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Carnival raises annual profit forecast on resilient cruise demand, high costs loom

By Neil J Kanatt (Reuters) -Carnival Corp raised its annual profit forecast on Monday, leaning on strong demand and higher ticket prices for its cruise vacations to offset mounting costs. The cruise operator has been investing heavily to offer more unique and private experiences by expanding its portfolio to meet strong demand for exclusive destinations. These included a $600 million investment in Celebration Key, an ambitious private resort destination on Grand Bahama, to help maintain its competitive e ...