Carnival Announces Price Increases

BSCorvette · February 24, 2010

MIAMI (February 24, 2010) - Carnival Cruise Lines is reporting record wave season bookings, with strong reservations activity for 2010 departures.

As a result of the strong booking volumes, a general price increase will be implemented effective March 22 for all June, July, and August sailings.

For the period of Jan. 1 through Feb. 21, 2010, bookings were at unprecedented levels for the line's 22 ships which operate three- to 15-day voyages from a variety of convenient North American home ports.

Carnival President and CEO Gerry Cahill said, "We're seeing significantly increased volume as consumers are taking advantage of the incredible value that a Carnival cruise provides. And while pricing hasn't fully recovered to 2008 levels, we are increasing prices and will implement an across-the-board increase effective March 22."

He said that the price increases will vary by departure date but will be up to 5 percent. Cahill attributed the record booking activity to a wide range of factors, including strong travel agent partner support, targeted marketing initiatives, itinerary enhancements and the wide variety of close-to-home departure points.

Wave season typically runs from about mid-January through early spring and is traditionally the busiest, most important booking period in the cruise industry.

Carnival Cruise Lines is the largest and most popular cruise line in the world, with 22 "Fun Ships" operating voyages ranging from three to 15 days in length to The Bahamas, Caribbean, Mexican Riviera, Alaska, Hawaii, Panama Canal, Canada, New England and Europe.

Carnival also has two new ships on order -- the 130,000-ton Carnival Magic, which is scheduled for delivery in 2011, and a sister ship set to debut in 2012.

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