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World’s first computer-themed playground to open in Helsinki


HELSINKI, Sept. 30, 2024 /PRNewswire/ — What is thought to be the world’s first computer-themed playground will be inaugurated on 1 October 2024 in the Ruoholahti district of Helsinki. The playground is designed by children’s author Linda Liukas together with the landscape architecture office Näkymä Oy. In the new playground, children can get to know the world of computers and programming through play, and without digital devices. Helsinki is investing in the wellbeing of children, and the city was recently recognised by UNICEF as a Child Friendly City.

“It’s exciting to design a playground for children, for whom play often means a computer game instead of a sandbox. The new playground offers something new for this generation. In the digital world, children are users, but in the playground, they are creators. I hope that Ruoholahti Playground will become an attractive place for children of many ages, where they can also learn about technology while playing,” says Linda Liukas, the head designer of the playground. Linda Liukas is known for her Hello Ruby story books, which teach coding to children.

The new bespoke playground equipment includes, for example, a computer tower, keyboard stairs and a sandbox in the shape of a game console controller. In the playground, children can create their own TikTok dances or learn to write their name using binary numbers – without phones. Educational material for visiting groups has been created for the playground that combines colouring pictures, tasks, technology games and audio contents. The material can be downloaded free of charge from the playground’s website. The playground’s unique equipment has been made by award-winning Danish playground equipment manufacturer Monstrum.

Designer Linda Liukas is happy for the new playground. Photo: Leena Karppinen, Helsinki Partners

Wishes of users taken into account in the design of the playground

The new playground has been designed in close collaboration with pedagogical experts. Users of the playground in the neighbourhood, local children, and educators were also consulted.

For the playground’s lighting, special attention was paid to the changing seasons, as Helsinki’s playgrounds are heavily used even in the dark winter and rainy autumn. In Finland, playgrounds are used in all weathers and all year round. The green areas in the new playground include a diversity and pollinator-themed educational planting area with information boards.

Computer-theme suites especially well to Ruoholahti, as it is home to many international ICT companies. Photo: Sakari Röyskö, City of Helsinki

Recognised by UNICEF as a Child Friendly City, Helsinki Celebrates 110 Years of Playgrounds

Helsinki is the first Nordic capital to be recognised by UNICEF as a Child Friendly City. The recognition is awarded to cities whose activities and development work promote the implementation of the UN Convention on the Rights of the Child.

“As recently outlined in our new architecture programme, we are committed to recognising the important role of architecture and landscape design in creating good urban life. Fostering child-friendly design is a key part of this work, and the Ruoholahti playground is a great example of what can be done,” says Chief Design Officer Hanna Harris.

The history of playgrounds in Helsinki stretches back 110 years. The decision to locate the new computer-themed playground in Ruoholahti was made because the area is home to many international ICT companies and an old Nokia factory that today functions as a cultural centre. In this way, children get to know the world that surrounds them in a new way.

When selecting the location of future theme playgrounds, the character of the neighbourhood is taken into account along with convenient public transport connections. Helsinki’s playgrounds offer a variety of activities, from family activities in the morning to club activities for school children in the afternoon, as well as free meals offered to everyone under the age of 16 in summertime. Helsinki’s playgrounds are open to everyone, and both locals and visitors, children and adults, are welcome to play there.

More information: 
Leena Karppinen 
Senior Manager, PR & Communications 
Helsinki Partners 
[email protected] 

Linda Liukas

Linda Liukas is an author, illustrator and educator from Helsinki, Finland. With her Hello Ruby children’s picture book series and philosophy, she brings a Nordic playful perspective to the sometimes serious world of computer science. Translated into nearly 40 languages, Hello Ruby books ask: what else is there to technology education than “Learn to code”? If computer code is the Lego block of our time – a tool of creation – how do we teach curiosity, joy, and wonder to our kids? http://lindaliukas.com/

Playgrounds

Helsinki has a city-wide network of around 60 year-round playgrounds that offer a wide range of services to residents of different ages in their local neighbourhoods. Playgrounds that are open to all, free of charge and professionally managed are, to this extent, a uniquely Helsinki phenomenon, the result of 110 years of ambitious development work. Read more: https://www.hel.fi/en/childhood-and-education/playgrounds-and-family-houses

This information was brought to you by Cision http://news.cision.com.

https://news.cision.com/helsinki-partners/r/world-s-first-computer-themed-playground-to-open-in-helsinki—children-learn-about-technology-throu,c4044802

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FAT BEAR WEEK CELEBRATES 10TH ANNIVERSARY


Fat Bear Week features a single-elimination tournament where the public votes online for the bear that demonstrates the most impressive weight gain as they feast on salmon. Voters can visit the “Meet the bears” section to compare photos and learn about each bear’s history.  The bear with the most votes advances, culminating in the crowning of the Fat Bear Week champion on October 8th.  Season 2023’s champion, Grazer, is now a new mom raising her first cub. If she retains her title, she will become the first mother bear to win the competition.

Over the past decade, Fat Bear Week has captured the hearts of wildlife enthusiasts and nature lovers around the globe.  Since 2014, it has grown from a one-day event with 1,700 votes to a weeklong worldwide celebration with almost 1.4 million votes cast from more than 100 countries in 2023.  Fat Bear Week is made possible through a partnership with Explore.org, a philanthropic organization that provides live streaming webcams of bears fishing for salmon at Brooks River. This initiative is further supported by Katmai Conservancy, a 501(c)(3) nonprofit dedicated to preserving the natural beauty and wildlife of Katmai National Park. Together, they bring the remarkable world of these bears to audiences everywhere.

“Fat Bear Week is an election in which every candidate is fit for office,” says explore.org’s founder Charlie Annenberg. “The bears have demonstrated their credibility through hard work, skill, and the growth of their waistline. Each aims to achieve the same goal—surviving winter hibernation. They all are worthy of our respect and admiration.”

Voters can also support Katmai’s bears by donating to the Katmai Conservancy’s Otis Fund, where all donations will be matched by Explore.org from October 2 -13, 2024.  In addition to voting, there are live Fat Bear Week events hosted by park rangers and other experts.

Photo – https://mma.prnewswire.com/media/2519355/ExploreOrg_Bear.jpg



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FAT BEAR WEEK CELEBRATES 10TH ANNIVERSARY


Fat Bear Week, the most beloved week in wildlife conservation, kicks off its 10th anniversary from October 2-8, 2024.


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Fat Bear Week features a single-elimination tournament where the public votes online for the bear that demonstrates the most impressive weight gain as they feast on salmon. Voters can visit the “Meet the bears” section to compare photos and learn about each bear’s history.  The bear with the most votes advances, culminating in the crowning of the Fat Bear Week champion on October 8th.  Season 2023’s champion, Grazer, is now a new mom raising her first cub. If she retains her title, she will become the first mother bear to win the competition.

Over the past decade, Fat Bear Week has captured the hearts of wildlife enthusiasts and nature lovers around the globe.  Since 2014, it has grown from a one-day event with 1,700 votes to a weeklong worldwide celebration with almost 1.4 million votes cast from more than 100 countries in 2023.  Fat Bear Week is made possible through a partnership with Explore.org, a philanthropic organization that provides live streaming webcams of bears fishing for salmon at Brooks River. This initiative is further supported by Katmai Conservancy, a 501(c)(3) nonprofit dedicated to preserving the natural beauty and wildlife of Katmai National Park. Together, they bring the remarkable world of these bears to audiences everywhere.

“Fat Bear Week is an election in which every candidate is fit for office,” says explore.org’s founder Charlie Annenberg. “The bears have demonstrated their credibility through hard work, skill, and the growth of their waistline. Each aims to achieve the same goal—surviving winter hibernation. They all are worthy of our respect and admiration.”

Voters can also support Katmai’s bears by donating to the Katmai Conservancy’s Otis Fund, where all donations will be matched by Explore.org from October 2 -13, 2024.  In addition to voting, there are live Fat Bear Week events hosted by park rangers and other experts.

SOURCE explore.org



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Mercure franchit le cap des 1 000 hôtels


PARIS, le 30 septembre 2024 /PRNewswire/ —  Mercure Hotels, marque synonyme de découverte et d’exploration et d’immersion dans la vie locale, vient de franchir un cap historique avec l’ouverture de sa 1 000ème adresse. Un chiffre symbolique qui témoigne du parcours passionnant de cette enseigne lancée en 1973, dont la mission est de révéler les trésors qui font la singularité de chacune de ses destinations. Aujourd’hui, Mercure est l’ambassadeur mondial des découvertes et des expériences locales, immergeant les voyageurs dans l’esprit authentique de leur destination tout en leur offrant la garantie de qualité d’une marque internationale.

La barre des 1 000 hôtels a été franchie suite à l’ouverture du Mercure London Earls Court (Royaume-Uni), du Mercure Chandigarh Tribune Chowk (Inde), du Mercure Fukuoka Munakata Resort & Spa – ALL (accor.com) (Japon), du Mercure Marival Emotions Resort (Mexique) et du Mercure Nantong Renmin Road (Chine).

Cette année, la marque s’est fortement développée en Chine et au Japon. Près de 30 hôtels Mercure ont ainsi ouvert leurs portes en Chine, dont neuf sur le seul mois d’août, ce qui porte à plus de 180 le nombre d’hôtels de l’enseigne dans la région. En avril, Accor a ouvert 11 hôtels Mercure au Japon, doublant par là même la présence de la marque dans ce pays.

Le franchissement du cap des 1 000 adresses souligne l’engagement de Mercure à proposer un service d’excellence et des expériences authentiquement locales aux voyageurs du monde entier.

Depuis ses débuts modestes à Saint-Witz en France, Mercure a connu une croissance remarquable. Rachetée par Accor en 1975, la marque s’est rapidement développée, étendant sa présence en Europe puis au-delà de son continent d’origine. Les principales étapes de cette expansion ont été l’ouverture de son premier hôtel hors de France en 1983, à Lisbonne, et son implantation au Moyen-Orient, en Asie du Sud-Est et en Australie en 1994. La marque a célébré son 50ème anniversaire en 2023 en mettant plus que jamais l’accent sur l’exploration de ses destinations. Aujourd’hui, avec plus de 1 000 hôtels dans 68 pays, Mercure réaffirme son engagement en faveur de la découverte, dans le monde entier.

« Mercure est depuis plusieurs décennies un leader mondial sur le segment milieu de gamme, un rang conforté par l’ouverture de son millième hôtel », déclare Jean-Yves Minet, Directeur général marques Milieu de gamme et Économiques, Accor. « Mercure a cette capacité à mettre en lumière ses destinations. C’est ce qui fait sa force : conserver l’authenticité et le caractère du lieu, tout en s’appuyant sur la puissance d’une marque mondiale. Cette millième ouverture témoigne de l’efficacité de notre stratégie de développement et de notre capacité à répondre aux attentes du marché tout en préservant la qualité et la cohérence de notre portefeuille. »

Jean-Yves Minet ajoute : « Ce succès témoigne du dévouement et du travail acharné de nos équipes dans le monde entier, ainsi que de la fidélité de nos clients et partenaires, qui font encore et toujours le choix de Mercure. Nos dernières ouvertures incarnent tout l’esprit de l’enseigne Mercure, qui mêle culture locale et offre hôtelière de classe mondiale. »

50 ans de découvertes locales   
Au cœur de l’identité de l’enseigne Mercure se trouve le programme « Discover Local », imaginé pour approfondir les liens entre les voyageurs et leur destination. Les hôtes sont invités à découvrir les saveurs et les expériences culturelles régionales grâce à des menus à base de produits et de partenariats locaux à travers le monde. Des rues animées de Rio aux avenues historiques de Paris, chaque adresse Mercure est une porte d’accès à la culture de la région où elle est implantée.

Le nom Mercure, inspiré du dieu romain des voyageurs, symbolise l’engagement de la marque à plonger ses clients dans une atmosphère reflétant l’esprit du lieu. Élégance historique du Mercure Bordeaux Centre Gare Atlantique, niché au cœur du quartier Saint-Jean, ou oasis enchanteresse du Mercure Maldives Kooddoo, chaque adresse Mercure offre un subtil mélange de charme local et de confort contemporain.

Alors qu’elle célèbre le cap des 1  000 hôtels, la marque reste plus que jamais fidèle à sa mission, qui consiste à mettre ses clients en prise directe avec l’essence authentique de ses destinations. Avec de nouvelles ouvertures qui continuent d’enrichir son portefeuille diversifié, Mercure est prêt à poursuivre son essor et à inviter les voyageurs à explorer de nouveaux horizons.

Karelle Lamouche, Directrice générale Commercial, Marques premium, milieu de gamme et économiques, Accor, ajoute : « Le fait de franchir le cap des 1 000 établissements témoigne de la permanence de l’attractivité de la marque Mercure et de notre engagement à offrir des expériences authentiques et enrichissantes. Chaque hôtel Mercure est une porte d’accès à une destination et la garantie d’un séjour unique et mémorable. Nous nous engageons à sublimer l’expérience de nos hôtes en renforçant les liens qui unissent Mercure, ses clients, ses voisins et les propriétaires de ses hôtels. Nous avons hâte de poursuivre, au cours des prochaines années, cette aventure faite de découvertes et d’enrichissement mutuel, au sein des communautés du monde entier. »

Mercure fêtera comme il se doit cette étape majeure au Mercure Dubai Deira, l’un de ses derniers hôtels phares en date, dans le courant de l’automne. Parmi les invités figureront des membres des équipes Accor et Mercure, des propriétaires d’hôtels, des investisseurs et des partenaires, des fournisseurs clés et des médias hôteliers. L’événement soulignera tout l’engagement de Mercure en faveur d’un accueil exceptionnel et d’expériences d’inspiration locale.

Des ouvertures récentes qui témoignent d’une croissance dans le monde entier

L’ouverture du 1 000ème établissement s’accompagne de celle de plusieurs nouveaux hôtels remarquables. La famille Mercure accueille désormais :

  • Le Mercure Dubai Deira (ouvert en janvier 2024) : attaché à l’authenticité de la culture dubaïote, l’hôtel Mercure Dubai Deira, qui compte 152 chambres, dispose d’une piscine sur le toit et de restaurants qui servent des produits locaux. Les clients peuvent y découvrir le riche patrimoine et les saveurs de Dubaï.
  • Le Mercure Tirana (ouvert en mars 2024) : le premier hôtel Mercure d’Albanie fait découvrir le riche patrimoine culturel de la Méditerranée. Il dispose de 64 chambres bien aménagées et d’un sky bar offrant un panorama sur les toits pittoresques de Tirana.
  • Expansion de Mercure au Japon (ouvertures en avril 2024) : la marque s’est considérablement développée au Japon avec 11 nouvelles ouvertures cette année, dont le Mercure Fukuoka Munakata Resort & Spa, le Mercure Miyagi Zao Resort & Spa, le Mercure Urabandai Resort & Spa et le Mercure Kyoto Miyazu Resort & Spa. Chacun de ces établissements mêle habilement charme local et équipements modernes.
  • Le Mercure ICON Singapore City Centre (ouvert en avril 2024) : le plus grand hôtel Mercure au monde, avec 989 chambres aménagées avec soin. Cet établissement s’inspire du quartier chinois de Singapour et de son quartier central des affaires. Il propose six restaurants et, dans les chambres, des produits respectueux de l’environnement.
  • Le Mercure Bangkok Surawong (ouvert en mai 2024) : cet hôtel de 219 clés offre une vue panoramique sur la ville de Bangkok. Ses moindres recoins s’inspirent du caractère de son quartier, autrefois important district commercial le long du fleuve Chao Phraya. La décoration intérieure fait appel au bois recyclé, à l’acier moderne et à la pierre, créant une atmosphère ancrée dans le riche patrimoine de la région.
  • Le Mercure London Earls Court (ouvert en juillet 2024) : ce nouvel hôtel Mercure, qui compte 12 étages dans un édifice partagé avec la marque ibis, offre une vue impressionnante sur les gratte-ciels londoniens. Son design s’inspire du célèbre Tardis, vaisseau spatio-temporel de la série culte britannique Doctor Who, dont une réplique trône devant la gare d’Earl’s Court, à proximité de l’hôtel. Celui-ci dispose de 282 chambres et d’un bar-restaurant, le Barnaby’s, qui allie grands classiques de la cuisine britannique et saveurs du monde.

Notes au rédacteur :   
Bibliothèque d’images : Cliquer ici   
“Mercure Heritage Toolkit” et “Mercure Notable Addresses” : Cliquer ici

À propos de Mercure 
Inspirés par Mercure, le dieu romain des voyageurs, les hôtels Mercure offrent bien plus qu’un simple lieu pour dormir : ils sont une porte d’entrée vers la destination, une chaleureuse invitation à découvrir et explorer les environs. Depuis sa création en 1973, Mercure s’est consacré à dévoiler les trésors autour de chacune de ses adresses, en offrant des normes de haute qualité avec une véritable prise en compte de la localité. Grâce à son programme “Discover Local”, Mercure invite ses hôtes à se sentir locaux partout – que ce soit à Rio, Paris, Bangkok ou dans de nombreuses autres destinations dans le monde – et les plonge instantanément dans une atmosphère d’inspiration locale. Tous les détails sont conçus pour refléter l’essence unique de chaque destination, du design décoratif à notre passion pour les découvertes de délices culinaires locaux. Les hôtels Mercure sont idéalement situés dans les centres-villes, au bord de la mer ou à la montagne, avec plus de 1000 hôtels dans plus de 65 pays. Mercure fait partie de Accor, un leader mondial de l’hospitalité, fort de 5 700 hôtels dans plus de 110 pays, et de l’écosystème ALL – Accor Live Limitless – le programme de fidélité qui donne accès à un large éventail de bénéfices, de services et d’expériences. 

mercure.com | all.com | group.accor.com

Contact presse: Caroline Ponomarenko, Directrice Relations Presse et Communications, marques Premium, Milieu de gamme et Économique, Accor, [email protected] 

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Mercure surpasses 1,000 hotel milestone


PARIS, Sept. 30, 2024 /PRNewswire/ — Mercure Hotels, a brand synonymous with local discovery and exploration, has reached a historic milestone with the opening of its 1,000th hotel. This achievement marks a significant chapter in the brand’s storied history, which began in 1973 with a mission to reveal the unique treasures of each destination. Today, Mercure stands as a global ambassador of local discovery, serving travellers with the quality of an international brand while immersing them in the authentic spirit of their surroundings.

The 1,000th hotel milestone was achieved following the openings of Mercure London Earls Court, (UK) Mercure Chandigarh Tribune Chowk, (India) Mercure Fukuoka Munakata Resort & Spa, (Japan) Mercure Marival Emotions Resort, (Mexico) and Mercure Nantong Renmin Road (China).

This year, the brand expanded heavily into China and Japan. Nearly 30 Mercure hotels opened in Greater China, with nine hotels opening in August alone, bringing the brand’s footprint to over 180 hotels in the region. In April, Accor opened 11 Mercure hotels in Japan, doubling the brand’s presence there.

Reaching 1,000 addresses underscores Mercure’s commitment to providing excellent service and authentic local experiences to travellers around the world.

From its humble beginnings in Saint-Witz, France, Mercure has undergone a remarkable transformation. Acquired by Accor in 1975, the brand quickly expanded, establishing its presence in Europe and beyond. Key milestones include the opening of its first international hotel in Lisbon in 1983, and its expansion into the Middle East, Southeast Asia, and Australia in 1994. The brand celebrated its 50th anniversary in 2023 by doubling down on its commitment to local discovery. Now, with over 1,000 hotels in 68 countries, Mercure reaffirms its commitment to discovering local around the world.

“Mercure has long been a global leader within the midscale segment, and this significant achievement reaffirms its position,” said Jean-Yves Minet, Global Brand President, Midscale & Economy, Accor. “Mercure has the ability to place-make a destination. This is part of its strength – maintaining that critical authenticity and local touch but with the impact that comes with a global brand. This significant milestone showcases our effective expansion strategy and ability to meet market demands while maintaining quality and consistency across our portfolio.”

He added: “This accomplishment is a testament to the dedication and hard work of our teams around the world, as well as the loyalty of our guests and partners who continue to choose Mercure. Our latest openings embody the spirit of the Mercure brand, combining local culture with world-class hospitality.”

50 years of Local Discovery
At the heart of Mercure’s identity is the ‘Discover Local’ program, designed to deepen guests’ connections with the destination. Travelers are invited to explore regional flavours and cultural experiences through locally sourced menus and partnerships worldwide. From the energetic streets of Rio to the historic avenues of Paris, each Mercure hotel serves as a portal to the unique culture of its locale.

The name Mercure, inspired by Mercury, the Roman god of travellers, symbolises the brand’s dedication to immersing guests in a locally inspired atmosphere. From the historic elegance of Mercure Bordeaux Centre Gare Atlantic, nestled in the heart of Bordeaux’s Saint-Jean district, to the oasis of Mercure Maldives Kooddoo, each Mercure address offers a unique blend of local charm and modern comfort.

As Mercure celebrates this remarkable milestone, the brand remains unwavering in its mission to connect guests with the authentic essence of their destinations. With new openings continuing to enhance its diverse portfolio, Mercure is poised for even greater achievements, inviting travellers to explore new horizons.

Karelle Lamouche, Chief Commercial Officer, Premium, Midscale & Economy brands at Accor, added: “Reaching the milestone of 1,000 properties is a testament to Mercure’s enduring appeal and our commitment to providing guests with genuinely enriching experiences. Each Mercure hotel is a portal to the local destination, offering travellers a unique and memorable stay. We are committed to enhancing the guest experience by fortifying the bond between Mercure and our guests, neighbours and hotel owners. We look forward to continuing our journey of discovery and growth together in communities around the world in the years to come.”

Mercure will host a grand celebration at one of its newest flagship hotels, Mercure Dubai Deira, later this fall to commemorate the achievement. Guests will include Accor and Mercure team members, hotel owners, investors and partners, key suppliers, and industry media. The event will highlight Mercure’s commitment to exceptional hospitality and locally inspired experiences.

Recent Openings Highlight Global Growth
The opening of Mercure’s 1,000th property is complemented by several notable new hotels. Recent additions to the Mercure family include:

  • Mercure Dubai Deira (Opened January 2024): Committed to local authenticity, the 152-bedroom Mercure Dubai Deira features a rooftop pool and restaurants serving garden-to-table produce. Guests can discover the rich local heritage and flavours of Dubai.
  • Mercure Tirana (Opened March 2024): Mercure’s first hotel in Albania introduces guests to the rich cultural heritage of the Mediterranean. The hotel boasts 64 well-appointed guest rooms and a sky bar with a scenic view of Tirana’s skyline.
  • Mercure’s Expansion in Japan (Opened April 2024): The brand significantly expanded in Japan with 11 new openings this year, including the Mercure Fukuoka Munakata Resort & Spa, Mercure Miyagi Zao Resort & Spa, Mercure Urabandai Resort & Spa, and Mercure Kyoto Miyazu Resort & Spa. Each hotel offers a unique blend of local charm and modern amenities.
  • Mercure ICON Singapore City Centre (Opened April 2024): The largest Mercure hotel in the world, featuring 989 thoughtfully designed rooms. This hotel draws inspiration from Singapore’s Chinatown and its central business district, offering six distinct dining experiences and eco-conscious amenities.
  • Mercure Bangkok Surawong (Opened May 2024): This 219-key hotel boasts panoramic views of the Bangkok skyline. Every corner of the hotel is inspired by the character of the local area, once a pivotal trade district along the Chao Phraya River. Design elements include reclaimed wood, modern steel, and stone, creating an atmosphere anchored to the area’s rich heritage.
  • Mercure London Earls Court (Opened July 2024): A 12-storey, dual-branded property with ibis, the new Mercure hotel offers impressive views of London’s skyline. The hotel design is inspired by the iconic Tardis from the British cult classic Doctor Who, which stands in front of nearby Earl’s Court station. The 282-bedroom hotel features Barnaby’s restaurant and bar, blending British pride with global flavours.

Notes to the Editor:
Image Library: Click here
Mercure Heritage Toolkit & Mercure Notable Addresses: Click here

About Mercure
Inspired by Mercury, the Roman god of travellers, Mercure hotels offer far more than just a place to sleep – they are a gateway to the destination, a warm invitation to discover and explore the locale. Since its founding in 1973, Mercure has been dedicated to unveiling the treasures surrounding each address, delivering high-quality standards infused with a deep sense of place. Through its “Discover Local” program, Mercure welcomes guests to Feel Local Everywhere – be it in Rio, Paris, Bangkok and many other destinations across the globe. Every detail, from the decorative arts to our passion for uncovering local food and drink delights is curated to reflect the unique essence of each destination. Mercure hotels are conveniently located in city centres, by the sea or in the mountains, with more than 1000 hotels in 65+ countries. Mercure is part of Accor, a world leading hospitality group counting over 5,700 properties throughout more than 110 countries, and a participating brand in ALL – Accor Live Limitless – a lifestyle loyalty program providing access to a wide variety of rewards, services and experiences.

mercure.com | all.com | group.accor.com

Press Contact: Caroline Ponomarenko, Communications & PR Director, Premium, Midscale and Economy Brands, Accor, [email protected] 

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Phoenix Aviation Capital and AIP Capital Place Four Boeing 737 MAX 8 Aircraft on Lease with LOT Polish Airlines


DUBLIN and STAMFORD, Conn., Sept. 30, 2024 /PRNewswire/ — Phoenix Aviation Capital (“Phoenix“), a full-service aircraft lessor, and AIP Capital, an alternative investment manager focused on opportunities in commercial aviation today announced that Phoenix has placed four next-generation Boeing 737 MAX 8 aircraft on long-term lease with LOT Polish Airways, Poland’s flag carrier.

Phoenix Aviation Capital Logo
Phoenix Aviation Capital Logo

The agreement demonstrates both Phoenix’s and AIP Capital’s focus on working with airline customers to provide flexible solutions, and LOT Polish Airway’s objective of expanding its aircraft fleet to enhance operational flexibility and accommodate network expansion.

“We are excited to have concluded this transaction with LOT Polish Airways,” said Mathew Adamo, Managing Partner at AIP Capital who also serves on the board of Phoenix. “We look forward to expanding our relationship and continuing to support LOT in managing their fleet.”

“We welcome AIP Capital as our next business partner in the aircraft leasing space,” said Maciej Dziudzik, LOT Polish Airlines, Fleet Bureau Director. “Modern, next-generation narrowbody aircraft are an important element of our growth strategy for the following years. We are committed to provide our existing passengers and general public the improved connectivity opportunities in Central Europe, either travelling for business or leisure.”

About Phoenix Aviation Capital

Phoenix Aviation Capital is a full-service aircraft lessor focused on financing modern, in-demand aircraft and is dedicated to meeting the financing needs of its airline customers across the globe. Phoenix Aviation Capital is based in Dublin and is managed by AIP Capital, a global aviation asset management and investment firm.

For more information about Phoenix Aviation Capital or to speak with company executives, please contact [email protected].

About AIP Capital

AIP Capital (AIP) is a global alternative investment manager focused on opportunities in commercial aviation. AIP believes its unique investment strategy, relationships, and hands-on approach enable AIP to execute its mission of generating attractive risk-adjusted returns for its clients across market cycles. With offices in Stamford, Dublin, and Singapore, AIP maintains a global footprint and is backed by a full platform of professionals across finance, technical, legal, risk management and underwriting.

For more information about AIP Capital or to speak with company executives, please contact [email protected]

About LOT Polish Airlines

LOT Polish Airlines is a modern carrier connecting Central and Eastern Europe with the rest of the world. LOT’s offer includes direct long-haul flights to airports in the United States, Canada, China, Japan and South Korea. The Polish carrier has been consistently increasing the number of its flights to those destinations, thus strengthening its position in Central and Eastern Europe. It operates its long-haul flights with Boeing 787 Dreamliner, one of the most advanced wide-body aircraft in the world. Present in the sky since 1929, the Polish carrier is the 12th oldest airline worldwide, being one of the most internationally recognizable Polish brands.

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Mercure surpasses 1,000 hotel milestone


PARIS, Sept. 30, 2024 /PRNewswire/ – Mercure Hotels, a brand synonymous with local discovery and exploration, has reached a historic milestone with the opening of its 1,000th hotel. This achievement marks a significant chapter in the brand’s storied history, which began in 1973 with a mission to reveal the unique treasures of each destination. Today, Mercure stands as a global ambassador of local discovery, serving travellers with the quality of an international brand while immersing them in the authentic spirit of their surroundings.

Mercure Dubai Deira (CNW Group/Mercure Hotels)
Mercure Dubai Deira (CNW Group/Mercure Hotels)
Mercure Bangkok Surawong (CNW Group/Mercure Hotels)
Mercure Bangkok Surawong (CNW Group/Mercure Hotels)

The 1,000th hotel milestone was achieved following the openings of Mercure London Earls Court, (UK) Mercure Chandigarh Tribune Chowk, (India) Mercure Fukuoka Munakata Resort & Spa, (Japan) Mercure Marival Emotions Resort, (Mexico) and Mercure Nantong Renmin Road (China).

This year, the brand expanded heavily into China and Japan. Nearly 30 Mercure hotels opened in Greater China, with nine hotels opening in August alone, bringing the brand’s footprint to over 180 hotels in the region. In April, Accor opened 11 Mercure hotels in Japan, doubling the brand’s presence there.

Reaching 1,000 addresses underscores Mercure’s commitment to providing excellent service and authentic local experiences to travellers around the world.

From its humble beginnings in Saint-Witz, France, Mercure has undergone a remarkable transformation. Acquired by Accor in 1975, the brand quickly expanded, establishing its presence in Europe and beyond. Key milestones include the opening of its first international hotel in Lisbon in 1983, and its expansion into the Middle East, Southeast Asia, and Australia in 1994. The brand celebrated its 50th anniversary in 2023 by doubling down on its commitment to local discovery. Now, with over 1,000 hotels in 68 countries, Mercure reaffirms its commitment to discovering local around the world.

“Mercure has long been a global leader within the midscale segment, and this significant achievement reaffirms its position,” said Jean-Yves Minet, Global Brand President, Midscale & Economy, Accor. “Mercure has the ability to place-make a destination. This is part of its strength – maintaining that critical authenticity and local touch but with the impact that comes with a global brand. This significant milestone showcases our effective expansion strategy and ability to meet market demands while maintaining quality and consistency across our portfolio.”

He added: “This accomplishment is a testament to the dedication and hard work of our teams around the world, as well as the loyalty of our guests and partners who continue to choose Mercure. Our latest openings embody the spirit of the Mercure brand, combining local culture with world-class hospitality.”

50 years of Local Discovery
At the heart of Mercure’s identity is the ‘Discover Local’ program, designed to deepen guests’ connections with the destination. Travelers are invited to explore regional flavours and cultural experiences through locally sourced menus and partnerships worldwide. From the energetic streets of Rio to the historic avenues of Paris, each Mercure hotel serves as a portal to the unique culture of its locale.

The name Mercure, inspired by Mercury, the Roman god of travellers, symbolises the brand’s dedication to immersing guests in a locally inspired atmosphere. From the historic elegance of Mercure Bordeaux Centre Gare Atlantic, nestled in the heart of Bordeaux’s Saint-Jean district, to the oasis of Mercure Maldives Kooddoo, each Mercure address offers a unique blend of local charm and modern comfort.

As Mercure celebrates this remarkable milestone, the brand remains unwavering in its mission to connect guests with the authentic essence of their destinations. With new openings continuing to enhance its diverse portfolio, Mercure is poised for even greater achievements, inviting travellers to explore new horizons.

Karelle Lamouche, Chief Commercial Officer, Premium, Midscale & Economy brands at Accor, added: “Reaching the milestone of 1,000 properties is a testament to Mercure’s enduring appeal and our commitment to providing guests with genuinely enriching experiences. Each Mercure hotel is a portal to the local destination, offering travellers a unique and memorable stay. We are committed to enhancing the guest experience by fortifying the bond between Mercure and our guests, neighbours and hotel owners. We look forward to continuing our journey of discovery and growth together in communities around the world in the years to come.”

Mercure will host a grand celebration at one of its newest flagship hotels, Mercure Dubai Deira, later this fall to commemorate the achievement. Guests will include Accor and Mercure team members, hotel owners, investors and partners, key suppliers, and industry media. The event will highlight Mercure’s commitment to exceptional hospitality and locally inspired experiences.

Recent Openings Highlight Global Growth
The opening of Mercure’s 1,000th property is complemented by several notable new hotels. Recent additions to the Mercure family include:

  • Mercure Dubai Deira (Opened January 2024): Committed to local authenticity, the 152-bedroom Mercure Dubai Deira features a rooftop pool and restaurants serving garden-to-table produce. Guests can discover the rich local heritage and flavours of Dubai.
  • Mercure Tirana (Opened March 2024): Mercure’s first hotel in Albania introduces guests to the rich cultural heritage of the Mediterranean. The hotel boasts 64 well-appointed guest rooms and a sky bar with a scenic view of Tirana’s skyline.
  • Mercure’s Expansion in Japan (Opened April 2024): The brand significantly expanded in Japan with 11 new openings this year, including the Mercure Fukuoka Munakata Resort & Spa, Mercure Miyagi Zao Resort & Spa, Mercure Urabandai Resort & Spa, and Mercure Kyoto Miyazu Resort & Spa. Each hotel offers a unique blend of local charm and modern amenities.
  • Mercure ICON Singapore City Centre (Opened April 2024): The largest Mercure hotel in the world, featuring 989 thoughtfully designed rooms. This hotel draws inspiration from Singapore’s Chinatown and its central business district, offering six distinct dining experiences and eco-conscious amenities.
  • Mercure Bangkok Surawong (Opened May 2024): This 219-key hotel boasts panoramic views of the Bangkok skyline. Every corner of the hotel is inspired by the character of the local area, once a pivotal trade district along the Chao Phraya River. Design elements include reclaimed wood, modern steel, and stone, creating an atmosphere anchored to the area’s rich heritage.
  • Mercure London Earls Court (Opened July 2024): A 12-storey, dual-branded property with ibis, the new Mercure hotel offers impressive views of London’s skyline. The hotel design is inspired by the iconic Tardis from the British cult classic Doctor Who, which stands in front of nearby Earl’s Court station. The 282-bedroom hotel features Barnaby’s restaurant and bar, blending British pride with global flavours.

Notes to the Editor:
Image Library: Click here
Mercure Heritage Toolkit & Mercure Notable Addresses: Click here

About Mercure
Inspired by Mercury, the Roman god of travellers, Mercure hotels offer far more than just a place to sleep – they are a gateway to the destination, a warm invitation to discover and explore the locale. Since its founding in 1973, Mercure has been dedicated to unveiling the treasures surrounding each address, delivering high-quality standards infused with a deep sense of place. Through its “Discover Local” program, Mercure welcomes guests to Feel Local Everywhere – be it in Rio, Paris, Bangkok and many other destinations across the globe. Every detail, from the decorative arts to our passion for uncovering local food and drink delights is curated to reflect the unique essence of each destination. Mercure hotels are conveniently located in city centres, by the sea or in the mountains, with more than 1000 hotels in 65+ countries. Mercure is part of Accor, a world leading hospitality group counting over 5,700 properties throughout more than 110 countries, and a participating brand in ALL – Accor Live Limitless – a lifestyle loyalty program providing access to a wide variety of rewards, services and experiences.

mercure.com | all.com | group.accor.com

SOURCE Mercure Hotels

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Phoenix Aviation Capital and AIP Capital Place Four Boeing 737 MAX 8 Aircraft on Lease with LOT Polish Airlines


DUBLIN and STAMFORD, Conn., Sept. 30, 2024 /PRNewswire/ — Phoenix Aviation Capital (“Phoenix“), a full-service aircraft lessor, and AIP Capital, an alternative investment manager focused on opportunities in commercial aviation today announced that Phoenix has placed four next-generation Boeing 737 MAX 8 aircraft on long-term lease with LOT Polish Airways, Poland’s flag carrier.

Phoenix Aviation Capital Logo (PRNewsfoto/AIP Capital)
Phoenix Aviation Capital Logo (PRNewsfoto/AIP Capital)

The agreement demonstrates both Phoenix’s and AIP Capital’s focus on working with airline customers to provide flexible solutions, and LOT Polish Airway’s objective of expanding its aircraft fleet to enhance operational flexibility and accommodate network expansion.

“We are excited to have concluded this transaction with LOT Polish Airways,” said Mathew Adamo, Managing Partner at AIP Capital who also serves on the board of Phoenix. “We look forward to expanding our relationship and continuing to support LOT in managing their fleet.”

“We welcome AIP Capital as our next business partner in the aircraft leasing space,” said Maciej Dziudzik, LOT Polish Airlines, Fleet Bureau Director. “Modern, next-generation narrowbody aircraft are an important element of our growth strategy for the following years. We are committed to provide our existing passengers and general public the improved connectivity opportunities in Central Europe, either travelling for business or leisure.”

About Phoenix Aviation Capital

Phoenix Aviation Capital is a full-service aircraft lessor focused on financing modern, in-demand aircraft and is dedicated to meeting the financing needs of its airline customers across the globe. Phoenix Aviation Capital is based in Dublin and is managed by AIP Capital, a global aviation asset management and investment firm.

For more information about Phoenix Aviation Capital or to speak with company executives, please contact [email protected].

About AIP Capital

AIP Capital (AIP) is a global alternative investment manager focused on opportunities in commercial aviation. AIP believes its unique investment strategy, relationships, and hands-on approach enable AIP to execute its mission of generating attractive risk-adjusted returns for its clients across market cycles. With offices in Stamford, Dublin, and Singapore, AIP maintains a global footprint and is backed by a full platform of professionals across finance, technical, legal, risk management and underwriting.

For more information about AIP Capital or to speak with company executives, please contact [email protected]

About LOT Polish Airlines

LOT Polish Airlines is a modern carrier connecting Central and Eastern Europe with the rest of the world. LOT’s offer includes direct long-haul flights to airports in the United States, Canada, China, Japan and South Korea. The Polish carrier has been consistently increasing the number of its flights to those destinations, thus strengthening its position in Central and Eastern Europe. It operates its long-haul flights with Boeing 787 Dreamliner, one of the most advanced wide-body aircraft in the world. Present in the sky since 1929, the Polish carrier is the 12th oldest airline worldwide, being one of the most internationally recognizable Polish brands.

SOURCE AIP Capital

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CARNIVAL CORPORATION & PLC REPORTS RECORD-SETTING OPERATING RESULTS, OUTPERFORMS THIRD QUARTER GUIDANCE AND RAISES FULL YEAR 2024 GUIDANCE FOR THE THIRD TIME


MIAMI, Sept. 30, 2024 /PRNewswire/ — Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) announced financial results for the third quarter 2024 and provided an updated outlook for the full year and an outlook for fourth quarter 2024.

  • Third quarter net income was $1.7 billion, an increase of over 60 percent compared to 2023 and adjusted net income1 outperformed June guidance by $170 million.
  • Third quarter revenues hit an all-time high of $7.9 billion, up $1.0 billion compared to the prior year.
  • Record operating income of $2.2 billion exceeded 2023 levels by $554 million.
  • As a result of strong demand and cost saving opportunities, raised its full year 2024 adjusted EBITDA1 guidance to approximately $6.0 billion, up over 40 percent compared to 2023 and better than June guidance by nearly $200 million.
  • The cumulative advanced booked position for full year 2025 is above the previous 2024 record with prices (in constant currency) ahead of prior year.

“We delivered a phenomenal third quarter, breaking operational records and outperforming across the board. Our strong improvements were led by high-margin, same-ship yield growth, driving a 26 percent improvement in unit operating income, the highest level we have reached in fifteen years,” commented Carnival Corporation & plc’s Chief Executive Officer Josh Weinstein.

“We are poised to deliver record operating performance for full year 2024, with adjusted EBITDA now expected to cross $6 billion and adjusted return on invested capital1 to be approximately 10.5 percent. Strong demand enabled us to increase our full year yield guidance for the third time this year and we improved our cost guidance driving more revenue to the bottom line,” Weinstein added.

“Looking forward, the momentum continues as our enhanced commercial execution drives demand well in excess of our capacity growth, leaving us well positioned with an even stronger base of business for 2025, a record start to 2026 and firmly on the path toward our SEA Change targets,” Weinstein noted. 

Third Quarter 2024 Results

  • Net income was $1.7 billion, or $1.26 diluted EPS, an increase of $662 million compared to 2023. Adjusted net income of $1.8 billion, or $1.27 adjusted EPS1, was higher than June guidance by $170 million driven by outperformance in both yield and cost.
  • Record operating income of $2.2 billion exceeded 2023 levels by $554 million or 34 percent.
  • Record adjusted EBITDA of $2.8 billion increased over 25 percent compared to 2023 and outperformed June guidance by $160 million.
  • Third quarter revenues hit an all-time high of $7.9 billion, with record net yields1 (in constant currency) and record net per diems1 (in constant currency) both significantly exceeding 2023 levels.
  • Gross margin yields increased by 19 percent compared to 2023 and net yields (in constant currency) exceeded 2023 levels by 8.7 percent.
    • Gross margin per diems were up 16 percent compared to 2023. Net per diems (in constant currency) were up nearly 6 percent compared to 2023 with both ticket prices and onboard spending up mid-single digits.
  • Cruise costs per available lower berth day (“ALBD”) increased 3.4 percent compared to 2023. Adjusted cruise costs excluding fuel per ALBD1 (in constant currency) decreased compared to 2023 and were significantly better than June guidance driven by cost saving opportunities, accelerated easing of inflationary pressures, benefits from one-time items and the timing of expenses between the quarters.
  • Total customer deposits reached a third quarter record of $6.8 billion, surpassing the previous third quarter record of $6.3 billion as of August 31, 2023, despite lower capacity growth.

Bookings

“With nearly half of 2025 booked and less inventory remaining for sale than the prior year, we are leveraging strong demand to achieve record ticket pricing (in constant currency). Our brands continue to deliver robust bookings momentum, with all our brands ahead on price for 2025 sailings, based on the success of their demand generation efforts along with the exciting offerings and unparalleled experiences we consistently provide our guests. Likewise, 2026 is off to an unprecedented start achieving record booking volumes in the last three months,” Weinstein noted.

During the third quarter, booking volumes remained robust for 2025 sailings at higher prices (in constant currency) compared to the prior year.

The cumulative advanced booked position for full year 2025 is above the previous 2024 record with prices (in constant currency) ahead of prior year.

_____________________________
1 See “Non-GAAP Financial Measures” at the end of this release for additional information.

2024 Outlook

For the full year 2024, the company expects:

  • Net yields (in constant currency) up approximately 10.4 percent compared to 2023, better than June guidance, based on continued strength in demand.
  • Adjusted cruise costs excluding fuel per ALBD (in constant currency) up approximately 3.5 percent compared to 2023, approximately 1 percentage point better than June guidance driven by cost saving opportunities, accelerated easing of inflationary pressures and benefits from one-time items.
  • Adjusted EBITDA of approximately $6.0 billion, up over 40 percent compared to 2023 and better than June guidance by nearly $200 million.
  • Adjusted return on invested capital (“ROIC”) of approximately 10.5 percent, an improvement of approximately 5.0 percentage points compared to 2023 and half a point better than June guidance.

For the fourth quarter of 2024, the company expects:

  • Net yields (in constant currency) up approximately 5.0 percent compared to particularly strong 2023 levels.
  • Adjusted cruise costs excluding fuel per ALBD (in constant currency) up approximately 8.0 percent compared to the fourth quarter of 2023 due primarily to higher dry-dock days and higher investment in advertising.
  • Adjusted EBITDA of approximately $1.14 billion, up 20 percent compared to the fourth quarter of 2023.

See “Guidance” and “Reconciliation of Forecasted Data” for additional information on the company’s 2024 outlook.

Financing and Capital Activity

“We have continued to improve our leverage metrics and balance sheet with strong cash generation and continued debt reduction. We are pleased these efforts were recognized by both S&P and Moody’s with their recent credit rating upgrades. For 2024, we expect better than a two turn improvement in net debt to adjusted EBITDA1 compared to 2023, approaching 4.5x, well on our way to investment grade. In fact, this year’s adjusted free cash flow1 is expected to be over $3.0 billion,” commented Carnival Corporation & plc’s Chief Financial Officer David Bernstein.

The company continued its efforts to proactively manage its debt profile. Since June 2024, the company prepaid another $625 million of debt, bringing its total prepayments to $7.3 billion since the beginning of 2023. Additionally, the company has now fully utilized the accordion feature of its revolving credit facility, increasing the borrowing capacity by nearly $500 million and bringing the total undrawn commitment to $3.0 billion. The company ended the quarter with $4.5 billion of liquidity, including cash and borrowings available under the revolving credit facility.

During the third quarter, Fitch initiated its coverage of the company with a BB credit rating with a positive outlook. The company is now rated by all three major internationally recognized rating agencies. Additionally, S&P upgraded its credit rating to BB with a stable outlook and Moody’s upgraded to B1 with a positive outlook. The company believes this is a testament to its improved leverage metrics and continuing journey to investment grade ratings.

The company continues to strategically direct new capacity towards its highest returning brand with the recent order of three additional ships to Carnival Cruise Line for delivery in 2029, 2031 and 2033. These ships will become the largest ships in the company’s fleet and will carry more passengers than any other cruise ship to date. The company is following through on its measured capacity growth strategy of one to two ships per year on average, including just three ships scheduled for delivery through 2028. This will enable the company to utilize its substantial free cash flow to strategically improve its balance sheet by significantly reducing its leverage levels over the next several years.

The company obtained a new export credit facility, bringing its total committed financings related to ship deliveries to $3.4 billion, continuing its strategy to finance its newbuild program at preferential interest rates.

_____________________________
1 See “Non-GAAP Financial Measures” at the end of this release for additional information.

Other Recent Highlights 

  • Named by TIME as one of the World’s Best Companies of 2024 and by Forbes as one of America’s Best Employers for Women in 2024.
  • Opened a new innovative Fleet Operations Center in Hamburg, Germany to support its European brands.
  • Announced the expansion of Half Moon Cay. This popular private island will be enhanced to include an expanded beach, dining and beverage experiences along with a new pier that will allow the company’s larger ships to visit.
  • In anticipation of Celebration Key’s debut in July 2025, Carnival Cruise Line opened bookings for the destination’s new exclusive retreat, Pearl Cove Beach Club, which will offer a premium experience for guests with a large selection of supervillas, cabanas and shore excursions.
  • Carnival Conquest, AIDAdiva and AIDAluna became the first cruise ships to connect to shore power at PortMiami, the Port of Stockholm and the Port of Oslo.
  • AIDA Cruises successfully piloted a new advanced blended biofuel, which is specifically intended for the maritime industry and lowers greenhouse gas emissions compared to conventional fossil fuels.
  • Seabourn Pursuit was named in a historic expedition ceremony, debuting its new itineraries visiting the Kimberley region in Australia.

Guidance

(See “Reconciliation of Forecasted Data”)


4Q 2024


Full Year 2024

Year over year change

Current Dollars


Constant Currency


Current Dollars


Constant Currency

Net yields

Approx. 7.0%


Approx. 5.0%


Approx. 11.0%


Approx. 10.4%

Adjusted cruise costs excluding fuel per ALBD

Approx. 9.5%


Approx. 8.0%


Approx. 4.0%


Approx. 3.5%


4Q 2024


Full Year 2024

ALBDs (in millions) (a)

24.0


95.6

Capacity growth compared to prior year

3.1 %


4.7 %





Fuel consumption in metric tons (in millions)

0.7


2.9

Fuel cost per metric ton consumed (excluding European Union Allowance (“EUA”))

$                     590


$                     658

Fuel expense (including EUA expense) (in billions)

$                    0.43


$                    1.98





Depreciation and amortization (in billions)

$                    0.67


$                    2.57

Interest expense, net of capitalized interest and interest income (in billions)

$                    0.41


$                    1.68





Adjusted EBITDA (in billions)

Approx. $1.14


Approx. $6.0

Adjusted net income (loss) (in millions)

Approx. $60


Approx. $1,760

Adjusted earnings per share – diluted (b)

Approx. $0.05


Approx. $1.33

Weighted-average shares outstanding – basic

1,296


1,273

Weighted-average shares outstanding – diluted

1,301


1,398

(a)   

See “Notes to Statistical Information”

(b)   

Diluted adjusted earnings per share includes the add-back of dilutive interest expense related to the company’s
convertible notes of $94 million for full year 2024. The add-back expense is antidilutive to the fourth quarter of 2024
calculation and accordingly has been excluded.

Currencies (USD to 1)

4Q 2024

Full Year 2024

AUD

$                           0.68

$                           0.67

CAD

$                           0.74

$                           0.74

EUR

$                           1.12

$                           1.09

GBP

$                           1.33

$                           1.28

Sensitivities (impact to adjusted net income (loss) in millions)

4Q 2024

1% change in net yields

$                                                                     42

1% change in adjusted cruise costs excluding fuel per ALBD

$                                                                     27

1% change in currency exchange rates

$                                                                       5

10% change in fuel price

$                                                                     42

100 basis point change in variable rate debt (including derivatives)

$                                                                     12

Capital Expenditures

For the fourth quarter of 2024, newbuild capital expenditures are $0.2 billion and non-newbuild capital expenditures are $0.6 billion. These future capital expenditures will fluctuate with foreign currency movements relative to the U.S. Dollar. In addition, these figures do not include potential stage payments for ship orders that the company may place in the future.

Conference Call 

The company has scheduled a conference call with analysts at 10:00 a.m. EDT (3:00 p.m. BST) today to discuss its earnings release. This call can be listened to live, and additional information including the company’s earnings presentation and debt maturities schedule, can be obtained via Carnival Corporation & plc’s website at www.carnivalcorp.com and www.carnivalplc.com.

Carnival Corporation & plc is the largest global cruise company, and among the largest leisure travel companies, with a portfolio of world-class cruise lines – AIDA Cruises, Carnival Cruise Line, Costa Cruises, Cunard, Holland America Line, P&O Cruises (Australia), P&O Cruises (UK), Princess Cruises, and Seabourn.

Additional information can be found on www.carnivalcorp.com, www.aida.de, www.carnival.com, www.costacruise.com, www.cunard.com, www.hollandamerica.com, www.pocruises.com.au, www.pocruises.com, www.princess.com and www.seabourn.com. For more information on Carnival Corporation’s industry-leading sustainability initiatives, visit www.carnivalsustainability.com.

Cautionary Note Concerning Factors That May Affect Future Results

Some of the statements, estimates or projections contained in this document are “forward-looking statements” that involve risks, uncertainties and assumptions with respect to us, including some statements concerning future results, operations, outlooks, plans, goals, reputation, cash flows, liquidity and other events which have not yet occurred. These statements are intended to qualify for the safe harbors from liability provided by Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts are statements that could be deemed forward-looking. These statements are based on current expectations, estimates, forecasts and projections about our business and the industry in which we operate and the beliefs and assumptions of our management. We have tried, whenever possible, to identify these statements by using words like “will,” “may,” “could,” “should,” “would,” “believe,” “depends,” “expect,” “goal,” “aspiration,” “anticipate,” “forecast,” “project,” “future,” “intend,” “plan,” “estimate,” “target,” “indicate,” “outlook,” and similar expressions of future intent or the negative of such terms.

Forward-looking statements include those statements that relate to our outlook and financial position including, but not limited to, statements regarding:

•  Pricing

•  Adjusted EBITDA

•  Booking levels

•  Adjusted earnings per share

•  Occupancy

•  Adjusted free cash flow

•  Interest, tax and fuel expenses

•  Net debt to adjusted EBITDA

•  Currency exchange rates

•  Net per diems

•  Goodwill, ship and trademark fair values

•  Net yields

•  Liquidity and credit ratings

•  Adjusted cruise costs per ALBD

•  Investment grade leverage metrics

•  Adjusted cruise costs excluding fuel per ALBD

•  Estimates of ship depreciable lives and residual values

•  Adjusted return on invested capital

•  Adjusted net income (loss)


Because forward-looking statements involve risks and uncertainties, there are many factors that could cause our actual results, performance or achievements to differ materially from those expressed or implied by our forward-looking statements. This note contains important cautionary statements of the known factors that we consider could materially affect the accuracy of our forward-looking statements and adversely affect our business, results of operations and financial position. These factors include, but are not limited to, the following:

  • Events and conditions around the world, including geopolitical uncertainty, war and other military actions, inflation, higher fuel prices, higher interest rates and other general concerns impacting the ability or desire of people to travel have led, and may in the future lead, to a decline in demand for cruises as well as negative impacts to our operating costs and profitability.
  • Pandemics have in the past and may in the future have a significant negative impact on our financial condition and operations.
  • Incidents concerning our ships, guests or the cruise industry have in the past and may, in the future, negatively impact the satisfaction of our guests and crew and lead to reputational damage.
  • Changes in and non-compliance with laws and regulations under which we operate, such as those relating to health, environment, safety and security, data privacy and protection, anti-money laundering, anti-corruption, economic sanctions, trade protection, labor and employment, and tax may be costly and have in the past and may, in the future, lead to litigation, enforcement actions, fines, penalties and reputational damage.
  • Factors associated with climate change, including evolving and increasing regulations, increasing global concern about climate change and the shift in climate conscious consumerism and stakeholder scrutiny, and increasing frequency and/or severity of adverse weather conditions could adversely affect our business.
  • Inability to meet or achieve our targets, goals, aspirations, initiatives, and our public statements and disclosures regarding them, including those that are related to sustainability matters, may expose us to risks that may adversely impact our business.
  • Breaches in data security and lapses in data privacy as well as disruptions and other damages to our principal offices, information technology operations and system networks and failure to keep pace with developments in technology may adversely impact our business operations, the satisfaction of our guests and crew and may lead to reputational damage.
  • The loss of key team members, our inability to recruit or retain qualified shoreside and shipboard team members and increased labor costs could have an adverse effect on our business and results of operations.
  • Increases in fuel prices, changes in the types of fuel consumed and availability of fuel supply may adversely impact our scheduled itineraries and costs.
  • We rely on supply chain vendors who are integral to the operations of our businesses. These vendors and service providers may be unable to deliver on their commitments, which could negatively impact our business.
  • Fluctuations in foreign currency exchange rates may adversely impact our financial results.
  • Overcapacity and competition in the cruise and land-based vacation industry may negatively impact our cruise sales, pricing and destination options.
  • Inability to implement our shipbuilding programs and ship repairs, maintenance and refurbishments may adversely impact our business operations and the satisfaction of our guests.
  • We require a significant amount of cash to service our debt and sustain our operations. Our ability to generate cash depends on many factors, including those beyond our control, and we may not be able to generate cash required to service our debt and sustain our operations.
  • Our substantial debt could adversely affect our financial health and operating flexibility.

The ordering of the risk factors set forth above is not intended to reflect our indication of priority or likelihood. Additionally, many of these risks and uncertainties are currently, and in the future may continue to be, amplified by our substantial debt balance incurred during the pause of our guest cruise operations. There may be additional risks that we consider immaterial or which are unknown.

Forward-looking statements should not be relied upon as a prediction of actual results. Subject to any continuing obligations under applicable law or any relevant stock exchange rules, we expressly disclaim any obligation to disseminate, after the date of this document, any updates or revisions to any such forward-looking statements to reflect any change in expectations or events, conditions or circumstances on which any such statements are based.

Forward-looking and other statements in this document may also address our sustainability progress, plans, and goals (including climate change and environmental-related matters). In addition, historical, current, and forward-looking sustainability- and climate-related statements may be based on standards and tools for measuring progress that are still developing, internal controls and processes that continue to evolve, and assumptions and predictions that are subject to change in the future and may not be generally shared.

CARNIVAL CORPORATION & PLC

CONSOLIDATED STATEMENTS OF INCOME (LOSS)

(UNAUDITED)

(in millions, except per share data)



Three Months Ended
August 31,


Nine Months Ended

August 31,


2024


2023


2024


2023

Revenues








  Passenger ticket

$         5,239


$         4,546


$      12,609


$      10,557

  Onboard and other

2,657


2,308


6,474


5,640


7,896


6,854


19,083


16,197

Operating Expenses








  Commissions, transportation and other

958


823


2,510


2,097

  Onboard and other

866


752


2,043


1,785

  Payroll and related

575


585


1,812


1,768

  Fuel

515


468


1,546


1,492

  Food

393


364


1,099


1,000

  Other operating

995


928


2,796


2,546

Cruise and tour operating expenses

4,303


3,921


11,805


10,688

Selling and administrative

763


713


2,366


2,162

Depreciation and amortization

651


596


1,898


1,774


5,718


5,230


16,070


14,624

Operating Income (Loss)

2,178


1,624


3,013


1,572

Nonoperating Income (Expense)








 Interest income

19


59


77


183

 Interest expense, net of capitalized interest

(431)


(518)


(1,352)


(1,600)

 Debt extinguishment and modification costs

(13)


(81)


(78)


(112)

 Other income (expense), net

(10)


(19)


(35)


(67)


(435)


(559)


(1,388)


(1,595)

Income (Loss) Before Income Taxes

1,743


1,065


1,626


(23)

Income Tax Benefit (Expense), Net

(8)


9


(13)


(3)

Net Income (Loss)

$         1,735


$         1,074


$         1,613


$            (26)









Earnings Per Share








Basic

$           1.37


$           0.85


$           1.27


$         (0.02)

Diluted

$           1.26


$           0.79


$           1.21


$         (0.02)

Weighted-Average Shares Outstanding – Basic

1,267


1,263


1,266


1,262

Weighted-Average Shares Outstanding – Diluted

1,399


1,396


1,398


1,262

CARNIVAL CORPORATION & PLC

CONSOLIDATED BALANCE SHEETS

(UNAUDITED)

(in millions, except par values)



August 31,
2024


November 30,
2023

ASSETS




Current Assets




Cash and cash equivalents

$              1,522


$              2,415

Trade and other receivables, net

632


556

Inventories

492


528

Prepaid expenses and other

980


1,767

  Total current assets

3,626


5,266

Property and Equipment, Net

42,380


40,116

Operating Lease Right-of-Use Assets, Net

1,383


1,265

Goodwill

579


579

Other Intangibles

1,173


1,169

Other Assets

665


725


$            49,805


$            49,120

LIABILITIES AND SHAREHOLDERS’ EQUITY




Current Liabilities




Current portion of long-term debt

$              2,214


$              2,089

Current portion of operating lease liabilities

159


149

Accounts payable

1,062


1,168

Accrued liabilities and other

2,393


2,003

Customer deposits

6,436


6,072

  Total current liabilities

12,265


11,481

Long-Term Debt

26,642


28,483

Long-Term Operating Lease Liabilities

1,258


1,170

Other Long-Term Liabilities

1,042


1,105





Shareholders’ Equity




Carnival Corporation common stock, $0.01 par value; 1,960 shares authorized; 1,253
     shares issued at 2024 and 1,250 shares issued at 2023

13


12

Carnival plc ordinary shares, $1.66 par value; 217 shares issued at 2024 and 2023

361


361

Additional paid-in capital

16,723


16,712

Retained earnings

1,798


185

Accumulated other comprehensive income (loss)

(1,894)


(1,939)

Treasury stock, 130 shares at 2024 and 2023 of Carnival Corporation and 73 shares at
     2024 and 2023 of Carnival plc, at cost

(8,404)


(8,449)

  Total shareholders’ equity

8,597


6,882


$            49,805


$            49,120

CARNIVAL CORPORATION & PLC

OTHER INFORMATION


OTHER BALANCE SHEET INFORMATION (in millions)

August 31, 2024


November 30, 2023

Liquidity

$                         4,519


$                         5,392

Debt (current and long-term)

$                      28,856


$                      30,572

Customer deposits (current and long-term)

$                         6,819


$                         6,353


Three Months Ended

August 31,


Nine Months Ended

August 31,

STATISTICAL INFORMATION

2024


2023


2024


2023

Passenger cruise days (“PCDs”) (in millions) (a)

28.1


25.8


76.0


67.8

ALBDs (in millions) (b)

25.2


23.7


71.7


68.1

Occupancy percentage (c)

112 %


109 %


106 %


100 %

Passengers carried (in millions)

3.9


3.6


10.3


9.3









Fuel consumption in metric tons (in millions)

0.7


0.7


2.2


2.2

Fuel consumption in metric tons per thousand ALBDs

29.5


31.1


31.0


32.3

Fuel cost per metric ton consumed (excluding EUA)

$             670


$             636


$             680


$             681









Currencies (USD to 1)








AUD

$            0.67


$            0.66


$            0.66


$            0.67

CAD

$            0.73


$            0.75


$            0.74


$            0.74

EUR

$            1.09


$            1.09


$            1.08


$            1.08

GBP

$            1.28


$            1.27


$            1.27


$            1.24

Notes to Statistical Information

(a) 

PCD represents the number of cruise passengers on a voyage multiplied by the number of revenue-producing ship
operating days for that voyage.

(b) 

ALBD is a standard measure of passenger capacity for the period that we use to approximate rate and capacity variances,
based on consistently applied formulas that we use to perform analyses to determine the main non-capacity driven factors
that cause our cruise revenues and expenses to vary. ALBDs assume that each cabin we offer for sale accommodates two
passengers and is computed by multiplying passenger capacity by revenue-producing ship operating days in the period.

(c) 

Occupancy, in accordance with cruise industry practice, is calculated using a numerator of PCDs and a denominator of
ALBDs, which assumes two passengers per cabin even though some cabins can accommodate three or more passengers.
Percentages in excess of 100% indicate that on average more than two passengers occupied some cabins.

CARNIVAL CORPORATION & PLC

NON-GAAP FINANCIAL MEASURES



Three Months Ended
August 31,


Nine Months Ended

August 31,

(in millions, except per share data)

2024


2023


2024


2023

Net income (loss)

$         1,735


$         1,074


$         1,613


$             (26)

(Gains) losses on ship sales and impairments

(6)


—


(6)


(54)

 Debt extinguishment and modification costs

13


81


78


112

     Restructuring expenses

9


1


20


16

     Other

—


20


—


43

Adjusted net income (loss)

$         1,751


$         1,176


$         1,705


$               90

  Interest expense, net of capitalized interest

431


518


1,352


1,600

  Interest income

(19)


(59)


(77)


(183)

  Income tax benefit (expense), net

8


(9)


13


3

  Depreciation and amortization

651


596


1,898


1,774

Adjusted EBITDA

$         2,822


$         2,221


$         4,890


$         3,285









Earnings per share – diluted (a)

$           1.26


$           0.79


$           1.21


$         (0.02)

Adjusted earnings per share – diluted (a)

$           1.27


$           0.86


$           1.27


$           0.07









Weighted-average shares outstanding – diluted 

1,399


1,396


1,398


1,262

(a) 

Diluted earnings per share includes the add-back of dilutive interest expense related to the company’s convertible notes
of $25 million and $73 million for the three and nine months ended August 31, 2024.


Three Months Ended
August 31,


Nine Months Ended

August 31,

(in millions)

2024


2023


2024


2023

Cash from (used in) operations

$         1,205


$         1,834


$         5,012


$         3,359

Capital expenditures (Purchases of Property and Equipment)

(578)


(837)


(4,034)


(2,609)

Proceeds from export credits

—


140


2,314


1,157

Adjusted free cash flow

$            627


$         1,137


$         3,292


$         1,906

(See Non-GAAP Financial Measures)

CARNIVAL CORPORATION & PLC
NON-GAAP FINANCIAL MEASURES (CONTINUED)

Gross margin per diems and net per diems were computed by dividing the gross margin and adjusted gross margin by PCDs. Gross margin yields and net yields were computed by dividing the gross margin and adjusted gross margin by ALBDs as follows:


Three Months Ended August 31,


Nine Months Ended August 31,

(in millions, except per diems and yields data)

2024


2024

Constant

Currency


2023


2024


2024

Constant

Currency


2023

Total revenues

$   7,896




$       6,854


$ 19,083




$     16,197

Less: Cruise and tour operating expenses

(4,303)




(3,921)


(11,805)




(10,688)

Depreciation and amortization

(651)




(596)


(1,898)




(1,774)

Gross margin

2,941




2,337


5,380




3,734

Less: Tour and other revenues

(181)




(172)


(222)




(216)

Add: Payroll and related

575




585


1,812




1,768

  Fuel

515




468


1,546




1,492

  Food

393




364


1,099




1,000

  Ship and other impairments

—




—


—




—

  Other operating

995




928


2,796




2,546

Depreciation and amortization

651




596


1,898




1,774

Adjusted gross margin

$   5,891


$   5,894


$       5,107


$ 14,307


$ 14,293


$     12,099













PCDs

28.1


28.1


25.8


76.0


76.0


67.8













Gross margin per diems (per PCD)

$ 104.49




$       90.45


$   70.80




$       55.04

% increase (decrease)

16 %






29 %





Net per diems (per PCD)

$ 209.28


$ 209.39


$     197.64


$ 188.30


$ 188.10


$     178.36

% increase (decrease)

5.9 %


5.9 %




5.6 %


5.5 %















ALBDs

25.2


25.2


23.7


71.7


71.7


68.1













Gross margin yields (per ALBD)

$ 116.77




$       98.50


$   75.05




$       54.85

% increase (decrease)

19 %






37 %





Net yields (per ALBD)

$ 233.87


$ 234.00


$     215.22


$ 199.60


$ 199.40


$     177.73

% increase (decrease)

8.7 %


8.7 %




12 %


12 %















(See Non-GAAP Financial Measures)

CARNIVAL CORPORATION & PLC
NON-GAAP FINANCIAL MEASURES (CONTINUED)

Cruise costs per ALBD, adjusted cruise costs per ALBD and adjusted cruise costs excluding fuel per ALBD were computed by dividing cruise costs, adjusted cruise costs and adjusted cruise costs excluding fuel by ALBDs as follows:


Three Months Ended August 31,


Nine Months Ended August 31,

(in millions, except costs per ALBD data)

2024


2024

Constant

Currency


2023


2024


2024

Constant

Currency


2023

Cruise and tour operating expenses

$   4,303




$       3,921


$ 11,805




$     10,688

Selling and administrative expenses

763




713


2,366




2,162

Less: Tour and other expenses

(105)




(112)


(174)




(190)

Cruise costs

4,962




4,522


13,998




12,660

Less: Commissions, transportation and other

(958)




(823)


(2,510)




(2,097)

  Onboard and other costs

(866)




(752)


(2,043)




(1,785)

Gains (losses) on ship sales and impairments

6




—


6




54

Restructuring expenses

(9)




(1)


(20)




(16)

Other

—




—


—




—

Adjusted cruise costs

3,134


3,138


2,946


9,430


9,421


8,817

Less: Fuel

(515)


(515)


(468)


(1,546)


(1,546)


(1,492)

Adjusted cruise costs excluding fuel

$   2,619


$   2,622


$       2,478


$   7,885


$   7,876


$       7,325













ALBDs

25.2


25.2


23.7


71.7


71.7


68.1













Cruise costs per ALBD

$ 196.98




$ 190.58


$ 195.29




$ 185.97

% increase (decrease)

3.4 %






5.0 %





Adjusted cruise costs per ALBD

$ 124.44


$ 124.56


$ 124.16


$ 131.56


$ 131.44


$ 129.51

% increase (decrease)

0.2 %


0.3 %




1.6 %


1.5 %



Adjusted cruise costs excluding fuel per ALBD

$ 103.97


$ 104.09


$ 104.42


$ 110.00


$ 109.87


$ 107.59

% increase (decrease)

(0.4) %


(0.3) %




2.2 %


2.1 %















(See Non-GAAP Financial Measures)







Non-GAAP Financial Measures

We use non-GAAP financial measures and they are provided along with their most comparative U.S. GAAP financial measure:

Non-GAAP Measure


U.S. GAAP Measure


Use Non-GAAP Measure to Assess

•  Adjusted net income (loss) and
   adjusted EBITDA


•  Net income (loss)


•  Company Performance

•  Adjusted earnings per share


•  Earnings per share


•  Company Performance

•  Adjusted free cash flow


•  Cash from (used in) operations


•  Impact on Liquidity Level

•  Net debt to adjusted EBITDA


—


•  Company Leverage

•  Net per diems


•  Gross margin per diems


•  Cruise Segments Performance

•  Net yields


•  Gross margin yields


•  Cruise Segments Performance

•  Adjusted cruise costs per ALBD and
   adjusted cruise costs excluding fuel
   per ALBD


•  Gross cruise costs per ALBD


•  Cruise Segments Performance

•  Adjusted ROIC


—


•  Company Performance

The presentation of our non-GAAP financial information is not intended to be considered in isolation from, as a substitute for, or superior to the financial information prepared in accordance with U.S. GAAP. It is possible that our non-GAAP financial measures may not be exactly comparable to the like-kind information presented by other companies, which is a potential risk associated with using these measures to compare us to other companies.

Adjusted net income (loss) and adjusted earnings per share provide additional information to us and investors about our future earnings performance by excluding certain gains, losses and expenses that we believe are not part of our core operating business and are not an indication of our future earnings performance. We believe that gains and losses on ship sales, impairment charges, debt extinguishment and modification costs, restructuring costs and certain other gains and losses are not part of our core operating business and are not an indication of our future earnings performance.

Adjusted EBITDA provides additional information to us and investors about our core operating profitability by excluding certain gains, losses and expenses that we believe are not part of our core operating business and are not an indication of our future earnings performance as well as excluding interest, taxes and depreciation and amortization. In addition, we believe that the presentation of adjusted EBITDA provides additional information to us and investors about our ability to operate our business in compliance with the covenants set forth in our debt agreements. We define adjusted EBITDA as adjusted net income (loss) adjusted for (i) interest, (ii) taxes and (iii) depreciation and amortization. There are material limitations to using adjusted EBITDA. Adjusted EBITDA does not take into account certain significant items that directly affect our net income (loss). These limitations are best addressed by considering the economic effects of the excluded items independently and by considering adjusted EBITDA in conjunction with net income (loss) as calculated in accordance with U.S. GAAP.

Adjusted free cash flow provides additional information to us and investors to assess our ability to repay our debt after making the capital investments required to support ongoing business operations and value creation as well as the impact on the company’s liquidity level. Adjusted free cash flow represents net cash provided by operating activities adjusted for capital expenditures (purchases of property and equipment) and proceeds from export credits that are provided for related capital expenditures. Adjusted free cash flow does not represent the residual cash flow available for discretionary expenditures as it excludes certain mandatory expenditures such as repayment of maturing debt.

Net debt to adjusted EBITDA provides additional information to us and investors about our overall leverage. We define net debt to adjusted EBITDA as total debt less cash and cash equivalents excluding a minimum cash balance divided by twelve-month adjusted EBITDA.

Net per diems and net yields enable us and investors to measure the performance of our cruise segments on a per PCD and per ALBD basis. We use adjusted gross margin rather than gross margin to calculate net per diems and net yields. We believe that adjusted gross margin is a more meaningful measure in determining net per diems and net yields than gross margin because it reflects the cruise revenues earned net of only our most significant variable costs, which are travel agent commissions, cost of air and other transportation, certain other costs that are directly associated with onboard and other revenues and credit and debit card fees.

Adjusted cruise costs per ALBD and adjusted cruise costs excluding fuel per ALBD enable us and investors to separate the impact of predictable capacity or ALBD changes from price and other changes that affect our business. We believe these non-GAAP measures provide useful information to us and investors and expanded insight to measure our cost performance. Adjusted cruise costs per ALBD and adjusted cruise costs excluding fuel per ALBD are the measures we use to monitor our ability to control our cruise segments’ costs rather than cruise costs per ALBD. We exclude gains and losses on ship sales, impairment charges, restructuring costs and certain other gains and losses that we believe are not part of our core operating business as well as excluding our most significant variable costs, which are travel agent commissions, cost of air and other transportation, certain other costs that are directly associated with onboard and other revenues and credit and debit card fees. We exclude fuel expense to calculate adjusted cruise costs excluding fuel. The price of fuel, over which we have no control, impacts the comparability of period-to-period cost performance. The adjustment to exclude fuel provides us and investors with supplemental information to understand and assess the company’s non-fuel adjusted cruise cost performance. Substantially all of our adjusted cruise costs excluding fuel are largely fixed, except for the impact of changing prices once the number of ALBDs has been determined.

Adjusted ROIC provides additional information to us and investors about our operating performance relative to the capital we have invested in the company. We define adjusted ROIC as the twelve-month adjusted net income (loss) before interest expense and interest income divided by the monthly average of debt plus equity minus construction-in-progress, excess cash, goodwill and intangibles.

Reconciliation of Forecasted Data

We have not provided a reconciliation of forecasted non-GAAP financial measures to the most comparable U.S. GAAP financial measures because preparation of meaningful U.S. GAAP forecasts would require unreasonable effort. We are unable to predict, without unreasonable effort, the future movement of foreign exchange rates and fuel prices. We are unable to determine the future impact of gains and losses on ship sales, impairment charges, debt extinguishment and modification costs, restructuring costs and certain other non-core gains and losses.

Constant Currency

Our operations primarily utilize the U.S. dollar, Australian dollar, euro and sterling as functional currencies to measure results and financial condition. Functional currencies other than the U.S. dollar subject us to foreign currency translational risk. Our operations also have revenues and expenses that are in currencies other than their functional currency, which subject us to foreign currency transactional risk.

Constant currency reporting removes the impact of changes in exchange rates on the translation of our operations plus the transactional impact of changes in exchange rates from revenues and expenses that are denominated in a currency other than the functional currency.

We report adjusted gross margin, net yields, net per diems, adjusted cruise costs excluding fuel and adjusted cruise costs excluding fuel per ALBD on a “constant currency” basis assuming the current periods’ currency exchange rates have remained constant with the prior periods’ rates. These metrics facilitate a comparative view for the changes in our business in an environment with fluctuating exchange rates.

Examples:

  • The translation of our operations with functional currencies other than U.S. dollar to our U.S. dollar reporting currency results in decreases in reported U.S. dollar revenues and expenses if the U.S. dollar strengthens against these foreign currencies and increases in reported U.S. dollar revenues and expenses if the U.S. dollar weakens against these foreign currencies.
  • Our operations have revenue and expense transactions in currencies other than their functional currency. If their functional currency strengthens against these other currencies, it reduces the functional currency revenues and expenses. If the functional currency weakens against these other currencies, it increases the functional currency revenues and expenses.

SOURCE Carnival Corporation & plc

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TICKETS ARE NOW LIVE FOR THE BOCA RATON’S “ARTISANS OF WINE & FOOD” PRESENTED BY CAPITAL ONE


Napa Valley’s most famous wine event will make its East Coast debut this winter, providing unparalleled access to prestigious winemakers and celebrated chefs from January 17 – 19, 2025

BOCA RATON, Fla., Sept. 30, 2024 /PRNewswire/ — South Florida’s iconic resort and private club, The Boca Raton, announces tickets are now live for its highly anticipated Artisans of Wine & Food weekend, taking place January 17-19, 2025. The first-of-its-kind event in partnership with the esteemed Napa Valley Vintners will bring together more than 75 winemakers, 20+ celebrated and Michelin-starred chefs, and immersive programming for a celebration of fine wine and food that promises to become a coveted annual tradition. Gourmands can purchase tickets for the event here.

Indulge in one-of-a-kind dining experiences at The Boca Raton's Artisans of Wine & Food event. (PRNewsfoto/The Boca Raton)
Indulge in one-of-a-kind dining experiences at The Boca Raton’s Artisans of Wine & Food event. (PRNewsfoto/The Boca Raton)

The multi-day experience, presented by Capital One, will be orchestrated by some of the world’s most renowned culinary minds such as legendary Chef David Breeden, famed Chef and Restaurateur Mario Carbone, and a dinner curated by an all-female line-up of top chefs matched with female-owned wineries/winemakers.

The weekend culminates with a gala where attendees will indulge in a four-course dinner artistically directed by Fabio Trabocchi, Michelin-Starred Chef and Restaurateur of Washington DC’s Fiola and Boca Raton’s Fiolina Ristorante. As the evening unfolds, guests will have the opportunity to bid on fine wines, luxury experiences, and bespoke getaways, in an exclusive auction hosted by international auctioneer Jacqueline Towers-Perkins.

“For the first time, we’re bringing the heart of Napa Valley to the East Coast in an unprecedented showcase of wine and culinary talent,” said Daniel A. Hostettler, President & CEO of The Boca Raton. “It’s a privilege to host these celebrated vintners and chefs, and we’ve crafted an extraordinary event for Club members and hotel guests to toast to a truly worthy cause.”

The wine auction’s proceeds will benefit the Boys & Girls Clubs of Palm Beach County and Napa Valley.  This charitable initiative highlights The Boca Raton’s dedication to supporting local neighborhoods and investing in youth development through educational and enrichment programs.

SCHEDULE HIGHLIGHTS INCLUDE:

Friday, January 17

  • Choose from a series of exclusive dinners hosted by celebrated vintners of Napa Valley:
    • The Great Cabernets of Napa Valley four-course dinner will showcase a modern interpretation of a chophouse menu with big bottle cabs, featuring Chefs Will Cox of The Boca Raton, Nathan Rich of Twin Farms, Chris Huerta of Old Edwards Inn, and Adam Young of Sift Bake Shop.
    • At Bella Notte, dine like family during an Italian feast by James Beard Award-winning Master Chef Mario Carbone of Michelin-starred restaurants Carbone and ZZ’s Clam Bar.
    • Dinner En Plein Air is curated by female vintners and Relais & Châteaux chefs, Jennifer Backman of The Inn at Castle Hill, Sarah Steffan of Blackberry Farm, and Lindsay Autry of Honeybelle – PGA National, with a dessert course by Pastry Chef Jessica Quiet of Ocean House.
    • The Premiere Napa Valley Dinner offers a barrel tasting of Napa Valley’s rarest micro-lot wines, an opportunity to select and wear Lugano Diamonds during the tasting, and indulge in a multi-course menu by Michelin-starred Chef Stéphane Andrieux of Château de la Treyne and Sebastien Feneyrol of The Boca Raton.
    • A Culinary Celebration of Caviar dinner with Executive Chef Edgar Panchernikov boasts dishes from the world’s only Michelin-starred caviar house Caviar Russe.
    • Icons of Napa Valley offers an intimate, al fresco dining experience showcasing exceptional Napa Valley wines with menus prepared by Chef David Breeden, former Chef de Cuisine at The French Laundry–a role he held for nearly 20 years.
    • Latin Flavors four-course dinner by Chef Adriano Venturini of Eden Roc Cap Cana, a Relais & Châteaux resort in the Dominican Republic.
    • An Argentine Asado BBQ served on The Boca Raton’s fairway, features food stations and dishes using traditional asado techniques and modern twists, live music, and single-site wines.
  • An Artisans After Hours event presents chef-curated hors d’oeuvres, alongside premium wines and music by Vintner and DJ Jason Lede. Close out the day in style while mingling with winemakers and celebrated chefs.

Saturday, January 18

  • Vintners Invitational Golf Tournament: Play side by side with vintners and chefs for prizes provided by Bugatchi and TaylorMade, complete with continental breakfast at The Boca Raton Golf Club.
  • Winemaker Series: Seven different intimate educational tastings led by Napa Valley’s renowned winemakers and vintners. Take part in discussions that spotlight the unique terroir and signature wines of the region, featuring BOND Wine, Groth Vineyards & Winery, Oakville, among several others. Topics include Mountain vs. Valley Floor, a Riedel performance tasting, wine & caviar pairings, and more.
  • The Discover Napa Valley Tasting Pavilion featuring more than 125 world-class wines and over 20 restaurants: Guests can drift through the tented Grand Lawn and relish in great sips and decadent tastings along the way.
  • Modern Meritage on the Spanish Terrace: 12 celebrated chefs prepare their personal favorite burger recipes paired with craft beer in an al fresco setting.
  • Yacht Tour of Lake Boca: Enjoy a one-hour charter on open water accompanied by a vintner for relaxed and intimate conversations while indulging in world-class wines.
  • Sip & Shop with Worth Avenue: Sip on sparkling wine and rosé while browsing through the collection of six high-end boutiques from Palm Beach’s famed Worth Avenue. Boutiques include Brioni, Carolina Herrera, Anne Fontaine, among others.
  • Artisans of Wine & Food Charity Auction and Gala featuring a four-course dinner directed by Fabio Trabocchi, Michelin-Starred Chef and Restaurateur of Washington DC’s Fiola and Boca Raton’s Fiolina Ristorante: Bid on artisan-crafted bottles, luxurious delights, and bespoke getaways. Auction led by globally-recognized auctioneer Jacqueline Towers-Perkins, with proceeds benefiting the Boys & Girls Clubs of Palm Beach County and Napa Valley.

Sunday, January 19

  • To the South with Love is a Southern brunch experience hosted by International BBQ Entertainer Jack Arnold and a curated selection of Palm Beach restaurants. Delight in a final send-off, complete with live jazz music, and a sparkling wine bar.

Stay up to date on news and developments at ArtisansofWineandFood.com. Follow along on social media @artisansofwineandfood.

The Boca Raton
The Boca Raton originally opened in 1926 as The Ritz-Carlton Cloister Inn. In the 2020s, it celebrates its most remarkable evolution and its 100th anniversary. The property provides year-round escape, exclusively for members of The Boca Raton Club and resort guests. Five hotels amid 200 waterfront acres include Cloister, Yacht Club, Beach Club, Tower, and Bungalows. The unveiling of Beach Club in December 2024 marks a major milestone in The Boca Raton’s storied history, serving as Phase II of the resort’s transformation. The Boca Raton’s culinary offerings showcase a world of flavor, with signature restaurants in partnership with Major Food Group. Resort amenities include a private beach, the Forbes Five-Star Spa Palmera, an 18-hole golf course, a full-service marina, Racquet Club with 14 tennis courts and 12 pickleball courts, retail shops, seven swimming pools, and various water activities at Harborside Pool Club, state-of-the-art fitness clubs and wellness collaborations. For reservations, call (561) 447-3000 or visit TheBocaRaton.com.

Capital One
At Capital One, we’re on a mission for our customers – bringing them best-in-class products, rewards, service, and experiences. Capital One is a diversified bank that offers products and services to individuals, small businesses, and commercial clients. We use technology, innovation, and interaction to provide consumers with products and services to meet their needs. Through Capital One Dining and Capital One Entertainment, we provide our rewards cardholders with access to unforgettable experiences in the areas they’re passionate about, including dining, music, sports and the arts. Learn more at capitalone.com/dining and capitalone.com/entertainment.

About the Napa Valley Vintners 
The Napa Valley Vintners nonprofit trade association has been cultivating excellence since 1944 by inspiring its nearly 550 members to consistently produce wines of the highest quality, provide environmental leadership and care for the extraordinary place they call home. NVV has invested more than $230 million in community healthcare, youth development and the environment in Napa County, and is dedicated to improving diversity and championing inclusivity in its community and in the wine industry. Learn more at napavintners.com. 

SOURCE The Boca Raton

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