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TUI reports strong demand as cruise revenues, EBITDA increase

TUI AG, the German travel company which is listed in London, has reported strong demand for all its three cruise brands and highe revenues plus EBITDA.

In the second quarter of its financial year to the end of March, cruise revenues rose to €203.3 million from €194.0 million, while EBITDA increased to €54.9 million from €46.9 million.

In the first six months of the financial year, cruise revenues rose to €395.6 million from €345.9 million and EBITDA to €92.4 million from €75.0 million.

TUI Cruises obtained an average daily rate per passenger of €147, which was 2% lower than in the same period last year, but came against a 21.8% rise in the number of passenger days, to 1.25 million.

Marella Cruises in the UK obtained an average rate of €143, which was 9.2% more than year on, but the number of passenger days decreased by 0.6%, to 558,800. Hapag-Lloyd Kreuzfahrten enjoyed a 3.2% rise in the average daily rare, which reached €653 as the number of passenger days rose by 4.0% to 92,900.

“Demand for our cruises remains strong, with higher yields year on year for the periods currently on sale in all three brands. In Marella, Majesty exited the fleet in November 2017 and Spirit will exit in November 2018, and from Summer 2019 the entire  fleet will be fully all-inclusive,” the company said in a statement.

CBR 1/2018 CONTENTS

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