CASE STUDY: CARNIVAL CRUISE LINES | Emre Kose (NUID: 001905188) Page 2 of 8 1.0Case overview Carnival cruise lines, founded in 1972 and headquartered in Miami and with another headquarters in London, UK. Carnival cruise lines is the world's largest and most popular cruise line with 22 ships operating voyages ranging from three to 16 days in length to The Bahamas, Caribbean, Mexican Riviera, Alaska, Hawaii, Canada, New England, Europe, and Bermuda. Carnival primarily operates in North America, UK, Germany, New Zealand, Spain, Brazil and Australia. In the late 1980s Carnival diversified, adding short cruises to, and a gambling casino in the Bahamas as well as land tours, a hotel chain/ Following the 1989 purchase of Holland America Line, luxury cruises were added as well. During the mid-1990s the newly renamed Carnival Corporation had established a heavy presence in Europe that culminated with the early 1998 purchase of the upscale Cunard line of Great Britain for half a billion dollars. Carnival Corporation is considered the leader and innovator in the cruise travel industry. With 81 cruise liners carrying over 7 million passengers worldwide, the company controls around 44% of the global cruise industry. The company makes money from ticket sales as well as on-board revenue from gambling, shore excursions, bar revenues, and other amenities. Average cruiser spend $30-$50 per day on board, excluding gratuities
