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Goldring Travel Blog – Making Waves

Cruise & Travel News, Reviews, Opinions, Deals & More

Carnival Corp Posts 10% Increased 1st Quarter Profits

Folks, I have been saying it for weeks now:  You will never see prices as low as they are now, so book your cruise (even if only as a “wish”) before the prices increase.

Today Carnival Corp. (owner of Carnival, Cunard, Holland America, Princess, Costa and Seabourn) posted a ten (10%) percent increase in profits for the 1st quarter over the same period last year.  The reasons are really two-fold:  Significantly lower fuel costs and stronger than expected close-in bookings.

Of course there are still signs of weakness on two fronts:  advanced bookings (even at lower prices) are weaker and some lines are not doing as well as others (so the growth is not necessarily across the board).  So I would caution you that if the lower prices are not driving advanced bookings there may be other strategies which may come into play.  The last thing you want to do is be in the position of losing out because the extras awarded to long range planners are missed.  I do not know this will be the case, but it costs nothing to protect yourself as your deposits are fully refundable.

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