Earlier this month, Costa Cruise’s CEO, Michael Thamm, announced the line would absorb the smaller Ibero Cruises into the Costa brand by the end of the year. The announcement was made public at a travel agent conference aboard the Costa Luminosa earlier this month.
Ibero Cruises is Spain’s second largest cruise line, behind Royal Caribbean Ltd.’s Pullmantur Cruises, and a subsidiary of Carnival Corporation. The cruise line itself, while owned by Carnival Corporation, is under the executive control of Costa Cruises. The decision to absorb Ibero into the Costa brand will allow Costa to significantly expand in the Spanish cruise market, a market Costa has been eyeing for some time.
Ibero’s transition into Costa will take place over the course of this year. Costa has stated Ibero will continue to operate under its own brand until at least the