Tour operator TUI confirms guidance after strong summer season (updated)

FTI Consulting

24/09/2024 07:30

(Adds details about summer and winter bookings, annual guidance
in paragraphs 2-4)
       GDANSK, Sept 24 (Reuters) - Europe's biggest tour
operator TUI  TUI1n.DE  on Tuesday confirmed its annual guidance
and mid-term targets after a strong summer season. 
    Summer bookings rose 6% year-on-year, hitting 14.7 million
in total, or 97% of the whole programme sold, the group said, as
it benefits from a resurgence of packaged holidays, as well as
from the bankruptcy of its German rival FTI earlier this year.  
    It also said the start of the winter season was looking
promising with bookings rising 7%, hitting 1.8 million so far,
which corresponds to 33% of the whole programme.   
        TUI forecast a 25% increase in operating profit and 10%
revenue growth this year. 
  
        
  
        
  
        
  
    

 (Reporting by Andrey Sychev, Editing by Friederike Heine)
 ((andrey.sychev@thomsonreuters.com;))