Cruise News - Maritime News

• Transformation from traditional tour operator to tourism business again pays off
• Full year 2018: Underlying EBITA up by 10.9 per cent1
• Turnover grows by 6.3 per cent1 in the financial year under review
• Supervisory Board and Executive Board propose dividend of 0.72 euros per share (previous year 0.65 euros)
• TUI Hotels and Cruises: Hotel and cruise subsidiaries account for around 70 per cent of earnings – more capacity, higher average rates
• CEO Fritz Joussen: “Successful hotel and cruise business will be strengthened. New growth through expansion of digital platforms.”
• Guidance for 2019: At least 10 per cent1 underlying earnings growth

Successful transformation – Further development as a digital and platform group
Owing to the strategic transformation from a traditional tour operator and trader to a developer, investor and operator of hotel and cruise companies initiated in 2014, TUI’s business delivers considerably higher margins and is less seasonal, reducing its dependence on the summer months. Earnings are generated more evenly across the entire year. TUI’s Hotels & Resorts, Cruises and Destination Experiences segments now account for 70 per cent of the Group’s underlying EBITA. The transformation is continued, future growth will be created through further investments in hotels and cruise ships, but also through digitalisation.

Cruises: Investments are paying off, capacity and earnings growth
In the completed financial year, TUI Group’s three cruise lines TUI Cruises, Marella Cruises and Hapag-Lloyd Cruises delivered significant growth in their operating results and average rates:

• Underlying EBITA: +26.8 per cent to 324.0 million euros (previous year 255.6 million euros)
• Average rate per passenger per day:
  • TUI Cruises 178 euros (previous year 173 euros)
  • Marella Cruises 141 GBP (previous year 131 GBP)
  • Hapag-Lloyd Cruises 615 euros (previous year 594 euros)

• Average occupancy:
  • TUI Cruises 100.8 per cent (previous year 101.9 per cent)
  • Marella Cruises 100.9 per cent (previous year 101.7 per cent)
  • Hapag-Lloyd Cruises 78.3 per cent (previous year 76.7 per cent)

In May 2018, the new Mein Schiff 1 joined TUI Cruises’ fleet. In February 2019, the new Mein Schiff 2 will be launched. Marella Cruises was also modernised: In the financial year under review, Marella Explorer was launched. Next year, Marella Explorer 2 will join the fleet. The fleet of TUI Group’s subsidiary Hapag-Lloyd Cruises will also be expanded next year: In calendar year 2019, the luxury expedition liner newbuilds Hanseatic nature and Hanseatic inspiration will join the fleet.

Expedition cruises are a segment delivering strong growth around the world. TUI’s subsidiary Hapag-Lloyd Cruises is perfectly positioned as one of the top players in the luxury and expedition cruise sector.

DOWNLOAD FY18 Presentation here...