Costco sold an around-the-world cruise for 3,000

Costco sold an around-the-world cruise for $293,000

Costco sold an around-the-world cruise booking through Costco Travel for $293,000.

That revelation came Thursday when CFO Gary Millerchip provided some “fun facts” about the exclusive travel service for Costco members during the warehouse store’s first-quarter earnings conference call.

“Our largest cruise booking last year was a 150-day around-the-world cruise that departed from Fort Lauderdale and stopped in places like the Galapagos Islands and Easter Island,” he told analysts and investors.

Costco storefront

Costco sold an around-the-world cruise for $293,000. (Justin Sullivan/Getty Images/Getty Images)

According to Costco’s CFO, the owner’s suite cabin on the ship was booked for two people for the six-figure price.

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“The total price was $293,000 for two people in the Owner’s Suite cabin and the additional benefits of the booking included a $13,000 onboard credit and the $25,000 Costco Shop Card,” he said.

The CFO did not provide any information about which cruise line operated the long vacation.

“We offer a wide range of vacation packages, car rentals, cruises, hotels, flights and other travel-related services,” Millerchip said on the conference call. “In addition to extremely competitive rates, many of our deals include a Costco Shop Card as additional value for booking at Costco.”

Costco membership card

Costco members can use Costco Travel for their travel and vacation needs. (Marlene Awaad/Bloomberg via Getty Images / Getty Images)

Consumers can use Costco Shop Cards to pay for a warehouse retailer membership and the various items Costco sells.

COSTCO’S “NETFLIX MOMENT” BIG WIN

Millerchip also noted during the call that members who use Costco Travel “spend approximately twice as much as members who do not use these services.”

Costco Travel also saw a staggering number of rental cars last year.

Shoppers load their cars in front of a NJ Costco

Shoppers are seen outside a Costco store in Bayonne, New Jersey on December 9, 2023. (Angus Mordant/Bloomberg via Getty Images / Getty Images)

“Last year we sold enough rental cars to fill every U.S. Costco parking lot 8.5 times,” the executive reported.

COSTCO IS SELLING A 175 PIECE LE CREUSET COOKWARE SET WITH A HIGH PRICE

Costco’s U.S. footprint included over 600 locations at the end of the first quarter. There are also more than 270 locations in other countries.

ticker Security Last Change Change %
COST COSTCO WHOLESALE CORP. 971.88 +10.33

+1.07%

The warehouse retailer generated revenue of $62.15 billion in the first quarter. About $60.98 billion of that came from net sales, while membership contributions accounted for about $1.17 billion.

According to Costco, around 138.8 million people have a Costco membership card.

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