Carnival

Summary
Carnival Corporation & plc operates as a leisure travel company. Its ships visit approximately 700 ports under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa Cruises, AIDA Cruises, P&O Cruises (UK), and Cunard brand names. The company also provides port destinations and other services, as well as owns and owns and operates hotels, lodges, glass-domed railcars, and motor coaches. It sells its cruises primarily through travel agents, tour operators, vacation planners, and websites. The company operates in the United States, Canada, Continental Europe, the United Kingdom, Australia, New Zealand, Asia, and internationally. It operates 87 ships with 223,000 lower berths. Carnival Corporation & plc was founded in 1972 and is headquartered in Miami, Florida.

History

Carnival Corporation was founded as Carnival Cruise Line in 1972. The company grew steadily throughout the 1970s and 1980s, making an initial public offering on the New York Stock Exchange in 1987. The capital generated was used to finance acquisitions. Between 1989 and 1999, the company acquired Holland America Line, Windstar Cruises, Westours, Seabourn Cruise Line, Costa Cruises and Cunard Line. The name Carnival Corporation was adopted in 1993, to distinguish the parent company from its flagship cruise line subsidiary.P&O Princess Cruises plc was formed in 2000, following the demerger of the cruise ship division of the P&O group. Originating as the Peninsular and Oriental Steam Navigation Company in England in 1837, P&O operated the world's first commercial cruise ships. Restructuring of the P&O group in the 20th century led to its cruise operations being rebranded as P&O Cruises and P&O Cruises Australia, with the company acquiring Princess Cruises in 1974. Following the demerger in 2000, the company also acquired AIDA Cruises, as well as establishing the A'Rosa Cruises and Ocean Village brands.In 2003, Carnival Corporation acquired P&O Princess Cruises plc. It was agreed that P&O Princess Cruises plc would remain a separate company, listed on the London Stock Exchange and retaining its British shareholder body and management team. The company was renamed Carnival plc, with the operations of the two companies merged into one entity. Carnival Corporation and Carnival plc jointly own all the operating companies in the Carnival group. Prior to Carnival Corporation's acquisition, P&O Princess Cruises plc had agreed to a merger with Royal Caribbean Cruises Ltd. The deal unraveled as Carnival Corporation initiated a hostile takeover with improved terms for British shareholders.Carnival sold Windstar Cruises to Ambassadors Group in February 2007 and Swan Hellenic to Lord Sterling in March 2007.In October 2015, CSSC Carnival Cruise Shipping, a joint venture between Carnival, the China Investment Corporation, and the China State Shipbuilding Corporation, was founded, with operations expected to commence in 2019.In March 2018, Carnival Corporation announced its intention to invest in the construction of a new terminal in the port of Sasebo, Japan. It is expected to open in 2020.In June 2018, Carnival Corporation announced that it had acquired the White Pass and Yukon Route from TWC Enterprises Limited for US$290 million. The properties acquired were port, railroad and retail operations in Skagway, Alaska.


Mission
Together, we deliver joyful vacation experiences and breakthrough shareholder returns by exceeding guest expectations and leveraging our industry-leading scale.

Vision
Carnival’s vision is to be the world’s most preferred and admired cruise vacation experience, while delivering memorable and enjoyable experiences to our guests.

Key Team

Mr. Arnaldo Perez (Sr. VP & Company Sec.)

Mr. Michael Olaf Thamm (Group Chief Exec. Officer of Costa Group & Carnival Asia)

Mr. Josh Weinstein (Pres, CEO, Chief Climate Officer & Director)

Mr. Gregory A. Sullivan (Chief Information Officer)

Ms. Beth Roberts (Sr. VP of Investor Relations)

Mr. Richard Brilliant (Chief Risk & Compliance Officer)

Ms. Jody Venturoni (Chief Communications Officer)


Recognition and Awards
Carnival has been recognized with numerous awards, including Top Cruise Line in Conde Nast Reader’s Choice Awards, Best Overall Cruise Value by SmarterTravel, Best Cruise Line for Food by Travel + Leisure, and Best Domestic Cruise Line by Travel Weekly.

References
Carnival
Leadership team

Mr. Micky Meir Arison (Exec. Chairman)

Mr. David Bernstein (CFO & Chief Accounting Officer)

Mr. Enrique Miguez (Gen. Counsel)

Products/ Services
Analytics, Apps, Internet, Marketing, Mobile
Number of Employees
20,000 - 50,000
Headquarters
New York, New York, United States
Established
2008
Company Registration
SEC CIK number: 0000815097
Revenue
Above - 1B
Social Media
Sun Mar 03 2024
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