TUI Upbeat: UK and Cruises Continue to Perform Well

By ,   September 29, 2016 ,   Cruise Industry

The Anglo-German tour operator TUI AG said its cruise operations, as well as UK source market continued to perform well. The company highlighted 4 points that drive good performance of these activities.

  1. Sustained strong performance by the United Kingdom, with bookings and revenue up 5%.
  2. Continued strong trading by the TUI Cruises line, following in July the launch of Mein Schiff 5. Sales for Mein Schiff 6 (launching Summer 2017) also going well.
  3. Further modernisation of Thomson Cruises fleet, with successful launch of TUI Discovery (June) and additional ship for Summer 2017 (TUI Discovery 2).
  4. Modernisation and expansion of Hapag-Lloyd Cruises expedition offering: 2 new vessels scheduled to launch in Spring and Autumn 2019.

TUI AG owns Hapag-Lloyd Cruises and Thomson Cruises in full and has a 50% stake in TUI Cruises.

TUI Discovery

CEO Friedrich Joussen said in a statement:

“We are continuing to deliver our strategy as a content centric, vertically integrated tourism group. The Summer 2016 season is almost fully sold, with a continued strong performance by the UK, Riu and Cruises, the launch this Summer of two additional cruise ships and the opening of five additional hotels in our core brands. Winter 2016/17 is trading in line with our expectations, with further growth driven by long haul.

“In addition, we are pleased to have announced the completion of the Hotelbeds Group disposal on 12 September and marketing of Travelopia (formerly part of Specialist Group) has commenced.

“As we approach our 2015/16 year end, we are therefore confident of delivering between 12% and 13% growth in underlying EBITA1. This demonstrates the strength of our integrated business model and the success of our content centric strategy, as well as the continued delivery of our merger synergies".