CARNIVAL CORP
For the period ended Nov 30, 2024. Filed Jan 27, 2025.
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FY2024 · Filed Jan 27, 2025
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III. Competition
We compete with land-based vacation alternatives throughout the world, such as hotels, resorts (including all-inclusive resorts), theme parks, organized tours, casinos, vacation ownership properties, and other internet-based alternative lodging sites. Based on 2024 Cruise Industry News statistics, as of December 31, 2024, we, along with our principal cruise competitors Royal Caribbean Group, Norwegian Cruise Line Holdings, Ltd. and MSC Cruises, represented approximately 80% of the cruise industry capacity.
C. Our Global Cruise Business
I. Segment and Brand Information
| November 30, 2024 | |||
|---|---|---|---|
| Passenger Capacity | Percentage of Total Capacity | Number of Cruise Ships | |
| North America and Australia (“NAA”) Segment | |||
| Carnival Cruise Line | 89,100(a) | 33% | 27 |
| Princess Cruises | 50,580 | 19% | 16 |
| Holland America Line | 22,920 | 8% | 11 |
| P&O Cruises (Australia) | 7,230(a) | 3% | 3 |
| Seabourn | 2,640 | 1% | 6 |
| 172,490 | 64% | 63 | |
| Europe Segment | |||
| Costa Cruises (“Costa”) | 31,140 | 12% | 9 |
| AIDA Cruises (“AIDA”) | 32,280 | 12% | 11 |
| P&O Cruises (UK) | 24,300 | 9% | 7 |
| Cunard | 9,770 | 4% | 4 |
| 97,490 | 36% | 31 | |
| 269,970 | 100% | 94 | |
(a)During 2024, we announced that we will sunset the P&O Cruises (Australia) brand and fold its Australia operations into Carnival Cruise Line in March 2025. Pacific Encounter and Pacific Adventure will be transferred to Carnival Cruise Line in early 2025 and Pacific Explorer is expected to leave the fleet in February 2025.
We also have a Cruise Support segment that includes our portfolio of leading port destinations and exclusive islands as well as other services, all of which are operated for the benefit of our cruise brands.
In addition to our cruise operations, we own Holland America Princess Alaska Tours, the leading tour company in Alaska and the Canadian Yukon, which complements our Alaska cruise operations. Our tour company owns and operates hotels, lodges, glass-domed railcars and motorcoaches which comprise our Tour and Other segment.
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