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The name Carnival Corporation was created in 1993 to distinguish between its parent company and its subsidiaries. Today, the Costa Cruises line still primarily services the European market. There are a dozen ships in Costa’s fleet, with one other in the works, Costa Toscana. Find out which cruise operators around the world are owned by the Carnival Corporation.
Company Carnival Corporation
The line's most distinct feature is its red, white and blue funnel shaped like a whale's tail. Carnival Cruise Line is a subsidiary of the British-American Carnival Corporation & PLC and has its headquarters in Doral, Florida. Carnival Corp has over 100 ships in its fleet and operates across ten cruise brands. If you're confused about which companies own which cruise lines, you're not alone.
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The company, which was renamed Carnival Corp. in the early 1990s, has since built a portfolio of globally-recognized cruise brands. Carnival Corporation is, in actuality, a huge cruise operator and is known as the world’s largest travel leisure company. Altogether, Carnival Corporation owns nine different cruise lines, with a collection of more than 100 cruise ships.
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Carnival received the Carnival Firenze from sister line Costa Cruises, which makes the fleet size now 27. That will increase to 28 when a fourth Excel class ship arrives from the Meyer Werft shipyard in 2027. Founded in 1972 by Ted Arison, Carnival Cruise Line started out with just one secondhand ship, Mardi Gras. The parent company was formed as a holding company to keep both brands separate.
Together, with partners from Glasgow, he expanded his services to transport mail between Liverpool, Halifax and Boston. If you’re asking yourself ‘who owns Carnival cruise line,’ then look no further, because the answer is right in front of you. Carnival may be synonymous with its cruise line by the same name, but Carnival is actually so much more than just its budget-friendly, fun-geared cruise line for families that it’s most well-known for. Like several of Carnival Corp.'s other brands, the line came under the umbrella in 2003 during the P&O Princess Cruises merger.
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The Dutch company operated not only passenger ships, but also shipping routes, ferrying passengers and goods between Europe and the Americas. In 1895, though, Holland America Line branch out into vacation cruises, and one of its first leisure cruises was from New York to Palestine. Carnival refers to its fleet as the "fun ships," offering a lively onboard atmosphere that focuses on pool parties, game shows and original entertainment. It prides itself on friendly service and a plethora of casual yet delectable dining venues.
It also reduces the company’s operating costs and taxes, and allows them to bypass laws protecting the working conditions and wages of mariners. However, because of mounting debt, two years later, Riklis sold his shares to Arison for one dollar. Restructuring during the 20th century led to them being rebranded as P&O Cruises Australia and P&O Cruises. P&O acquired AIDA relatively close to its merger with Carnival, purchasing 51% of AIDA in 2000 and then purchasing the remaining 49% in 2001. Just two years later, in 2003, Carnival’s merger with P&O led to AIDA becoming yet another Carnival cruise line. Founded by Samuel Cunard in 1839, Cunard Line got its start when Samuel received a contract to transport mail for Britain across the Atlantic.
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Carnival Cruise Line History: How Carnival Cruises Began and Where They're Going
Throughout the years, Cunard vessels have been responsible for serving in wars, transporting immigrants and running transatlantic routes between the U.S. and Europe. The line started out offering necessary transportation but eventually pivoted to the luxurious leisure travel for which the line is known today. Here's a full list of cruise brands owned by Carnival Corporation & PLC. In 2018, Royal Caribbean purchased a majority stake in ultra-luxury cruise line Silversea Cruises before completing the acquisition in July 2020. Like Carnival Corporation, Royal Caribbean acquired several independent cruise lines beginning with Celebrity Cruises in 1997.
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Under her leadership, Carnival Cruise Line serves over 5.5 million guests annually from 16 different homeports worldwide. Up until the pandemic, Carnival Corporation and its major rivals such as Royal Caribbean Group had long pursued a strategy of ambitious growth that involved ordering new ships almost as fast as they could be built. The arrival of new ships at major brands, often with new features, seemed to be always around the corner, and it drove both excitement and bookings among cruising fans. Perhaps more significantly, cruise lines historically haven't seen as severe a downturn in business during recessions as other travel providers. Weinstein notes that's because cruises tend to be perceived as value options in the travel space.
These include A’Rosa Cruises, a German river cruise brand that Carnival sold in 2003; Ocean Village, liquidated in 2010; and Swan Hellenic, which specialized in cultural and historical cruises, liquidated in 2007. However, in 2007, Carnival sold the cruise line to Ambassadors International (an educational travel company that no longer exists, as it filed for bankruptcy in 2011) for $100 million. Over the course of its long life, the brand absorbed and acquired a number of other similar businesses, including Princess Cruises. Eventually, in 2000, P&O would form P&O Princess Cruises, and then that would be what Carnival would merge with in 2003, forming Carnival Corporation & plc. Today, Seabourn is still known as an ultra-luxury, small-ship cruise line and consistently receives accolades from travel publications such as Conde Nast Traveler and Travel & Leisure.
In 1998, it received a 68% stake in Cunard Line and the remaining 32% one year later in Seabourn. With 27 ships in its fleet, the Carnival Cruise Line is the largest Carnival Corporation line. Another quick acquisition during Carnival Corporation’s early days, Costa Cruises was acquired in 2000.
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From that point on, the line would continue to custom-build Carnival’s cruise ships, which gradually increased in size. Carnival Cruise Line pioneered the concept of shorter, budget-friendly cruises with their cruise ships. Its fleet consists of "Fun Ships" that feature a wide array of entertainment and dining venues, most of which are included in the already-affordable cruise fares. Carnival Cruise Line was founded in 1972 by business mogul Ted Arison and was originally a private company. Now it's the largest brand owned by Carnival Corporation & plc (of which Arison's son, Micky Arison, is the chairman).
Following the class' namesake ship were Carnival Pride and Carnival Legend, both of which launched in 2002. But while the above cruise lines are those that Carnival owns currently, the corporation has put aside a good bit of money toward acquiring other cruise lines over its history as well, cruise lines that it didn’t hold on to for good. A smaller line, Seabourn’s fleet currently only consists of five ships, with two ships under construction, Seabourn Venture and Seabourn Pursuit. Royal Caribbean International is owned and operated by the Royal Caribbean Group, which also includes Celebrity Cruises and Silversea Cruises, among other brands. The line currently relies heavily on its heritage to inform its current identity.
But he says he has "extreme confidence" in the business long term, and he sounds upbeat about the company's ability to weather any coming storm. Perhaps more troubling, Carnival Corporation is now saddled with a substantial pile of debt — $35.1 billion as of the end of May — that it mostly issued in the past three years to raise money to stay in business. The interest on the debt alone is costing the company more than $120 million a month.
Carnival Celebration launched in November 2022 and is a sister ship to the Mardi Gras. Carnival Corporation, parent company of Carnival Cruise Line and other great brands, is the global leader in the cruise industry, leading the way in innovative and sustainable cruising to deliver memorable vacations and build borderless connections. But we never forget to create unforgettable happiness for our guests during their extraordinary cruise vacations, all while honoring the integrity of every ocean we sail, place we visit and life we touch. Carnival Corporation is the largest cruise operator serving almost half of the yearly global cruise market.
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