TUI bullish on a bumper summer season


TUI bullish on a bumper summer season

Wednesday, 15 May, 2024 0

Tour operator TUI expects a strong summer season ahead despite higher overall prices.

It comes as the company posted better than expected quarterly results.

It says about 60% of summer capacity is sold even with prices up by 4% on average compared to 2023.

UK summer capacity is currently 65% sold for the season.

“Both our ongoing operations in UK and Nordics reported higher results supported by increased volumes at higher prices.”

TUI’s revenue grew 16% to a record €3.6 billion in the last quarter

The cruises and hotels business units performed best, it said.

It narrowed losses to €189 million with short and medium-haul destinations selling well, like the Canary Islands and Egypt.

“The group’s business model allows it to flexibly shift capacity from the eastern to the western Mediterranean,” TUI said of the uncertain situation in the Red Sea region.

“The first two quarters of the financial year were very successful in operational terms. It clearly demonstrates the resilience of our business model,” CEO Sebastian Ebel said.

Related News Stories:



Learn more about :   TUI ( United Kingdom )  



 

profileimage

TravelMole Editorial Team

Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.



Most Read

Florida’s Tourism Boom: Dana Young Analyzes Surge in UK Visitors

Elliott Ferguson’s Vision: Elevating Washington DC’s Global Appeal

Empowering Travel Agents and Tour Operators: A Conversation with Go Nexus Group President

Expedia TAAP incorporates AI for their 100,000 registered agents

Travefy CEO & Founder Talks About Their Itinerary Management For Travel Professionals

MMGY’s Jonathan Sloan: A Tale of Triumph Amidst Adversity

Unlocking Opportunities: Viator Empowers Travel Agents with Innovative Tools and Expansive Offerings

Kazakhstan Explored: A Journey into the Unknown

Behind the Scenes of Vegas Tourism: Kelly Messina’s Insider Perspective

Preserving Mexico’s Beauty: A Conversation with Doris Patiño from Xcaret

Easton Wasinger Unveils Trawick: Affordable Travel Insurance with Exceptional Service

Deleted video
TRAINING & COMPETITION

Our emails to you has bounced travelmole.com Or You can change your email from your profile Setting Section

Your region selection will be saved in your cookie for future visits. Please enable your cookie for TravelMole.com so this dialog box will not come up again.

Price Based Country test mode enabled for testing United States (US). You should do tests on private browsing mode. Browse in private with Firefox, Chrome and Safari

true