Carnival Corporation is already half booked for 2027, with both occupancy and pricing at record levels, CEO Josh Weinstein said during the company’s third quarter earnings call on Tuesday.
Bookings taken during the third quarter solidified that position, with very healthy increases compared to last year’s levels, Weinstein said.
He described June as an inflection point in booking momentum, followed by acceleration in both July and August.
Customer deposits reached a third-quarter record of approximately $7.6 billion, up about 7 percent from $7.1 billion a year earlier, despite flat capacity growth over the next 12 months.
“With demand continuing to grow well ahead of our intentionally measured capacity growth, we have an opportunity to keep managing the booking curve for price,” Weinstein said.
Looking further out, 2028 is off to an excellent start at higher occupancy and even higher prices year over year, he said, with the booking curve further out than it has ever been at this point in the year.
The booking disruption the company experienced this spring extended into the first quarter of 2027, but bookings for that period have rebounded meaningfully over the past three months, Weinstein said.
Demand remained broad-based, including very healthy demand for peak summer European deployments, Weinstein said, noting that many guests who postponed travel this year had decided to go in 2027 instead.
CFO David Bernstein said more than half of onboard revenue was now being pre-booked, helped by bundled packages.
