TUI fights with late bookings: sales plus despite winter loss!
TUI fights with late bookings: sales plus despite winter loss!
Spanien, Land - TUI AG recorded sales and profit declines in the winter half year 2023, which is related to the late Easter date. As the Süddeutsche Zeitung Period to almost 8.6 billion euros, which corresponds to an increase of almost eight percent compared to the previous year. However, adjusted operational loss (EBIT) reduced 15 percent to 156 million euros.
The second business quarter was particularly weak due to the lack of Easter business. Overall, shareholders have to accept a total loss of almost 392 million euros, but this is a decrease of six percent compared to the previous year. For the current financial year, TUI is aiming for a increase in sales of 5 to 10 percent, while adjusted operational profit is supposed to increase by 7 to 10 percent.
popular travel destinations in the Easter holidays
The customers who choose bookings at TUI spend an average of ten days on vacation and spend around 3,295 euros. The general booking situation also shows improvements: The German Travel Association (DRV) expects around 6 percent to grow in sales of 12 percent compared to the previous year and an increase in travelers. In the past few months, 6 percent more people have booked package tours, which provides the encouragement for classic travel offers.
Future view of TUI AG
For the entire tourism year 2024/25, a increase in sales of 11 percent and an increase in travelers is forecast by 4 percent. TUI counted around 3.7 million customers in the last business quarter by the end of December and thus recorded an increase of 6 percent compared to the previous year. Special successes are reported in the areas of the company's own hotel chains and cruises.
The industry also set itself up to an upward trend after the last year, in which Germans have spent 83.4 billion euros for travel (an increase of 5.6 percent compared to the previous year). TUI expects in 2024 a record year for the travel industry, which is supported by increased booking trends and a continued demand for travel.
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| Ort | Spanien, Land |
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