Corporate earnings calls might as well be conducted in a foreign language for all the financial jargon and corporate speak that gets tossed around. You need to cut through the percentage points and earnings per share to understand which of the company’s plans will impact its vacation product and your clients.
During Carnival Corporation’s Q2 earnings call Tuesday, CEO Josh Weinstein laid out the company’s priorities going forward. Revenue management enhancement, moderate capacity growth, and a focus on Carnival-managed destinations are the name of the game. But how does this business plan translate for your clients’ cruise experience — and do Carnival’s priorities align with their vacation preferences?
For luxury advisors, two brands in the nine-line portfolio matter most: Cunard and Seabourn. And the good news is that the strategy Weinstein laid out — hold pricing, refurbish over build — tends to land in luxury’s favor. In my mind, it all boils down to this question: Will Carnival’s ship and destination enhancements be enticing enough to make fans of Seabourn, Cunard, and the rest of the portfolio overlook higher prices and potentially more crowded ships?
A great solo travel tip spotted this week on Luxury Travel Advisor.
