Carnival Cruise Line is proud to be part of a family of companies owned by Carnival Corporation, which includes sister lines Princess Cruises, Holland America Line and Cunard Line, among others.
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Royal Caribbean Group, formerly known as Royal Caribbean Cruises Ltd., is a global cruise holding company incorporated in Liberia and based in Miami, Florida. It is the world's second-largest cruise line operator, after Carnival Corporation & plc.
The best cruise lines in 2023Norwegian Cruise Line ranked as the best cruise line in the world, according to Condé Nast Traveler. Norwegian Cruise Line ranked as the top cruise line this year. It is the third-largest cruise line in the world by passengers, according to Cruise Market Watch.
TUI Cruises is a cruise line based in Germany. It was formed in 2007 as a joint venture between the German tourism company TUI AG and the American cruise line operator Royal Caribbean Cruises Ltd., both of whom hold a 50% stake in the company.
Carnival Cruise Lines bought the official cruise line of Walt Disney World on Monday in a $372 million deal. The purchase of Premier Cruise Lines adds a fourth brand-name to Carnival's stable of ship lines. Carnival bought two other firms, Holland America Lines and Windstar Sail Cruises, in 1989.
Winner: Royal CaribbeanBoth companies are market leaders in terms of fleet sizes. That said, Royal Caribbean has more ships and they're often larger, which means additional dining, activities and lodging options for passengers.
Carnival Corporation & plc/Carnival UK is the world's largest cruise company and operates over 100 ships across 9 cruise lines (Carnival Cruise, Holland America, Princess, Seabourn, P&O Australia, P&O, Cunard, Costa Cruises and Aida (mainly German market).
Carnival is one world's largest cruise lines, but since it has existed, only one of its vessels has ever sunk, the Costa Concordia in 2012. Although Costa is an Italian cruise ship company, it is owned by Carnival Corporation. From its fleet of Carnival brand cruise ships, none have ever sunk or capsized.
However, investors should note that Carnival's debt levels more than tripled throughout the COVID-19 crisis. It ended the first quarter of fiscal 2023 with $32.7 billion in long-term debt, compared to $9.7 billion at the end of fiscal 2019, which gives it a staggering debt-to-equity ratio of 5.6.
Royal Caribbean and Celebrity Cruises, which are sister cruise lines operated by Royal Caribbean Group, are known for offering abundant dining options and engaging nightlife but have different onboard vibes and target different types of cruise travelers.