Forget cruise ships — Carnival is spending big on private island resorts [Yahoo! Finance]
Carnival Corporation (CCL)
Last carnival corporation earnings: 4/3 12:51 pm
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Source: Yahoo! Finance
Popular cruise lines like Royal Caribbean have seen massive success with their private islands. Carnival Corp is best known for its vacations at sea. Now it's pouring millions into developing its on-land portfolio. The cruise giant announced plans on Tuesday to expand its 27-year-old private island , Half Moon Cay (now renamed RelaxAway, Half Moon Cay), by the summer of 2026. It'll be a busy year for the company, which also expects to debut a new exclusive resort, Celebration Key, in the prior year. The impending launches are part of a growing trend of land-based destinations to attract more travelers by cruise lines. It may sound ironic at first glance, but the real estate investments have been no laughing matter — the $600 million Celebration Key project is set to be Carnival Corp's largest. Plans for the mile-long slice on Grand Bahama Island include more than 30 food and drink venues, an adult-only beach club, and a kid-friendly lagoon. So far, 20 of Carnival Cruise Line'
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News
- Carnival Q4 Earnings & Revenues Top Estimates, Increase Y/Y [Yahoo! Finance]Yahoo! Finance
- Top Stock Movers Now: Carnival, US Steel, Occidental Petroleum, and More [Yahoo! Finance]Yahoo! Finance
- Carnival CEO: We're better booked and at higher prices today compared to a year ago [CNBC]CNBC
- Carnival Stock Is Cruising Into 2025 [Yahoo! Finance]Yahoo! Finance
- Carnival Tops Earnings Estimates, Gives Positive Booking Outlook [Yahoo! Finance]Yahoo! Finance
CCL
Earnings
- 12/20/24 - Beat
CCL
Sec Filings
- 10/31/24 - Form 4
- 10/29/24 - Form 144
- CCL's page on the SEC website