TUI Group delivers strong cruise performance

2018-08-30T11:41:39+00:00 August 30th, 2018|Finance|

TUI Group’s three cruise brands – TUI Cruises, Marella Cruises and Hapag-Lloyd Cruises – delivered an impressive third quarter fiscal year performance, according to a TUI Group presentation.

“Cruises delivered a very strong performance in Q3, with additional capacity in TUI and Marella Cruises, and a significant increase in yield in all three brands reflecting the strength of demand, the benefit of new ship launches and improvement in itinerary mix,” the company said.

TUI saw its cruise turnover increase to €227 mill from €214 mill.

The average daily rate rose from €183 to €200 on the TUI brand, while Marella also posted a notable increase, rising to €138 euro from €126 and Hapag-Lloyd from an average daily rate of €562 to €57, while increasing occupancy to 75.6% from 73.1%.

In cruises we have a strong pipeline of new launches for TUI Cruises, Marella Cruises and Hapag-Lloyd Cruises in the coming years. Demand for our cruises remains very strong, with yields continuing to grow in 2018 and 2019, TUI said.

As the ‘Marella Spirit’ leaves the fleet in November this year, the Marella brand will become fully inclusive starting in 2019.

Hapag-Lloyd will get two new expedition newbuildings in 2019, followed by a third sistership in 2021.
As for the TUI brand, new ships will be delivered in 2019, 2023, 2024 and 2026.