Carnival Corporation invests in Alaskan port and tourism business

Carnival Corporation invests in Alaskan port and tourism business

Port, railway and retail operations in Skagway, Alaska are being taken over by Carnival Corporation.

The deal, for an undisclosed sum, is being carried out through the cruise giant’s Holland America Princess Alaska Tours subsidiary.

A joint venture is being created with Alaskan firm Survey Point Holdings to become the managing partner of the port, White Pass Scenic Railway associated retail businesses that Carnival Corporation is acquiring from local firm TWC Enterprises.

The partners plan to invest in the business, which will enable continued economic development and job growth in Skagway and the surrounding region, according to Carnival Corporation.

This will make “a positive impact on the local economy and further benefitting the Alaska tourism industry”.

The investments include support for expansion of docking facilities to accommodate the newest generation of cruise ships, a key to the Skaway port’s long-term success.

An affiliate of Survey Point will own a majority stake in the business with Carnival Corporation retaining a minority position.

Stein Kruse, group chief executive of Carnival Corporation’s Holland America Group and Carnival UK, said: “As the gateway to the legendary Klondike Gold Rush region, Skagway is beloved by our guests and crew for its warm hospitality and distinctively Alaskan array of sightseeing and recreational activities.

“We are delighted that the Skagway port will continue to be locally owned and independently operated by an Alaskan company.

“Along with Survey Point, we have a long and valued history in Alaska, and remain very committed to the continued development and success of the entire region as one our most popular destinations.”

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