Costa Favolosa is a cruise ship ordered for Costa Crociere in October 2007. Based on the Concordia class design, Costa Favolosa was laid down by Fincantieri's Marghera shipyard on 5 November 2009 and launched on 6 August 2010. Part of a five-ship expansion of the Costa Crociere fleet, the vessel entered service in July 2011.

Costa Favolosa cost €510 million to build.