Tag: $TUI

Europe’s largest tour operator TUI forecast strong summer season demand on Wednesday, despite higher prices, after reporting stronger-than-forecast results in the typically less busy winter period.

The group’s fiscal first-quarter revenue came in at a record 4.3 billion euros, up by 15% from the previous year, driven by higher demand at increased prices and rates.

Revenue rose 11% to 8.5 billion euros ($9.17 billion), while investors zeroed in on a forecast for EBIT to increase by at least 25% year-on-year in 2024.

Travel group TUI  on Tuesday confirmed its full-year results were on track to “increase substantially”, citing a strong summer and an increase in winter bookings, easing investor concerns about the impact of extreme weather.

 Tour operator TUI said on Wednesday it could see its travel season shift to start earlier in the spring and end in the autumn as climate change affects tourist habits.

TUI said Thursday that it has extended the maturity of its existing credit lines of 2.7 billion euros ($2.90 billion) until July 2026.

German travel firm TUI said it expects strong revenue and higher profit in 2023 on the back of a jump in summer bookings, despite the risk of travel disruption triggered by strikes.