| FCTG’s cruise push

FLIGHT Centre Travel Group (FCTG) continues to pump money into its cruise product, with the Cruiseabout retail network and its newly acquired Cruise Club UK business the recipient of heavy funding (CW 30 Oct 2024).

FCTG noted in its annual general meeting this week that investment in the two brands has thus far incurred $5 million losses, as they ready both businesses for meaningful future contributions.

However the investment appears to be beginning to pay off, with Cruise Club’s Oct TTV increasing by 70% year-on-year, and sales for FCTG’s ‘cruise and tours’ vertical (indexed jointly) increasing 20% YOY.