Page 10 - The 2020 European Market Report
P. 10
2020 european M A R K E T
CARNIVAL BRANDS
Headwinds
Following Carnival Cor- The Arcadia from P&O the introduction of the Mein
poration’s second quar- Cruises UK Schiff 2, as well as addition-
ter earnings call, the al capacity from the Mein
focus is on Europe as the There has also been a notable cruise Schiff Herz, according to
company noted challeng- capacity increase this year, with year- the 2019 Cruise Industry
es with its European brand round service from the new AIDAnova, News Annual Report. In
portfolio. addition Cruise & Mar-
itime Voyages added ca-
“Now our Continental pacity to the market with
European brands have the Vasco da Gama, Ha-
been facing heightened pag-Lloyd Cruises is add-
geopolitical and macroeco- ing two small luxury expe-
nomic headwinds, which dition vessels and Phoenix
has impacted operating Reisen is adding the Amera.
performance this year,” said “Our German cruise brand
Arnold Donald, CEO, Carnival
Corporation. (AIDA) has grown double digits
but not been able to hold price in
“Our growth in these markets has that environment. Now despite these
continued to outpace general travel, but headwinds, our German brand, AIDA,
growing into a contracting travel market has among the highest returns in our
has put pressure on ticket prices this year.” portfolio,” he added, noting that AIDA
is one of the strongest brands the com-
In Germany, land-based tour operator pany has.
booking trends have been running sig-
nificantly behind this year, Donald said.
52 Cruise Industry News: 2020 European Market Report
