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TUI reaffirms 2025 outlook after strong quarter
TUI Group is maintaining its profit guidance for 2025 after a strong second quarter.
Group revenue amounted to €3.71 billion it said, despite challenges in Europe.
“The environment was challenging and the second half of the year will also remain demanding for the overall economy in Europe. Our integrated and diversified business model proved its worth again in the second quarter,” CEO Sebastian Ebel said.
Mathias Kiep, TUI Group CFO added: “We are in a good financial position as a Group. We were able to further reduce our net debt.”
In the Holiday Experiences segment, the Hotels & Resorts division achieved an operational improvement compared with the record result in the previous year, with higher average rates.
Cruises continued its strong operating performance in the second quarter.
The increase was driven by a strong booking environment and the commissioning of two new ships at TUI Cruises.
Occupancy fell by 2 percentage points year-on-year to 96%.
TUI says this was due to the uncertainty in the Red Sea and associated route changes.
TUI Musement also improved on its previous year’s result, supported by growth in both the experiences business and transfers for tour operator guests in destinations.
During the reporting period, 1.5 million experiences were sold, an increase of 4%.
The number of transfers also rose by 2% to 4 million.
The Markets + Airline business (tour operators, retail and TUI Airline) performed in line with expectations, the company said.
Holiday Experiences bookings remain on track for the second half of the year after a good lates market in winter 2024/25.
TUI says there is later booking behavior for summer 2025 due to a late Easter holiday.
The company says it remains on course for growth this financial year based on sustainable growth in the Holiday Experiences segment and transforming the Markets + Airline business.
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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.
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