Carnival Cruises 2013 Annual Report Download - page 105

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Table of Contents
Gross cruise costs increased $473 million, or 4.0% to $12.4 billion in 2013 from $11.9 billion in 2012 for principally the same reasons as discussed above.
2012 Compared to 2011
Revenues
Consolidated
Cruise passenger ticket revenues made up 76% of our 2012 total revenues. Cruise passenger ticket revenues decreased by $500 million, or 4.1%, to $11.7
billion in 2012 from $12.2 billion in 2011.
This decrease was caused by:
• $434 million – decrease in cruise ticket pricing;
• $282 million – a stronger U.S. dollar against the euro and sterling, net of a weaker U.S. dollar against the Australian dollar (“2012 net currency
impact”) and
• $82 million – slight decrease in occupancy.
These decreases were partially offset by:
• $348 million – 2.9% capacity increase in ALBDs.
Our cruise ticket pricing and occupancy were affected by the direct and indirect consequences of the 2012 Ship Incident and the challenging economic
environment in Europe.
The remaining 24% of 2012 total revenues were substantially all comprised of onboard and other cruise revenues, which increased by $156 million, or 4.6%,
to $3.5 billion in 2012 from $3.4 billion in 2011.
This increase was caused by:
• $96 million – 2.9% capacity increase in ALBDs;
• $51 million – higher onboard spending by our guests and
• the change in the accounting for our North America cruise brands and Tour and Other segments (See Note 11 – “Segment Information” in the
accompanying consolidated financial statements for a further discussion).
These increases were partially offset by:
• $58 million – 2012 net currency impact and
• $23 million – slight decrease in occupancy.
Onboard and other revenues included concession revenues of $1.1 billion in 2012, which were flat compared to 2011.
North America Brands
Cruise passenger ticket revenues made up 74% of our 2012 total revenues. Cruise passenger ticket revenues increased by $123 million, or 1.8%, to $6.9
billion in 2012 from $6.8 billion in 2011. This increase was caused by our 3.4% capacity increase in ALBDs, which accounted for $229 million, partially
offset by a decrease in cruise ticket pricing, which accounted for $59 million, and a decrease in air transportation revenues from guests who purchased their
tickets from us, which accounted for $39 million. Our cruise ticket pricing was affected by the indirect consequences of the 2012 Ship Incident.
The remaining 26% of 2012 total revenues were comprised of onboard and other cruise revenues, which increased $214 million, or 9.9%, to $2.4 billion in
2012 from $2.2 billion in 2011. This increase was substantially due to our 3.4% capacity increase in ALBDs, which accounted for $73 million, higher
onboard spending by our guests, which accounted for $42 million, and the change in the accounting for our North America cruise brands and Tour and Other
segments. Onboard and other revenues included concession revenues of $727 million in 2012 and $681 million in 2011.
EAA Brands
Cruise passenger ticket revenues made up 82% of our 2012 total revenues. Cruise passenger ticket revenues decreased by $621 million, or 11%, to $4.8
billion in 2012 from $5.4 billion in 2011.
This decrease was caused by:
• $354 million – decrease in cruise ticket pricing;
• $282 million – 2012 net currency impact and
• $110 million – 2.1 percentage point decrease in occupancy.
F-46