Germany’s TUI group has posted a “significant” rise in earnings from its cruiseships in the fourth quarter.
The company said underlying EBITA for the division reached EUR 130m ($138.51m) to 30 September, up from EUR 81m a year ago.
Revenue grew to EUR 296.7m from EUR 273.3m.
TUI said cruise operations remain a “growth driver”.
The TUI Cruises arm expanded with a fifth ship in the summer, with another three newbuildings on order.
Its average daily rate was 8% up.
The modernisation of the fleet operated by Hapag-Lloyd Cruises with two new luxury expedition ships will take place in 2019.
