Carnival Corporation has no plans to stray from its core business, CEO Josh Weinstein said during the company’s third quarter earnings call, responding to an analyst question about land-based acquisitions.

Asked about a recent transaction involving an all-inclusive Caribbean resort chain (i.e. Royal Caribbean’s acquisition of Sandals), and whether a similar deal could make sense for Carnival, Weinstein declined to comment on another company’s deal.

“We are just laser focused on improving our cruise business,” he said. “We are very proudly a cruise company, and everything we do is to enhance the cruise experience for our guests.”

Weinstein acknowledged that Carnival held land-based assets, but said they were ancillary to the cruise product.

He pointed to Celebration Key, RelaxAway, Half Moon Cay and the company’s Alaska operations as bolt-ons that made the cruise experience better.

“And they’re high-returning,” he said. “We’re focused on the returns. We’re focused on the cruise business.”

The same discipline applies to fleet growth. Asked whether Carnival’s newly restored investment-grade balance sheet might lead to faster capacity growth, Weinstein said growth was largely fixed for the next five years.

He said he would always look at one-off, unique opportunities, and that there could be room for more ships further into the 2030s. But he expected that to remain within the company’s construct of one to two ships a year, adding that any deviation would be shared with stakeholders.