carnival ceo arnold donald is not convinced. there will be a lot of people who will not want to sail on quantum of the seas. that's not how they want to look for an amusement park. that's not how they want to spend their time. betty: you don't see it as a game changer. arnold: i see it as a game changer in certain features on board a ship. but in terms of a game changer for the industry, every new ship is a game changer. quantum of the seas in the contemporary category, where people are looking for lots of activities and that kind of stuff, a mall of america type of experience. it is a game changer for that type of experience. betty: arnold called quantum of the seas the mall of america of ships. richard: i am not going to comment on what he said. i think you will have trouble finding a mall on board. betty: the one thing both ceos believe, the incident that cast a shadow over the industry is -- the industry are a thing of the past, and the bargain ticket that convinced passengers to set sail, a discount of 80%, may go away. rich

. >> arnold donald sits on two corporate boards. carnival corporation and the bank of america.ise has been watching him and a handful of african americans that serve as directors of major corporations. in it's annual report a study revealed in 2012 that white men held 75% of s&p 500 board seats versus a mere 5.5% for black men and a 1.9% for black women. this year black enterprise counted 182 black directors at 176 corporations versus the year prior with 179 directors at 174 corporations and in 2014, 30% didn't have a single blackboard member. diversity on corporate boards matter. >> that's critical to innovation. it's truly a business. >> arnold donald's board preis charting the course for the largest cruise line industry. >> 60% plus of today's population are women in minorities. 60%. so that the customers of these companies are women and minorities and so to reflect their own markets to have that thinking and diversity of thinking representing their own customers at the top of the corporate pyramid which is the board of directors. >> donald wants to see more african american

is that going to be a holy grail that i heard from arnold donald and richard fain that china is the nextchina is the next big thing, and they are moving over there. it is the next big thing, and they see it as a link campus because they can to this industry pretty much however they want. there is no history of cruising in thailand, so you have got a new product with a huge population. betty: you raise a good point, hearing carnival say that they will have nine new ships over the next decade. how many of those do you think will actually be in china? justin: i would not be surprised if four or five of those go to china. they want to have brand-new ships over there, just like the competitor, royal caribbean, is doing now. a second brand-new ship is going into china. it is not just the quantum but the second quantum ship as well as to the chinese definitely want to the new product will sub they do not want an older ship that sailed north america. betty: right, they want all the bells and whistles. there could be no better place for the chinese than a cruise ship. i was there, i went on the h

let's get to our exclusive interview with car nal ceo arnold donald.color around the quarter. obviously wall street loved the numbers. was it stronger demand and how much of it was helped from lower fuel costs? >> well the reality is very little was helped from lower fuel costs. we beat guidance by quite a bit, by 11 cents. 6 cents of it was definitely higher operating performance. driven by yields and demand in both europe and north america. a lot of on board revenue increases on the ships as well as some ticket yield improvement. >> and arnold i know my colleague simon hobbs, our travel and leisure guru, would kill me if i didn't ask you about revenue yields. it looks like when it comes to the outlook and guidance that yield number was higher than analysts were looking for. can you explain what's driving that? >> yeah. we'll have yield increases and current currency of 3% to 4% for the year. that's a full point higher than what we had given in the december guidance. it's being driven by demand creation great on board experiences, and just outstanding