Long haul and cruise boost TUI’s UK sales
Strong sales of long haul and cruise has helped TUI’s performance in the UK and Ireland, with volumes up 10% year on year.
According to the first quarter financial results reported by the travel company today, the launch of TUI Discovery in summer 2016 has helped boost UK sales.
The group overall managed to reduce its seasonal loss for the October to December period from €80.4 million to €66.7 million.
Overall turnover climbed by 8.5% to €3.49 billion, compared to €3.21 billion.
Taking into consideration the impact of foreign exchange translation, it rose by 2.3% to €3.29 billion.
CEO Fritz Joussen said: "The transformation of our business as an integrated tourism business based on own hotel and cruise brands, initiated in 2014, is really paying off.
"This has been demonstrated by the very good performance delivered in the completed financial year and has been confirmed in Q1 2016/17."
He referred to the sale of Travelopia, confirmed last night, saying it ‘marks the next strategic step to further sharpen TUI’s profile as a vertically integrated tourism business’.
"TUI is in an excellent state of health, and we are delivering on our promises. For the full year 2016/17, we reiterate our guidance of at least 10% growth in underlying EBITA."
p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; font: 14.7px Calibri; -webkit-text-stroke: #000000} p.p2 {margin: 0.0px 0.0px 0.0px 48.0px; text-indent: -48.0px; font: 14.7px Calibri; -webkit-text-stroke: #000000} span.s1 {text-decoration: underline ; font-kerning: none; color: #0563c1; -webkit-text-stroke: 0px #0563c1} span.s2 {font-kerning: none}
Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
France prepares for a massive strike across all transports on September 18
Turkish tourism stalls due to soaring prices for accommodation and food
CCS Insight: eSIMs ready to take the travel world by storm
Germany new European Entry/Exit System limited to a single airport on October 12, 2025
Airlines suspend Madagascar services following unrest and army revolt