What's Carnival Doing in China?

Carnival Corp had their quarterly conference call to discuss their earnings with financial analysts yesterday. As usual, they made a ton of money (the highest quarterly earnings in the company's history), but that's not what we normally cover in CND, so suffice it to say they are in good shape and will still be in business when you take your next cruise.

But not all the discussion is strictly financial. There's a lot of discussion about other subjects, and usually a theme appears in the questions. This month it was about capacity in China and how rapidly the industry will expand there. Surprisingly, while there is enormous potential, Carnival indicated that it will be measured growth.

The complete story appeared in the September 27 edition of Cruise News Daily.