The cruise operations of TUI AG, the German travel company that is listed in London, continued their strong performance in the third quarter of the company/s financial year.
Turnover increased by 15.1% to €256.3 million in the quarter, year on, while underlying EBITDA rose by slightly less, at 14.4%, to €101.5 million.
“All three brands continue to deliver growth. In Q3 2019, all three cruise brands operated by the Group continued their growth roadmap and delivered a significant increase in their operating results. With the launch of Hanseatic Nature and Marella Explorer 2 in May 2019, TUI’s cruises fleet grew to a total of 17 ships,” the company said in a statement.
The average daily rate per passenger of TUI Cruises, of which the company owns 50% and which operates o the German market, fell by €10 to €190. Marella Cruises in the UK recorded an increase in the figure to £144 from £138, while the luxury and destinational brand Hapag-Lloyd Kreuzfahrten enjoyed a €13 increase in the daily rate, to €584.
In the first nine months of its financial year, TUI’s cruise operations increased their turnover by 9.9% to €680.9 million, while underlying EBITA grew significantly faster, at 14.0% to €182.4 million.