Louis to review cruise routes following revenue drop

Cyprus-based cruise ship and hotel operator Louis is to review its cruise routes following the Group dropping into the red during the first nine months of 2008. Cruises account for 72% of the Group’s revenue.

Louis attributes the weaker cruise performance to reduced activity in the winter period, giving fewer ships and passengers, and the negative affect of weaker rates of the $ and the $ versus the €. Around 60% of all Louis’ passengers for cruises out of Piraeus come from the US.