Princess Cruises, a cruise line based in the United States, is owned by Carnival Corporation & plc, which has owned it since 2003. It is part of the Holland America Group, which includes other lines such as Seabourn, P&O Cruises Australia, and Holland America Line. Princess Cruises accounts for almost 20% of Carnival Corporation’s annual share.
“Princess Cruises, founded in 1965, became famous through the TV series The Love Boat, which featured its ship, the Pacific Princess. The company is based in Santa Clarita, California, and is registered in Bermuda.”
In 2014, the Regal Princess, a sister ship to the Royal Princess, joined the fleet, enhancing the luxury travel experience of Princess cruise ships. With a million passengers, Princess Cruises continues to grow in revenue, affirming its top position in the industry.
Who is the President of Princess Cruises ?
In 2021, John Padgett became the President of Princess Cruises, succeeding Jan Swartz. Previously, he served as the Chief Experience and Innovation Officer at Carnival Corporation. In his new role, Padgett collaborates with the Group President of the Holland America Group.
Princess Cruises History
1: Origins – 1965 to 1974
In 1965, Stanley McDonald founded Princess Cruises by chartering the Princess Patricia and began offering Mexican Riviera cruises out of Los Angeles. This ship initially lacked modern air-conditioning and so the purpose-built ship, Italia, was added to the fleet.
By 1973, the Carla C., originally part of the Costa Cruise Line, joined the fleet, expanding Princess Cruises’ offerings and solidifying its place in the industry.
2: As Part of P&O – 1974 to 2000
In 1974, the Peninsular & Oriental Steam Navigation Company (P&O) from Britain acquired Princess Cruise Lines and provided the line with its first owned ship, the Spirit of London, which was subsequently renamed the Sun Princess.
“Over the following 25 years, the cruise line expanded, and the Pacific Princess gained fame as the setting for the TV show The Love Boat, with Lauren Tewes playing the role of Julie McCoy. In 1988, P&O bought the Italian Sitmar Line and added most of its ships to the Princess brand.”
In the 90s, Princess Cruises updated its fleet with new cruise ships and sent older ones to P&O Cruises Australia. In 1998, they launched the Grand Princess, the largest cruise ship in the world at that time.
3: As Part of P&O Princess Cruises – 2000 to 2003
In 2000, P&O established P&O Princess Cruises as a spin-off company, expanding its fleet. The Coral Class ships were added, designed for Panama Canal crossings.
The Pacific Princess then left the fleet in 2002, marking a significant change in the size of the Princess fleet and its passenger division.
4: As Part of the Carnival Corporation & Plc – 2003 Onwards
In 2003, P&O Princess Cruises merged with Carnival Corporation in a $5.4 billion deal, creating Carnival Corporation & plc. This newly formed entity is dual-listed in both the US and the UK.
Sub-companies were established, with Carnival UK managing Cunard Line and P&O Cruises, while the Holland America Group was formed to include Princess Cruises, HAL, and other brands.
Does Princess Cruises Have Stock?
Princess Cruises does not issue its own stock. To invest in the company, you would need to buy shares of Carnival Corporation & plc, its parent company. Carnival Corporation & plc is listed on both the New York Stock Exchange and the London Stock Exchange.
In New York, Carnival Corporation trades under the symbol CCL as common stock, and Carnival plc trades as an ADS under the symbol CUK. In London, Carnival plc is listed under the symbol CCL.
How to Purchase Princess Cruises Shares
To buy shares in Princess Cruises, you need to purchase Carnival Corporation stock. You can do this through a stockbroker, either via a platform or an individual, who will handle the transaction.
There are two kinds of stockbrokers:
- Full-service
- Online/discount
If your goal is solely to invest in Princess Cruises, an online/discount stockbroker is sufficient, as you won’t need the additional advice and services of a full-service broker. It’s difficult to recommend the best platform, but shares can be purchased through etoro, which is widely used, has 20 million users, positive reviews, and low fees.
Many brokerage platforms are available online, but it’s important to research and check reviews to ensure you select a reputable company. If you hold a minimum of 100 shares in Carnival Corporation, you will receive free onboard credit for each Princess Cruises sailing.
“For sailings of 14 days or more, the credit is $250 for 7 to 13 days, it’s $100 and for 6 days or less, it’s $50. UK sailings offer equivalent amounts in pounds. Before 2020, the price of Carnival Corporation shares was much higher, with 100 shares costing more than $5,000.”
Frequently Asked Questions
What is The Princess Cruises Head Office Address?
Princess Cruises has its headquarters at 24305 Town Center Dr in Santa Clarita, United States, and operates from two office locations.
What is Princess Cruises Known For?
Princess Cruises, a leading name in the cruise industry, launched in 1965 with one ship traveling to Mexico. It has since grown into the world’s third-largest cruise line, known for its cutting-edge ships, variety of onboard activities, and excellent customer service.
Who is the Owner of Princess Cruise Line?
Princess Cruises is owned by Carnival Corporation & plc, one of the largest cruise companies in the world.
Who is the Owner of Princess Cruises in Australia?
Princess Cruises, part of Carnival Corporation & plc, is an American cruise line based in Santa Clarita, California, and incorporated in Bermuda. As of 2021, it holds the position of the second largest cruise line by net revenue.
What is the Princess Cruises Logo Meaning?
As one of the most iconic logos in the cruise industry, the design captures the fluid and elegant movement of ocean waves, symbolizing the excitement and adventure of discovering top global destinations on a Princess cruise vacation.