Dec 20, 2017

Carnival: cruise control

A surge in cruises means an estimated 25m people set sail on floating package holidays this year - up a fifth in just five years. The Miami-based company reported full year revenue of $17.5bn on Tuesday, up 17 per cent on the previous year and slightly ahead of expectations. Cruise Lines International Association, the trade association, projects a new high of more than 27m individual trips next year. Advance bookings for the first half of next year are already ahead of last year, according to the company. Can the cruise industry keep enticing new passengers.

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