Carnival Cruises 2014 Annual Report Download - page 54

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Our North America brands’ capacity increase was caused by:
– the full year impact from one Princess 3,560-passenger capacity ship delivered in 2013;
– the partial year impact from one Princess 3,560-passenger capacity ship delivered in 2014 and
– fewer ship dry-dock days in 2014 compared to 2013.
In 2013, we had a 2.9% capacity increase in ALBDs compared to 2012 comprised of a 3.4% and 2.5%
capacity increase in our EAA brands and North America brands, respectively.
Our EAA brands’ capacity increase was caused by:
– the full year impact from one AIDA 2,194-passenger capacity ship and one Costa 2,984-passenger
capacity ship both delivered in 2012;
– the partial year impact from one AIDA 2,194-passenger capacity ship delivered in 2013 and
– fewer ship dry-dock days in 2013 compared to 2012.
These increases were partially offset by the full year impact from the removal of two Costa ships and
the sale of one P&O Cruises (Australia) 1,462-passenger capacity ship all in 2012.
Our North America brands’ capacity increase was caused by:
– the full year impact from one Carnival Cruise Line 3,690-passenger capacity ship delivered in
2012 and
– the partial year impact from one Princess 3,560-passenger capacity ship delivered in 2013.
These increases were partially offset by more ship dry-dock days in 2013 compared to 2012.
(c) In accordance with cruise industry practice, occupancy is calculated using 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.
2014 Compared to 2013
Revenues
Consolidated
Cruise passenger ticket revenues made up 75% of our 2014 total revenues. Cruise passenger ticket revenues
increased by $241 million, or 2.1%, to $11.9 billion in 2014 from $11.6 billion in 2013.
This increase was caused by:
– $309 million – 2.7% capacity increase in ALBDs and
– $102 million – foreign currency translational impact from a weaker U.S. dollar against the euro and sterling,
net of a stronger U.S. dollar against the Australian dollar (“2014 net currency impact”).
These increases were partially offset by:
– $114 million – 1.0 percentage point decrease in occupancy and
– $37 million – decrease in cruise ticket pricing.
The remaining 25% of 2014 total revenues were substantially all comprised of onboard and other cruise
revenues, which increased by $182 million, or 5.1%, to $3.8 billion in 2014 from $3.6 billion in 2013. This
increase was principally due to our 2.7% capacity increase in ALBDs, which accounted for $96 million, and
higher onboard spending by our guests, which accounted for $92 million, partially offset by a 1.0 percentage
point decrease in occupancy, which accounted for $36 million. Onboard and other revenues included concession
revenues of $1.1 billion in both 2014 and 2013.
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