Strong first quarter demand for TUI Group's cruise division

The new Mein Schiff 2, whose dramatic reception area is picture here, has just entered service The new Mein Schiff 2, whose dramatic reception area is picture here, has just entered service PHOTO: © Uli Schaarschmidt/TUI Cruises

The TUI Group reported continued strong demand across all three of its cruise brands, TUI Cruises, Marella Cruises and Hapag-Lloyd Cruises, in the first quarter.

Underlying earnings before interest, taxation and amortization in TUI's cruise segment rose 25.3% to €47m, up from €37.5m a year ago.

The average daily rate at TUI Cruises stayed flat at €149, while occupancy nudged up a point, to 100%.

At Marella Cruises, the average daily rate was £137, up from £129, and occupancy rose a point, to 102%.

Hapag-Lloyd Cruises' average daily rate increased to €591 from €533, whlle occupancy was 75%, a point lower than in Q1 2018.

New ships

TUI Cruises' Mein Schiff 2 just entered service, Marella Explorer 2 (previously SkySea Golden Era) begins operations in the summer and Hapag-Lloyd's luxury expedition ships Hanseatic Nature and Hanseatic Inspiration are also due in 201.

Hanseatic left the fleet last autumn, and Bremen has been sold and is scheduled to exit in May 2021.

Posted 12 February 2019

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Anne Kalosh

Editor, Seatrade Cruise News & Senior Associate Editor Seatrade Cruise Review