(Reuters) -Carnival Corp raised its annual profit forecast on Tuesday for the second time this year, banking on higher prices for its itineraries and sustained demand for cruise holidays to destinations such as the Caribbean and Alaska.
The company's U.S.-listed shares, which have fallen more than 11% this year, rose 6.5% to $17.45.
2024 has been a record year for cruise operators, with booking volumes hitting an all-time high as travelers continue to seek out newer experiences and fun activities at affordable rates, giving companies enough room to hike ticket prices to offset elevated operating costs.
"The company continues to experience strong bookings momentum driven by record booking volumes for 2025 sailings," Carnival CEO Josh Weinstein said.
"While still early, the cumulative advanced booked position for full year 2025 is even higher than 2024 in both price (in constant currency) and occupancy."