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Carnival Corporation expects revenue to rise by 2.5% in 2018

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Carnival Horizon being constructed and due next year.

Carnival Corporation has announced a $2.6billion net income for the full year of 2017.

Revenues for 2017 were $17.5billion – $1.1billion higher than the $16.4billion in 2016.

Carnival said in its annual report that it expects 2018 revenue yield to be up 2.5% compared to this year.

Bookings across the world’s largest travel company for 2018 have been running well ahead of the prior year at higher prices, Carnival said.

Carnival’s president and chief executive officer Arnold Donald said that despite booking disruptions from this year’s hurricanes, the company was heading into 2018 with a stronger base of business and higher prices than last year.

Donald said: “We have numerous efforts underway to keep the momentum going in 2018 and beyond, from our innovative approaches to increased consideration for cruising, to the further roll-out of our state-of-the-art revenue management system.

“In 2018 we also look forward to the delivery of four new cutting-edge ships, Carnival Horizon, Seabourn Ovation, AIDAnova, and Nieuw Statendam to further our strategic fleet enhancement program.”

Disruptions to voyages caused by hurricanes reduced fourth quarter earnings by approximately $0.11 per share.

Carnival Donates $2 Million to Harvey Victims

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Nobody and Nothing Escapes Mother Nature
Carnival Cruise Line, Carnival Corporation and Carnival Chairman Micky Arison’s family foundation have joined forces to help Texas recover from the first Category 4 hurricane to hit the United States since 2004.
Carnival Cruise Line and its philanthropic arm, Carnival Corporation, are each donating $500,000, for a total of $1 million. Arison and his wife Madeleine are matching that with an additional $1 million donation from their foundation.
“Our hearts go out to all those who have been impacted by the devastation of Hurricane Harvey and its aftermath, and all of us throughout the Carnival Corporation family feel a responsibility to do our part in supporting relief and rebuilding efforts in a region that we call home and where so many of our guests and business partners live and work,” Christine Duffy, Carnival Cruise Line president, said in a statement.
“We are very committed to the Gulf Coast as a vibrant and special part of the North American cruise industry, and our commitment will remain as strong as ever during the region’s recovery process.”
To help drum up even more donations for those impacted by Hurricane Harvey, cruise guests sailing on some Carnival cruises will be given the option to make a donation when they check in for their cruise. The corporation’s brands and employees will be participating as well.
The cruise company said it is working with emergency response officials, community leaders and other key relief and recovery organizations to identify the most urgent needs and immediate allocations for the donation.
In particular, the cruise company wants the money to be used to support on-the-ground teams that are distributing emergency supplies as well as to support rebuilding efforts.
The money will help provide families with access to food, shelter, water, hygiene products, general necessities and medicines.
At least 12 people have died in the Texas flooding. One of them, Houston police Sgt. Steve Perez, drowned while trying to get to work, according to CNN.