MIAMI - Carnival (NYSE:CCL) Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), the largest cruise company globally, has announced the completion of a significant technology upgrade, outfitting its entire fleet with SpaceX's Starlink high-speed internet service. This enhancement is set to transform the connectivity experience for both guests and crew aboard the company's 90-plus ships.
The installation of Starlink internet service is part of a broader initiative by Carnival to improve its fleet's connectivity, which has seen a fourfold increase in bandwidth since 2019. This comprehensive upgrade aims to provide an on-land internet experience at sea, enabling passengers to stream live content, browse social media, and even work remotely with ease. The improved internet service will also bolster operational and communication capabilities on the ships, facilitating real-time data sharing and continuous monitoring of onboard equipment.
Josh Weinstein, CEO of Carnival Corporation, commented on the upgrade, "Starlink has been a game-changer for the onboard connectivity experience our cruise lines deliver to their guests, and we've already seen a surge in guest satisfaction and positive feedback from the super-fast and reliable Wi-Fi service we provide onboard."
The rollout began with Carnival Cruise Line and AIDA Cruises in December 2022 before extending to the company's other cruise brands, including Princess Cruises, Holland America Line, and Seabourn. This initiative is part of Carnival's multi-provider strategy, which ensures consistent and reliable Wi-Fi service across its global fleet, regardless of location or movement.
Carnival Corporation's portfolio includes some of the most recognized cruise brands worldwide, and it operates over 90 ships that visit more than 800 ports around the globe. The company's commitment to enhancing the guest experience through technological advancements is evident in this latest move to provide cutting-edge connectivity solutions at sea.
The information in this article is based on a press release statement from Carnival Corporation & plc.
InvestingPro Insights
As Carnival Corporation (NYSE: CCL) sails forward with its latest technology upgrade by providing SpaceX's Starlink high-speed internet across its fleet, the company's financial health and market performance continue to be of interest to investors. With a significant improvement in guest experience on the horizon, it's worth noting that Carnival Corporation is also navigating through the financial seas with notable metrics.
InvestingPro data reveals a substantial revenue growth for Carnival, with the last twelve months as of Q1 2024 showing a remarkable 50.66% increase. This upward trend is further evidenced by a 21.97% quarterly revenue growth in Q1 2024, indicating a strong rebound for the company in the post-pandemic era. The company's market capitalization stands at $18.63 billion, reflecting the scale and presence of Carnival in the leisure industry.
Among the InvestingPro Tips, two particularly stand out for Carnival Corporation. First, the company is recognized as a prominent player in the Hotels, Restaurants & Leisure industry, which aligns with its ongoing efforts to enhance the customer experience through technological advancements like the Starlink internet service. Second, analysts predict that Carnival will be profitable this year, a significant turnaround considering the challenges faced by the travel and leisure sector in recent years.
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