Carnival is in the midst of further global expansion and is bullish on China and the Middle East, among other regions.
"China someday is going to be the largest cruise market in the world," said Arnold Donald, CEO of Carnival Corporation ( CCL - Get Report) . "There's no question about that and the question is what role are we going to play and how are we going to participate."
When asked what inning Carnival is in for the China cruise market, Donald said it's "spring training" - that is, the game hasn't even begun yet.
Carnival Corporation shares are down roughly 2.6% since the start of the year, but have added almost 5% over the past 12 months.
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