Carnival’s Global Demand Holds Up During Geopolitical Uncertainty With Potential Stability in 2017
Narrow-moat Carnival offered some hope that the European season would remain decent in 2017, indicating performance across the Caribbean, Alaska, and Europe held up in the periods ended Aug. 31, despite uncertainty surrounding Brexit and numerous terrorist incidents earlier this year. Although it still remains some time away, we were glad to hear that cumulative advance bookings for the first half of 2017 were ahead of last year at "considerably" higher prices. While the company noted that booki...
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