TUI Group provided the following statement on its cruise activities during Capital Markets Day:

"In Cruises we aim to grow our product offering through new ship deliveries based on a continued strong trading environment and market growth predictions, particularly in Europe. Our three award-winning brands incorporating Mein Schiff and Hapag-Lloyd within our joint venture TUI Cruises, alongside our wholly owned Marella Cruises, hold strong market positions in Germany and UK respectively. Following the successful launch of Mein Schiff 7 in June 2024, Mein Schiff Relax will now join the Mein Schiff fleet ahead of the key summer season with a third vessel, Mein Schiff Flow, complimenting the fleet in Q3 2026. We expect the addition of the Mein Schiff 7 to deliver €25m to €30m EAT (TUI 50% share) and the larger Mein Schiff Relax and Mein Schiff Flow, to each deliver €35m to €40m EAT (TUI 50% share) per annum to the TUI business. We also expect the TUI Cruises dividend to return to pre-pandemic levels of at least €170m in FY25.

Against the background of an aging Marella Cruises fleet, we are currently exploring future growth options on how to position our highly profitable UK market leading business in a steadily growing market. We are in discussions with shipyards and we are currently considering ordering two vessels based on a design customised for the UK market. New-build slots are tentatively available from FY31 onwards. We would expect customary market financing, based on an Export Credit Agency (ECA) structure (80% debt and 20% equity) and that the equity contribution could be generated by an increase of joint venture dividends. An indicative business case calculates an EBIT of between €130m and €150m p.a. per ship and ROIC of 11% to 12%. In parallel we continue to explore partnership options for Marella Cruises, with TUI Group's capital allocation framework remaining our overriding focus."