Page 7 - CIN 2019 European Report
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‘Shortage of Supply’ TUI said its business was benefitting from continued
strong market demand, and its new capacity is arriving at
TUI Group’s cruise business accounts for 25 percent the “right time” after being ordered several years ago.
of EBITA for the company and TUI noted strong earnings
for the first half of 2018 were being driven by a “shortage At TUI Cruises, the young fleet offers low fuel
of cruise ship supply,” in an investor presentation hosted consumption, while an overall strategy is focusing on yield
aboard the new Mein Schiff 1. and its distinct market segment, serving the premium
market in Germany. The average passenger age is just
The company noted that European cruise source over 55 and the line accounts for 24 percent of the German
markets were growing quickly, but still underpenetrated, cruise market by revenue, according to the company. ¾
and said additional cruise ship orders for TUI Cruises were
likely.
TUI is on an aggressive growth track.
Capacity Up 2018 1.5%
WITH another new ship this year, TUI Cruises is projected 2.0%
2.8%
to carry over half a million passengers for the first time ever,
24.5% 10.6%
with capacity expected to grow 12.7 percent year-over-year 11.8%
according to the 2018-2019 Cruise Industry News Annual
Report. ¾
Caribbean
24.4% 22.4%
The Mein Schiff 3
Cruise Industry News: 2019 European Regional Report 39
