Carnival Corporation: revenue 2022

The global revenue of Carnival Corporation & plc bounced back in 2022, after dropping sharply in the first two years of the coronavirus (COVID-19) pandemic. Despite the significant annual increase, the company's revenue remained below pre-pandemic levels, amounting to roughly 12.2 billion U.S. dollars in 2022. Over the period considered, Carnival Corporation reported its highest earnings in 2019, with the revenue peaking at nearly 21 billion U.S. dollars.

Revenue of global leading cruise companies

Together with Carnival Corporation & plc, Royal Caribbean Cruises Ltd and Norwegian Cruise Line Holdings Ltd are among the global leading cruise companies, all of which are based primarily in the United States. In terms of revenue, Carnival Corporation & plc remains the leading cruise company worldwide, despite major setbacks as a result of the COVID-19 pandemic. In 2021, Royal Caribbean’s worldwide revenue totaled just above 1.5 billion U.S. dollars. Meanwhile, global revenue of Norwegian Cruise Line Holdings amounted to a third of Carnival’s earnings that same year.

The Caribbean: cruise industry hotspot

For cruise companies like Carnival, the Caribbean has long been a favorite cruise destination, with its clear, tropical waters and many islands for passengers to visit. Among global destinations for cruises in recent years, the Caribbean, Bahamas, and Bermuda topped the list in 2021, despite a dramatic decline in cruise travel during the COVID-19 pandemic. Cruise traffic in the Caribbean covers a wide area, from the Bahamas off the coast of Florida to the island of Cozumel off Mexico, to islands like Aruba and Grenada near South America. In the first year of the COVID-19 pandemic, the Bahamas recorded the highest number of cruise passenger arrivals in the Caribbean, with the Mexican island of Cozumel following in the ranking.