Costa Cruises announces significant changes to its commercial organization, appointing Francesco Muglia as Chief Commercial Officer and Luigi Stefanelli as Vice President Worldwide Sales. These strategic appointments aim to enhance integration, drive value creation, and propel Costa Cruises towards continued growth in the global cruise market.
Windstar Cruises marked its 40th anniversary in style with a unique gathering in Kusadasi, Turkey. The celebration featured a rendezvous of two iconic ships, a grand dinner at the ancient site of Ephesus, and a look at the company’s future plans for expansion and modernization. Windstar’s commitment to personalized service, small-ship cruising, and innovative experiences continues to shape the future of luxury travel.
Australia’s cruise industry is experiencing an unprecedented boom, contributing a record A$8.43 billion to the national economy in 2023-2024. This surge is driven by increased passenger spending, cruise line expenditures, and a significant rise in ship visits, bolstering local economies and creating thousands of new jobs. However, rising costs and regulatory complexities pose challenges to the industry’s future growth.
Royal Caribbean Group has extended its partnership with Port Everglades until 2030, securing its presence at the port for years to come. This extension is projected to create over 4,000 jobs and generate $581.9 million in annual revenue, significantly boosting the local economy.
Carnival Corporation’s stock is climbing higher on Wednesday following an upgrade from Citigroup for Norwegian Cruise Line Holdings. The investment bank also put Royal Caribbean Cruises on a ’90 day positive catalyst’ watch, reflecting optimism about the cruise industry’s future growth beyond 2025. Despite recent hurricane disruptions, analysts are generally bullish on Carnival’s prospects.
Carnival Corporation & plc held a sourcing readiness forum in Jamaica, aiming to strengthen its partnership with the country and support its tourism sector by identifying local businesses capable of supplying its global cruise lines.
Carnival Corporation, the world’s largest cruise company, is actively working to reduce its food footprint, aligning with global efforts to combat food waste. Through innovative strategies and partnerships, the company has made significant strides in reducing food waste onboard its ships, exceeding its 2025 goals and making progress towards a 50% reduction by 2030. Carnival’s Costa Cruises program, 4GOODFOOD, donates prepared meals to food banks, expanding its reach to more communities and further solidifying the company’s commitment to a sustainable future.
Hornblower Group has announced the appointment of Lisa Lutoff-Perlo as the new Chairwoman of the Board, effective immediately. Lutoff-Perlo, known for her impressive career in the global hospitality and cruise sectors, will be instrumental in driving growth, innovation, and operational excellence across the company’s diverse portfolio.
Royal Caribbean Cruises Ltd. has announced a $1 billion bond offering to refinance existing debt and improve its financial position. The proceeds will be used to redeem outstanding bonds and finance the Silver Dawn cruise ship. The offering is part of the company’s strategy to streamline its financial commitments and enhance operational flexibility.
Virgin Voyages has partnered with IDeaS, a leading hotel revenue optimization company, to bring a sophisticated Revenue Management System (RMS) to the cruise industry. This groundbreaking initiative aims to revolutionize revenue management for Virgin Voyages by leveraging advanced demand forecasting, dynamic pricing, and inventory management tools.
