Cruise operator Carnival Corp , on Monday reported a smaller-than-expected quarterly loss and beat estimates for revenue, helped by strong demand for leisure travel, higher ticket prices and strong on-board spending.
are reporting resilient demand from cooped-up consumers undeterred by elevated inflation as COVID-19 pandemic-related restrictions ease.
The Princess Cruises and Holland America Line operator said it experienced the highest-ever quarterly booking volumes during wave season in both North America and Europe for all future sailings for any quarter in its history. "That's not to say it's all plain sailing though, with fuel and currency headwinds still taking some wind out of its sails," Nathan added.
On-board and other revenue came in at $1.56 billion and accounted for 35% of the total Carnival revenue in the first quarter.
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