STX Finland dismisses rumour of firm contract for third TUI Cruises newbuilding
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- Written by Kari Reinikainen Kari Reinikainen
- Category: Top Headlines Top Headlines
- Published: 16 December 2013 16 December 2013
STX Finland, the Finnish unit in STX Offshore & Shipbuilding in South Korea, has dismissed a rumour that it has signed a firm contract for a third 99,300 gross ton newbuilding for TUI Cruises in Hamburg.
However, a the shipbuilder has confirmed to the Finnish media that it now has working capital in place to complete the first two ships, which are due for delivery in 2014 and 2015 respectively.
TUI Cruises has told Cruise Business Online that they do not comment on market rumours.
TUI Travel's online sales grow four times faster than overall sales
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- Written by Kari Reinikainen Kari Reinikainen
- Category: Top Headlines Top Headlines
- Published: 10 December 2013 10 December 2013
TUI Travel, the listed London based tour operator that is a major retailer of cruises in the UK and operates five ships on the British market, says it generated £3.7 billion of revenue online within its Mainstream business, reflecting 12% growth in online package bookings.
By comparison, the group's turnover increased by just 3.0% to £15.0 billion. Online thus accounted for 24.7% of the total sales of the group.
"As an online-driven business, we have a focus on the online customer experience. During the year, we continued to see the benefits of the investments we have been making in our online platforms," the company said in a statement.
Recently, the group's Thomson Cruise unit said it will launch an app for users of smart phones and tablets as these now account for 18% of the bookings of the company.
"We are moving to one core online platform across Mainstream. The UK and Nordic markets have made this transition and are seeing significant improvements in conversion as a result of the redesigned user experience and search functionality that makes it easier for the customer to find their perfect holiday experience with us, TUI Travel said today.
TUI Travel upbeat after strong 2013 financial year
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- Written by Kari Reinikainen Kari Reinikainen
- Category: Top Headlines Top Headlines
- Published: 10 December 2013 10 December 2013
TUI Travel plc, the London based tour operator that is a major retailer of cruises in the UK and operates five ships on the British market, has reported strong results for its 2013 financial year and looks forward to further good trading in the new year, buoyed mainly by strong British and German markets.
Group pre tax profit before one off items rose to £473 million in 12 months to 30 September from £390 million in the same period a year earlier, while revenues rose to £15.0 billion from £14.5 billion. However, after one off items such as impairment charges, the profit fell to £181 million from £201 million.
"The year has been outstanding and highlights that our strategy of delivering unique holidays sold directly to our customers is the right one. We have once again reported record underlying profits across the business, significantly exceeding the top end of our growth roadmap target of 10%. This follows strong margins across the peak Summer period, particularly in the UK and accelerated business improvement delivery," said Peter J Long, group chief executive officer.
"TUI Travel is structurally well positioned with a robust business model that gives us a long term competitive advantage. The business continues to deliver sustainable growth through our unique holiday experiences, increasingly distributed online, whilst leveraging its scale as one organisation. This in turn, will drive further value for both our customers and shareholders. Building on this year’s outperformance where we have achieved a 13% underlying operating profit growth, I remain confident that we will deliver consistently on our five year annualised growth target of between 7% to 10% at constant currency," Long said in a statement.
In addition to Thomson Cruises, in the UK, TUI Travel owns Quark Expeditions, the expedition cruise line, and Intercruise, the shoreside services provider.
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