Tagged: Hapag Lloyd Cruises

TUI says crisis will drive digitalisation, non-profitable activities could be sold

TUI AG, the German tour operator that also has three cruise brands in its portfolio, says the current crisis will drive further digitalisation of its business. The group’s cruise operations that comprise the fully owned Marella Cruises unit in the UK and 50% stake in TUI Cruises and Hapag-Lloyd, reported a sharp weakening of results in the three months to 31 March. (cruisebusiness.com)

TUI Cruises to Acquire Hapag-Lloyd Cruises

Hapag Lloyd Cruises (Logo)TUI AG announced that has reached an agreement today to contribute its 100% subsidiary Hapag-Lloyd Cruises into TUI Cruises, a 50:50 joint venture owned by TUI AG and Royal Caribbean Cruises, valuing it at 1.2 billion euro on a debt and cash free basis, with an expected net cash consideration of approximately 700 million euro, according to a statement. (cruiseindustrynews.com)







TUI AG’s cruise operations continued strong performance in third quarter

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. “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. (cruisebusiness.com)



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