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This statistic highlights Carnival Corporation’s Revenue by Geography, split between Australia & Asia, Europe, North America and Others regions, and reported from 2013 onwards.
Table showing Carnival Corporations Revenue by Geography in recent years:
|Region||2018||2019||2020||Contribution in 2020|
|Australia and Asia||$2.53||$2.63||$0.69||12%|
(All figures in billions, except percentages)
Carnival Corporations total revenue increased from $18.88 billion to $20.83 billion on a Year-on-Year basis from 2018 to 2019, indicating a percentage growth of 9.3%. Moreover, the growth in total revenue declined dramatically in the year 2020. In comparison to the year 2019, the total revenue declined by 73% whereas the total revenue decreased drastically from $18.88 billion in the year 2018 to $5.59 billion in the year 2020, indicating a percentage decrease of 70%.
As indicated in the graph, the major contribution in the total revenue comes from the North America region, and as much as 55% of the total revenue has been generated from this region in 2020. The percentage decline in total revenue from the North America region is 73% from the year 2019 to 2020. This is the highest decline in the past 8 years.
North America, being the major contributor in the total revenue is followed by Europe, Australia & Asia and then Other regions with a percentage contribution of 29%, 12% and 3% respectively.
Carnival Corporations has stated that the COVID-19 global pandemic is having material negative impacts on all aspects of their business. This implemented a pause on their guest cruise operations in mid-March 2020 across all their brands. In addition, they have been, and will continue to be negatively impacted by related developments, including heightened governmental regulations, travel bans, travel advisories, restrictions and recommendations by the CDC. The US. Department of State and other governmental authorities.
About the Company:
Carnival Corporations is a British-American cruise operator having a joint fleet of over 100 vessels across 10 cruise line brands. A dual-listed corporation, Carnival is composed of two companies – Panama-incorporated, US-headquartered Carnival Corporation and UK-based Carnival plc – which function as one entity. Carnival plc is listed on the London Stock Exchange, whereas Carnival Corporation is listed on the New York Stock Exchange. Carnival Corporation is one of the world’s largest leisure travel companies with operations in Europe, North America, Asia and Australia.
Carnival Corporation have full executive control of the following operating companies
Carnival of the Americas
Carnival United Kingdom
Holland America Company
Also, Carnival Corporation is expanding its investments in the use of low carbon fuels, in particular, LNG. AIDAnova, the 1st in the world, a cruise ship with the ability to use LNG to generate 100 per cent of its power both in port and on the open sea, joined the fleet in December 2018, followed by 2 LNG ships, Costa Smeralda and Iona.
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