The two Germany based cruise brands of TUI AG, the world’s largest travel company, have reported strong performance for the latest financial year, helped by turnaround of Hapag-Lloyd Kreuzfahrten
Hapag-Lloyd Kreuzfahrten, the luxury and expedition cruise unit that it 100% owned by TUI AG, increased its turnover ny 8.6% to €296.7 million. Average daily rate increased to €579 per person and occupancy rate increased by a fraction, to 76.8% rom 76.2%/
The premium market focused TUI Cruises, of which TUI AG owns half and Royal Caribbean Cruises Ltd (RCCL) the other half, recorded an improvement in daily rate to €171 from €169, while occupancy ratio dropped by 0.1 percentage points to 102.6%.
The group’s cruising activities generated a return on invested capital of 21.3%, which was four percentage points more than in the previous financial year. In the 2014-15 financial year, the figure was just 3.3% due to problems at Hapag-Lloyd Kreuzfahrten, which have since been dealt with.
Thomson Cruises in the UK, which is fully owned by the group, is not included in these figures, as it is part of the Northern Region business segment of the group.
