February 24, 2010 / 3:48 PM / 8 years ago

CORRECTED - CORRECTED-Carnival Cruise Lines to raise summer prices by up to

(Corrects headline and text to show that all price and booking references apply only to Carnival Cruise Lines and not to rest of parent company Carnival Corp’s operations)

Feb 24 (Reuters) - Carnival Corp & Plc’s (CCL.N) (CCL.L) flagship unit Carnival Cruise Lines said it will increase its prices by up to 5 percent for all summer sailings, following strong wave season bookings at the cruise operator.

The wave season, traditionally the busiest booking period for the cruise industry, runs from about mid-January through early spring.

“While pricing hasn’t fully recovered to 2008 levels, we are increasing prices and will implement an across-the-board increase effective March 22,” Carnival Cruise Lines Chief Executive Gerry Cahill said in a statement.

For the period from Jan. 1 through Feb. 21, Carnival Cruise Lines said bookings were at unprecedented levels for the line’s 22 ships.

The company said the growth in bookings was helped by strong travel agent partner support, marketing initiatives, and close-to-home departure points.

Last month, Carnival Corp rival Royal Caribbean Cruises Ltd (RCL.N) RCL.OL posted a surprise fourth-quarter profit, helped by recent additions to its now 38-ship fleet. [ID:nLDE60Q1WN]

Shares of Miami-based Carnival Corp were up 3 percent at $34.69 Wednesday morning on the New York Stock Exchange. (Reporting by Vidya Lakshmi in Bangalore; Editing by Anthony Kurian)

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