Weinstein: ‘Costa On The Rebound’

Costa Favolosa entering the port of Liverpool, photo credit Spacejunkie2 (Flickr Account)

“Costa is one of those brands that’s really on the rebound,” said Josh Weinstein, president and CEO of Carnival Corporation, speaking on the company’s third-quarter earnings call.

Weinstein credits Costa President Mario Zanetti with leading the turnaround of the Italian brand, which is launching a new marketing campaign.

“Their research based on their market and the segment that they’re trying to hit in their market was all about experiences and leaning into particular messaging in particular ways to convey it because the product for Costa is already fantastic,” Weinstein said.

He continued that Costa and AIDA posted solid numbers for August, with occupancy coming in at 119 per cent, above the 109 per cent average number Carnival reported for its nine brands.

“In fact, in Q3, AIDA and Costa delivered higher yields than 2019,” he said, noting they did this with the absence of Saint Petersburg in what would have been high-yielding Baltic itineraries.

Carnival Corp Posts 109% Occupancy in Third Quarter

P&O one of the Carnival Group, photo credit Spacejunkie2 (Flickr account)

Carnival Corporation’s nine brands enjoyed full ships in the third quarter of 2023 as the company delivered a profit of over $1 billion and record revenue.

The ships on average were 109 percent full. Cruise ship occupancy is calculated by having two people in each stateroom, bringing a ship to 100 per cent. Any additional guests, such as children, will push a ship over the 100 per cent mark.

The company said that the 109 per cent occupancy number was better than its own expectations and marked a return to historical levels, compared to just 84 per cent in 2022 and 113 per cent in 2019, the last normal year prior to the pandemic.

“On the European front, occupancy came in better than anticipated for Costa and AIDA, with both brands hitting 119 per cent occupancy in August. Not to be outdone, P&O Cruises achieved its highest occupancy in over a decade,” said Josh Weinstein, president and CEO, on the company’s third-quarter earnings call.

“And so I can’t say that their yields were higher. But I can tell you that their occupancy is back, and they are well on their way, and that’s absolutely as expected,” said Weinstein, commenting on the company’s P&O brand.

Costa Cruises Named Official Cruise Line of the Ryder Cup 2023

Costa Cruises announced that it was named the Official Cruise Line of the 2023 Ryder Cup 2023 competition which kicks off on September 28.

Costa Cruises will be attending the event with its own dedicated space inside the Ryder Cup Village, where it’s proposing a real putting challenge, during which visitors will be able to challenge themselves.

Guests onboard the Costa Toscana and Costa Smeralda will also get to experience the excitement of the Ryder Cup and attend the final days of the competition, which ends on October 1.

During the Ryder Cup, the cruise line is also offering its Cruise and Golf package, allowing guests to join a cruise aboard the Costa Toscana and Costa Smeralda during the two ships’ calls, to play at some of the most prestigious golf clubs in the Mediterranean and the United Arab Emirates.

Guests can choose up to four of the 24 best itineraries in Italy, France and Spain, such as the Marco Simone Golf and Country Club, the Circolo del Golf Roma Acquasanta, the Golf Club Garlenda in Savona, the Golf Club Genova Sant’Anna, the Real Club de Golf El Prat in Barcelona, the Son Gual Golf in Palma de Mallorca and the Golf Bastide de la Salette in Marseille. 

With the Costa Toscana, guests sailing during the upcoming winter will be able to discover up to four of the 15 most famous golf clubs in the Arab Emirates, Oman and Doha, such as the Emirates Golf Club or ‘The Els Club’ in Dubai, the Abu Dhabi Golf Club and Yas Links Golf Club in Abu Dhabi, the Almouj Golf Club and the Ghala Golf Club in Muscat, and the Doha Golf Club.

Additionally, there is a special offer for golfers to enjoy a range of restaurants available on the Costa Smeralda and Costa Toscana, such as the Archipelago restaurant and try some of the treatments and services in the “Solemio” spa and beauty salon onboard.