Carnival to lift cruise prices

24th Feb 2010 15:31

Shares in Carnival are buoyant after the cruise operator said it will be lifting ticket prices following strong reservations activity for 2010 departures at its Carnival Cruise Lines business.'We're seeing significantly increased volume as consumers are taking advantage of the incredible value that a Carnival cruise provides,' said president and chief executive Gerry Cahill. 'And while pricing hasn't fully recovered to 2008 levels, we are increasing prices and will implement an across-the-board increase effective March 22.'He said that the price increases will vary by departure date but will be up to 5%.Carnival Cruise Lines operates 22 ships cruising around the Bahamas, Caribbean, Mexican Riviera, Alaska, Hawaii, the Panama Canal, Canada, New England and Europe. Carnival's other businesses include P&O Cruises and Ocean Village.