Adossat wharf. Carnival is also collaborating with the port to build a public parking facility with 300 spaces.

Carnival Corporation Expands Fleet in China to Six Ships in 2016

Carnival Corporation & plc announced that it will add two ships to its China fleet in 2016, making it the first global cruise company with six total ships based in China. The move will increase Carnival Corporation's total capacity in China by an additional 58% in 2016, further accelerating the company's leadership position in the growing Chinese market, which continually delivers double-digit annual returns and is expected to eventually become the large cruise market in the world. Carnival Corporation's fleet of six China-based ships will include expanded offerings from its two leading brands in the market – Costa Cruises and Princess Cruises – that are each adding one new ship to meet growing cruise demand in China. Across the two brands, Carnival Corporation will have three year-round ships and three seasonal ships in the market, representing the large cruise presence in China in 2016. Together, the Costa and Princess brands will potentially offer about four million passenger cruise days in 2016, giving Chinese guests more choice and flexibility in both the contemporary and luxury segments. Based on the accelerating consumer demand for cruises in China, Carnival Corporation's added capacity is expected to significantly increase the company's total number of cruise passengers in China in 2016.

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