January 19, 2017 3:55 PM ET

Hotels, Restaurants and Leisure

Company Overview of Carnival Corporation

Company Overview

Carnival Corporation operates as a leisure travel and cruise company in North America, Europe, Australia, and Asia. It offers cruises under the Carnival Cruise Line, Princess Cruises, Holland America Line, and Seabourn brands in North America; and Costa, AIDA, P&O Cruises (UK), Cunard, and P&O Cruises (Australia) brands in Europe, Australia, and Asia. The company operates 99 cruise ships. It also owns Holland America Princess Alaska Tours, a tour company in Alaska and the Canadian Yukon, which owns and operates 11 hotels or lodges, approximately 300 motor coaches, and 20 glass-domed railcars. In addition, the company is involved in the leasing of cruise ships. It sells its cruises primarily ...

3655 NW 87th Avenue

Miami, FL 33178

United States

Founded in 1972

120,000 Employees

Phone:

305-599-2600

Key Executives for Carnival Corporation

Chief Executive Officer, President and Director
Age: 61
Total Annual Compensation: $1.0M
Chief Financial Officer and Chief Accounting Officer
Age: 58
Total Annual Compensation: $700.0K
Chief Executive Officer of Holland America Group
Age: 57
Total Annual Compensation: $825.0K
Chief Executive Officer of Costa Group
Age: 52
Total Annual Compensation: $784.0K
Chief Information Officer
Age: 67
Total Annual Compensation: $825.0K
Compensation as of Fiscal Year 2015.

Carnival Corporation Key Developments

Carnival Corporation & plc Launches Seabourn Encore from its Seabourn Ultra-Luxury Cruise Line

Carnival Corporation & plc has launched the Seabourn Encore, the first of three new ships that will enter service in 2017 across three of its 10 global cruise brands. Carnival Corporation will also launch Majestic Princess from Princess Cruises in April, which will be the world's first cruise ship built specifically for the Chinese market, and its Germany -based AIDA Cruises brand in July will launch AIDAperla, one of the world's most environmentally friendly and technologically advanced ships. Following the launch of Seabourn Encore, the upcoming 2017 additions of Majestic Princess and AIDAperla are part of the 17 ships scheduled for delivery for Carnival Corporation and its brands through 2022, creating measured capacity growth over time that enables the company's global fleet to meet accelerating demand for cruise vacations in every region of the world. The three new ships scheduled to join Carnival Corporation's fleet include: Seabourn: Seabourn Encore Official launch date of January 2017- Seabourn Encore, the fourth all-suite ship in Seabourn's fleet, was launched Jan. 7 at a festive evening ceremony pier side at Marina Bay Cruise Center in Singapore, a key Asian shipping hub and popular homeport in southeast Asia for Carnival Corporation cruise ships. The launch featured international recording artist and world's best-selling soprano Sarah Brightman presiding over the naming ceremony as godmother of the new 600-guest ship. The vessel was designed by hospitality design icon Adam D. Tihany and features contemporary interiors and modern design elements and innovations consistent with the line's reputation for understated elegance. Tihany is also designing a second ship, Seabourn Ovation, which is currently under construction and scheduled to launch in spring 2018. Seabourn Encore will expand and build on the line's Odyssey-class ships, which revolutionized ultra-luxury cruising with enhanced accommodations and innovative amenities when they were introduced between 2009 and 2011. The 40,350-gross ton ship is configured with one additional deck, expanded public areas and a private veranda for every suite. Seabourn Encore will maintain the line's high ratio of space per guest, enabling highly personalized service by its exceptional crew. The new vessel continues Seabourn's reputation as the world's finest ultra-luxury cruise line. Seabourn has been named the "World's Best Small-Ship Cruise Line " by readers of both Travel + Leisure and Cond? Nast Traveler magazines. Cruise Critic named Seabourn "Best for Luxury," and numerous other publications have recognized the brand for its luxurious accommodations, extraordinary level of service, exceptional dining and unrivaled spa facilities; Princess Cruises: Majestic Princess Official launch date of April 2017- Majestic Princess will be the world's first cruise ship built specifically for the Chinese market, where Carnival Corporation, led by Princess Cruises and Italy -based Costa Cruises. The 143,000-ton vessel, with capacity for 3,560 guests based on double occupancy, will showcase the exclusive Princess Class experience enhanced with features designed specifically for Chinese travelers. Majestic Princess will also offer the international flavor of cruising with Princess Cruises, drawn from the brand's expertise as the world's leader in premium destination cruising. Majestic Princess will be the only cruise ship that offers two specialty dinner menus designed by Michelin star chefs at sea in China. One offering is Harmony, created in partnership with Richard Chen, former chef of Wing Lei the first Chinese restaurant in North America awarded a Michelin star. Harmony will feature haute Chinese cuisine paired with pristine ocean views and modern d?cor, serving Chen's interpretation of classic Cantonese dishes. The second Michelin star dining experience will be "La Mer A French Bistro" from three-Michelin star chef Emmanuel Renaut. The ship will also offer Princess' signature Movies Under the Stars, with the larger outdoor screen at sea, and the Princess Water Color Fantasy fountain and light show. Guests will also experience the signature SeaWalk, the industry's first glass-floor walkway at sea, and SeaView Bar featuring "flair" bartending with the best views at sea. The Piazza Atrium, the central focal point of the ship, features live entertainment throughout the day and evening. It is a grand spectacle surrounded by The Shops of Princess, nearly 1,100 square meters of luxury boutiques, which include designer brand shops from Cartier, Bvlgari and Chopard and leather goods from Burberry and Gucci, to name a few. Accommodations will be configured to appeal to families and multigenerational travelers, and all outside staterooms will have private balconies.; and AIDA Cruises: AIDAperla Official launch date of July 2017- AIDAperla is the 12th and second of a new-generation vessel in the fleet for AIDA Cruises, the most recognized cruise brand in Germany and one of the country's fastest-growing and most successful tourism businesses that has pioneered the "green cruising" concept. At 124,500 tons with 1,643 cabins, AIDAperla will be among the world's most technologically advanced and environmentally friendly cruise ships. AIDAperla will like its sister ship AIDAprima -- feature the revolutionary hull design that significantly enhances energy efficiency. It will also use the Mitsubishi Air Lubrication System (MALS), which was a first in the cruise industry on AIDAprima. This modern technology enables the ships to glide on a cushion of air, further reducing fuel consumption. The ship will also feature AIDA's Spray Bar, an exclusive, all-white champagne lounge, which is spread across two decks and operated via partnership with Mo?t & Chandon.

Carnival Cruise Line Appoints Sean Kenny as Senior Vice President and Chief Information Officer

Carnival Cruise Line announced that Sean Kenny has been named senior vice president and chief information officer for Carnival Cruise Line. Kenny begins January 15 and will report to James Heaney, chief financial officer for Carnival Cruise Line. Kenny will lead the development and execution of Carnival Cruise Line's increasingly important technology strategy. He also will partner with Carnival's sister brands to develop a long-term technology program and governance structure to guide those efforts on the corporate level.

Carnival Corporation & plc Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended November 30, 2016; Provides Earnings Guidance for the First Quarter and Full Year of 2017

Carnival Corporation & plc announced unaudited consolidated earnings results for the fourth quarter and full year ended November 30, 2016. For the quarter, the company reported revenues of $3,935 million compared to $3,711 million a year ago. Operating income was $597 million compared to $510 million a year ago. Income before income taxes was $613 million compared to $271 million a year ago. Net income was $609 million or $0.83 per diluted share compared to $270 million or $0.35 per basic and diluted share a year ago. Adjusted net income was $491 million or $0.67 per diluted share compared to $389 million or $0.50 per diluted share a year ago. Capital expenditures were $646 million compared to $590 million a year ago. Cash from operations was $1,024 million compared to $978 million a year ago. For the year, the company reported revenues of $16,389 million compared to $15,714 million a year ago. Operating income was $3,071 million compared to $2,574 million a year ago. Income before income taxes was $2,828 million compared to $1,799 million a year ago. Net income was $2,779 million or $3.72 per diluted share compared to $1,757 million or $2.26 per basic and diluted share a year ago. Adjusted net income was $2,580 million or $3.45 per diluted share compared to $2,106 million or $2.70 per diluted share a year ago. Capital expenditures were $3,062 million compared to $2,294 million a year ago. Cash from operations was $5,134 million compared to $4,545 million a year ago. The company provided earnings guidance for the first quarter and full year of 2017. The company expects adjusted earnings per share for the first quarter 2017 to be in the range of $0.31 to $0.35 versus 2016 adjusted earnings per share of $0.39. The company expects full year 2017 adjusted earnings per share to be in the range of $3.30 to $3.60, compared to 2016 adjusted earnings per share of $3.45. Based on current booking trends, the company expects full year 2017 net revenue yields in constant currency to be up approximately 2.5% compared to the prior year.

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