And we aspire to be an exemplary corporate citizen leaving the people and the places we touch even better. Together, we deliver joyful vacation experiences and breakthrough shareholder returns by exceeding guest expectations and leveraging our industry-leading scale.
Started by the late Ted Arison, the company began operation in with a boatload of vision, a single secondhand ship and just enough fuel to make a one-way trip from Miami to San Juan. Relying on little more than a contagious level of enthusiasm, Arison forged a partnership to build the young company into a full-fledged cruise line. Two years later, Carnival was still a struggling, small-time operator. For a look at Carnival through the eyes of our guests, visit Away We Go. For news and press announcements, visit carnival-news.
See the honors. Our world headquarters are located at: NW 87th Avenue. Windstar Sail Cruises, whose three large passenger sailing ships operated in the South Pacific, Mediterranean, and Caribbean, served the luxury market.
Westours operated Westmark's 18 hotels in addition to five dayboats, motor coaches, and eight glass-domed railcars in Alaska and the Canadian Northwest. Already the world's largest cruise operator based on passengers carried, with this single purchase Carnival boosted its number of berths by more than 50 percent.
With its 13 restaurants, golf course, tennis courts, and other recreational facilities, the Crystal Palace was the biggest resort in the region. The following year Ted Arison, at the age of 66, stepped down as chairperson of Carnival and was succeeded by his son Micky. Shortly thereafter, the industry's boom of the previous decade began to taper off. The war in the Persian Gulf brought higher fuel and airline costs and deterred tourists. The effects were reflected in Carnival's stock price, which slid from 25 points in June of to 13 points late in the year.
At the same time, it became apparent that the Crystal Palace would be an unprofitable venture. In , with no prospective buyers, Carnival agreed to turn over a large portion of the resort to the Bahamian government, in exchange for cancellation of some of the debt incurred during construction.
Its average occupancy level stood at percent, well above the industry's average of 90 percent. In an effort to gain more working capital, Carnival offered 7. The deal fell through, however, when a final agreement could not be reached on the price.
In Carnival agreed to acquire a percentage of Seabourn Cruise Lines. Seabourn, operated in partnership with Atle Byrnestad, served the ultra-luxury market, running tours to such locations as South America, the Baltics, the Mediterranean, and Southeast Asia. Perhaps the most impressive ship introduced in the modern era was the Carnival Destiny, the largest passenger ship afloat at , tons and room for 2, people. Its maiden voyage was in Leaders who are shaping the future of business in creative ways.
New workplaces, new food sources, new medicine--even an entirely new economic system. The Carnival Corporation is the world's largest travel leisure company, with a combined fleet of more than vessels. Founded in by Ted Arison, the brand combined a Las Vegas-style experience with luxury on the high seas. Their largest brand, Carnival Cruise Line, is so massive, its 25 vessels account for
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