TUI sees rise in late bookings for Turkey
TUI has reported a rise in late bookings for Turkey as it announced its third quarter financial results today.
The travel giant said following a dip in demand in 2016 it had scaled back its Turkey programme for this summer, but late bookings ‘reflect a renewed popularity of Turkey and North African destinations’.
Overall, bookings in the UK remain ‘as high’ as last year despite the weak pound.
TUI gave a bookings overview as it unveiled an increase in underlying EBITA of 18.7% to €191 million and turnover growth of 16.4% to €4.94 billion for the three months to June.
TUI Group CEO Fritz Joussen said: "2016/17 will be another good year for TUI Group. We are delivering growth and reiterating our guidance.
"We expect turnover growth of more than three per cent, our underlying operating result is expected to grow by at least ten per cent in the full year."
He said for the first time the group has delivered a positive operating result for the first nine months of a financial year.
"TUI is in excellent shape about to fulfil its objectives," he added.
Joussen said the rebranding to TUI has strengthened the business both ‘at the global and local levels’.
The UK will be the last market to roll out the rebranding in autumn 2017.
"We will then consistently operate under the TUI brand in all source markets," said Joussen.
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 
Qatar Airways offers flexible payment options for European travellers
Airlines suspend Madagascar services following unrest and army revolt
Digital Travel Reporter of the Mirror totally seduced by HotelPlanner AI Travel Agent
Strike action set to cause travel chaos at Brussels airports
Phocuswright reveals the world's largest travel markets in volume in 2025