Hanover, Hamburg, 20 March 2018

High demand: TUI Group accelerates expansion of its cruise fleet in Germany and UK

  • TUI Cruises: Faster expansion – current Mein Schiff 2 remains in fleet beyond 2019
  • TUI subsidiary Marella Cruises receives SkySea Golden Era from Royal Caribbean Cruises
  • Overall fleet to grow to 18 ships by 2023

TUI Group is expecting continuous strong growth in cruises for the coming years. The cruises segment is one of the group’s growth pillars. Therefore the TUI Executive Board has decided to increase capacities at TUI Cruises. Due to the continued increase in demand, TUI Group has adjusted its existing plans to accelerate the expansion and modernisation of its fleet. Its current Mein Schiff 2 vessel, which was set to transfer to TUI’s British subsidiary Marella Cruises, will now remain within TUI Cruises. Including the new Mein Schiff 2, the newbuild scheduled for delivery in 2019, TUI Cruises’ fleet will grow to seven ships. At the same time, Marella Cruises will also continue to modernise its fleet. TUI UK & Ireland will acquire SkySea Golden Era from Royal Carribean Cruises for the Group’s British cruise subsidiary. It was agreed to keep the purchasing price confidential. The investment equates to the initial plans for the acquisition of Mein Schiff 2. Following extensive renovation, the cruise ship will launch as Marella Explorer 2 in 2019.

The investment underscores TUI Group’s strategy. The cruise business is one of the key pillars of the growth roadmap pursued by the globally operating TUI Group. Sebastian Ebel, member of TUI Group’s Executive Board in charge of Cruises: “We will continue to invest in our cruise portfolio and expand, modernise and rejuvenate our fleet. With these decisions we increase the offer at TUI Cruises and accelerate the expansion of this growth segment.“

Cruise ship fleet to grow to 18 vessels by 2023

The change within TUI Cruises’ fleet planned for summer 2018 will be implemented as scheduled: The new Mein Schiff 1 will launch in May. The previous Mein Schiff 1 will transfer to Marella Cruises’ fleet as Marella Explorer. Marella Cruises is the cruise line formerly known as Thomson Cruises, a subsidiary of TUI UK & Ireland.

In 2019, the new Mein Schiff 2 will join the Mein Schiff fleet.

Also in 2019, the Hamburg-based TUI subsidiary Hapag-Lloyd Cruises will obtain two new luxury expedition cruise ships, Hanseatic nature and Hanseatic inspiration.

For 2023, TUI Group has announced a further newbuild: Mein Schiff 7 will join TUI Cruises’ fleet. The fleet addition will increase the size of the fleet operated by TUI Group around the world to a total of 18 cruise ships.

TUI Group’s fleet currently comprises 15 cruise ships, operated by its subsidiaries TUI Cruises, Hapag-Lloyd Cruises and Marella Cruises.

About TUI Group

TUI Group is the world’s leading integrated tourism group operating in more than 100 destinations worldwide. The company is headquartered in Germany. The TUI Group’s share is listed in the FTSE 100 index, the leading index of the London Stock Exchange, and in the German open market.

In financial year 2019, TUI Group recorded turnover of around €19bn and an operating result of €893m. The Group employs more than 70,000 people worldwide. TUI offers its 28 million customers, including 21 million customers in European national companies, integrated services from a single source. It covers the entire tourism value chain under one roof. This comprises more than 400 hotels and resorts with premium brands such as RIU, TUI Blue and Robinson as well as 18 cruise ships ranging from the MS Europa and MS Europa 2 luxury class vessels and expedition ships to the Mein Schiff fleet of TUI Cruises and the vessels of Marella Cruises in the UK. The Group also includes leading European tour operator brands, five airlines with 150 modern medium- and long-haul aircraft and 1,600 travel agencies. Apart from the expansion of its core business with hotels, cruises and destination activities, TUI is increasingly investing in digital platforms. The Group is transforming as a digital company.

Global responsibility for sustainable economic, ecological and social activity is a key feature of our corporate culture. TUI Care Foundation, initiated by TUI, promotes the positive effects of tourism, education and training as well as environmental and social standards with projects in 25 countries. It thus contributes to the development of the holiday destinations. TUI Care Foundation, operating around the world, initiates projects creating new opportunities for the next generation.

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