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Celebration Key ROIC should mirror a newbuild's: Weinstein

Carnival Corp. & plc is expecting returns from its new Celebration Key to mirror that of a newbuild.

Anne Kalosh, Editor, Seatrade Cruise News & Senior Associate Editor, Seatrade Cruise Review

June 25, 2024

1 Min Read
CRUISE Carnival Paradise Plaza
Celebration Key's ROIC is expected to mirror that of a newbuild, Carnival Corp. CEO Josh Weinstein saidRENDERING: CARNIVAL CRUISE LINE

Carnival projects at least mid to high teens ROIC for a newbuild 'and we expect no less from our land-based investments as well,' CEO Josh Weinstein said Tuesday.

Not afraid to invest

Celebration Key will add costs next year and 'We're not afraid to invest ... to make it a great success,' but expect a 'great return,' CFO David Bernstein echoed.

The destination's pricetag has been listed as $600m with a second two-berth pier to come on line in 2026.

Benefits

Carnival Cruise Line's Grand Bahama enclave will drive revenue by raising ticket prices and onboard spending (from purchases of excursions, activities, goods and services) and cut fuel cost due to its homeport proximity.

Celebration Key is scheduled to begin taking calls in July 2025 so the revenue impact next year will be 'fairly minimal,' Weinstein said. Deployment ramps up to 18 ships in 2026. 

About the Author

Anne Kalosh

Editor, Seatrade Cruise News & Senior Associate Editor, Seatrade Cruise Review

Anne Kalosh covers global stories, reporting both breaking and in-depth news on cruising's significant people, places, ships and trends. A sought-after expert on cruising, she has moderated conferences around the world, including the high-profile State of the Industry panel at Seatrade Cruise Global. She created and led the acclaimed itinerary-planning case study for Seatrade's cruise master classes held at Cambridge and Oxford universities. She has been the cruise columnist for AFAR.com, and her freelance stories have appeared in a wide range of publications, from The New York Times to The Miami Herald.

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