Airbnb’s recent IPO (in December 2020) could lend further impetus to this trend. However, as more guests opt for longer-term stays amid the lockdown, the growing popularity of alternative accommodation listings (e.g., Airbnb, Vrbo, etc.) within the ‘sharing economy’ could portend some disruption and/or increased competition for hotel companies in the years ahead. Historically, growth in hotel demand had provided some cushion for moderate supply growth, as the major chains maintained a strong development pipeline in the U.S. However, we see further sequential monthly improvement in 2021, with an expected rebound in the pace of global expansion (net rooms growth). Amid a wave of cancellations and sharp drops in occupancy, the underlying trends have resulted in very sharp declines in revenue per available room (RevPAR) in recent months, based on data from Smith Travel Research. The global hospitality business, including the major operators of hotel chains, vacation ownership (timeshare) businesses, and alternative accommodations, has been buffeted by the pandemic, with mass temporary closures of hotel properties in the U.S. However, we believe several constituents are relatively well positioned to reap some pent-up demand with an expected rebound in travel spending on the imminent widespread availability of vaccines by the second half of 2021. The Covid-19 pandemic precipitated a major disruption in global travel-related spending - both for leisure and business - which has taken a major toll across the industry. We have a neutral fundamental outlook for the hotels/motels, resorts and cruise lines industry. Carnival Corp does not currently pay a dividend. Analysts expect adjusted earnings to reach $-3.520 per share for the current fiscal year. Year-over-year quarterly sales growth most recently was %. Carnival Corp’s trailing 12-month revenue is $5.9 billion with a -156.8% profit margin. Currently, Carnival Corp’s price-earnings ratio is.
Read on to learn how Carnival Corp grades on certain key metrics to see whether it meets your investment needs.Īs of July 06, 2022, Carnival Corp had a $10.5 billion market capitalization, compared to the Hotels, Motels & Cruise Lines median of $4388.2 billion, Carnival Corp’s stock is down 53.6% in 2022, up 5.2% in the previous five trading days and down 65.1% in the past year. The Company's geographic areas include United States, Canada, Continental Europe, Asia, Australia, New Zealand, and United Kingdom. Its Tour and Other segment represent the hotel and transportation operations of Holland America Princess Alaska Tours. Its Cruise Support segment includes its portfolio of port destinations and other services. Its EAA segment includes Costa Cruises (Costa), AIDA Cruises (AIDA), P&O Cruises (United Kingdom) and Cunard. Its NAA segment includes Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia) and Seabourn. Its segment includes North America and Australia (NAA), Europe and Asia (EA), Cruise Support and Tour and Other. Its portfolio features Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, P&O Cruises (Australia), Costa Cruises, AIDA Cruises, P&O Cruises (United Kingdom) and Cunard. The Company operates in North America, Australia, Europe, and Asia. Learn more about Carnival Corp’s ( CCL) stock grades for Value, Growth, Momentum, Estimate Revisions and Quality and determine whether this hotels, motels & cruise lines stock meets your investment needs.Ĭarnival Corporation is a leisure travel company.
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