Carnival Unveils Celebration Key, New Bahamas Destination

Carnival Corporation & plc (NYSE:CCL) is one of the most undervalued stocks to buy and hold for 3 years. On July 19, Carnival Cruise Line officially opened Celebration Key, which is its new exclusive destination on Grand Bahama in The Bahamas. The Carnival Vista, carrying ~5,000 guests, made the inaugural visit to the new premier cruise port. The opening marks the first phase of Carnival’s initial $600 million investment in the destination.

Celebration Key is designed with five distinct areas: Paradise Plaza, Starfish Lagoon, Calypso Lagoon, Pearl Cove Beach Club, and Lokono Cove. Celebration Key is projected to initially attract over two million guests annually to Grand Bahama, with this number expected to double to four million by 2028.

More than 1,200 Bahamians have been hired to staff the destination, with many being Grand Bahama natives returning home after Hurricane Dorian in 2019.

Carnival Corporation & plc (NYSE:CCL) is a cruise company that provides leisure travel services in North America, Australia, Europe, and internationally.

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Disclosure: None. This article is originally published at Insider Monkey.