Carnival Corporation may not have much inventory left for 2025, as CEO Josh Weinstein stressed on the company’s fourth quarter and year-end earnings call that consumers should book now while there is still space available.

“Both price and occupancy are higher for each of the four quarters of 2025, and we managed to increase both our price and occupancy advantage for our 2025 booked position, thanks to our outstanding efforts this past quarter,” said Weinstein.

Weinstein said the performance was coming in both North America and Europe, with the longest advanced booking windows on record.

“All core deployments are also better booked at higher prices than the record levels we achieved at the same time last year,” he said.

“While new ships do command a nice premium, the vast majority of our yield growth was driven by fundamental demand improvements for the existing ships across our portfolio of world-class brands.”

Weinstein said that marketing efforts were outpacing capacity growth, thus keeping the pipeline of new demand full.

“We’ve been sharpening our yield management techniques to optimize our booking curves and drive ticket prices and onboard spending higher. While all of these efforts are already in flight and clearly working, we have even more in store to continue the momentum.”