Carnival's Cunard Cruises to New Heights With Booking Surge in 2024

Carnival Corporation & Plc’s CCL Cunard is making waves in the luxury cruise industry with an extraordinary surge in guest bookings for 2024. During the period Jan. 1 and Oct. 31, 2024, the company reported 73,000 additional guest reservations compared to the same period in 2023, reflecting an impressive 23% year-on-year growth. The brand experienced a remarkable 49% increase in first-time guests compared to the same period in 2023.This surge in bookings marks the highest number of guests secured in any equivalent period in the company’s history. Both the U.K. and North American markets played a pivotal role, with bookings from the U.K. rising 24% and those from North America up 29% year over year.The introduction of Queen Anne in May has been instrumental in Cunard’s growth. The ship not only expanded capacity but also captured the interest of both loyal patrons and new customers alike. Alongside the ship’s launch, Cunard rolled out three innovative cruise programs in 2024, including winter 2026 and summer 2026 itineraries (introduced in March) and a winter 2027 program (revealed in October). These offerings have successfully met the evolving preferences of luxury travelers.Cunard’s global strategy is paying dividends, with more than half of its 2024 bookings coming from markets outside the U.K. International reservations jumped 22% year over year, aided by targeted marketing campaigns that resonated with diverse audiences worldwide.Katie McAlister, President of Cunard, highlighted the company's record-breaking bookings as a testament to its strong commercial performance. She acknowledged the dedication of Cunard’s global teams and partners, whose efforts have solidified the brand’s position as a leader in luxury travel. Going forward, the company is optimistic about the continued rollout of innovative cruise programs and strategic international campaigns to drive growth.Price Performance of CCL StockImage Source: Zacks Investment ResearchShares of Carnival have surged 54.5% in the past six months compared with the industry’s 20% rise. The company is benefiting from sustained demand strength, increased booking volumes at significantly higher prices and the base loading strategy. During the third-quarter fiscal 2024, Carnival reported a solid booked position for the remainder of the year, with pricing and occupancy considerably higher than the 2023 levels. Also, the focus on marketing campaign efforts bodes well.Owing to strong demand and cost-saving opportunities, the company raised its full-year 2024 adjusted EBITDA guidance to approximately $6 billion compared with the previous expectation of $5.83 billion. Earnings estimates for fiscal 2024 have increased in the past 30 days, depicting analysts’ optimism regarding the stock growth potential.CCL’s Zacks Rank & Other Key PicksCarnival sports a Zacks Rank #1 (Strong Buy).Some other top-ranked stocks in the Zacks Consumer Discretionary sector have been discussed below.Cinemark Holdings, Inc. CNK currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks Rank #1 stocks here.CNK has a trailing four-quarter earnings surprise of 164.8%, on average. The stock has surged 152.3% in the past year. The Zacks Consensus Estimate for CNK’s 2025 sales indicates growth of 11% from the year-ago levels.Norwegian Cruise Line Holdings Ltd. NCLH currently has a Zacks Rank #2. NCLH has a trailing four-quarter earnings surprise of 4.2%, on average. The stock has surged 55.7% in the past year.The Zacks Consensus Estimate for NCLH’s 2024 sales and earnings per share (EPS) indicates growth of 10.7% and 134.3%, respectively, from the year-ago levels.Royal Caribbean Cruises Ltd. RCL currently carries a Zacks Rank #2. RCL has a trailing four-quarter earnings surprise of 16.2%, on average. The stock has surged 115.2% in the past year.The Zacks Consensus Estimate for RCL’s 2024 sales and EPS indicates growth of 18.6% and 71.9%, respectively, from the year-ago levels.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Carnival Corporation (CCL): Free Stock Analysis Report Royal Caribbean Cruises Ltd. (RCL): Free Stock Analysis Report Norwegian Cruise Line Holdings Ltd. (NCLH): Free Stock Analysis Report Cinemark Holdings Inc (CNK): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks