By Granth Vanaik and Doyinsola Oladipo(Reuters) -Carnival Corp raised its annual revenue forecast on Tuesday for the second time this yr, banking on greater costs for its itineraries and sustained demand from Individuals for cruise holidays.The corporate’s U.S.-listed shares, which have fallen greater than 11% this yr, rose 6.71% to $17.48.2024 has been a report yr for cruise operators, with reserving volumes hitting an all-time excessive as vacationers proceed to hunt out newer experiences and enjoyable actions at reasonably priced charges, giving firms room to hike ticket costs to offset elevated working prices.”The corporate continues to expertise sturdy bookings momentum pushed by report reserving volumes for 2025 sailings,” Carnival CEO Josh Weinstein mentioned.”Whereas nonetheless early, the cumulative superior booked place for full yr 2025 is even greater than 2024 in each value (in fixed foreign money) and occupancy.”Carnival’s whole buyer deposits throughout the second quarter reached an all-time excessive of $8.3 billion, surpassing the earlier report by $1.1 billion, the corporate mentioned.The cruise operator reported a second-quarter revenue of seven cents per share. Analysts had anticipated a lack of 2 cents per share, in keeping with LSEG knowledge.”Carnival’s web debt stays stubbornly excessive at $27.7 billion,” Derren Nathan, fairness analyst at Hargreaves Lansdown, mentioned.”With the second quarter usually being the strongest for money era there might not be an excessive amount of additional motion (in decreasing debt) this yr.”Carnival mentioned it pay as you go $1.6 billion of debt throughout the second quarter on the again of sturdy liquidity and improved monetary efficiency.Cruise prices per accessible decrease berth day, or the passenger capability of a ship whereas it’s crusing and in service, rose 4% throughout the second quarter.Carnival now expects 2024 adjusted revenue per share of about $1.18, in contrast with its earlier forecast of 98 cents.Rivals Royal Caribbean Group and Norwegian Cruise Line have additionally raised their annual revenue targets in latest months.(Reporting by Granth Vanaik in Bengaluru and Doyinsola Oladipo in New York; Enhancing by Shounak Dasgupta)