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Tui expects leap in profits as winter trip bookings rise

The Guardian

|

September 25, 2024

Europe's largest travel company expects its annual profits to rise by at least a quarter, helped by people spending more on winter breaks to sunny destinations such as Egypt, Cape Verde, Thailand and Mexico.

- Julia Kollewe

Tui expects leap in profits as winter trip bookings rise

Tui also said summer sales rose by 6%, helped by late bookings, for which Spain, Greece and Turkey were the most sought-after destinations.

Tui has taken a further 1.4m bookings since its August update, to 14.7m for the summer. It sold nearly all of its holidays, and was slightly ahead of last year. Tui has put up its prices, by 3% for the summer and 5% this winter, to mitigate rising costs, it said.

In Germany, Tui added more summer holidays after the owner of Europe's third-largest operator, FTI Group, filed for insolvency in June, mainly to Turkey, Greece, the Balearics, the Canaries, and Egypt, and reported a 10% increase in bookings.

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