TUI on course for a 25% profit boost

Tuesday, 24 Sep, 2024 0

TUI Group says it is on track for a 25% increase in annual earnings after a stellar summer for bookings.

The firm is forecasting profits will rise by a quarter on 10% revenue growth.

Summer 2024 bookings were up 6% to 14.7 million, and there has been a ‘promising start’ to the winter season, with bookings tracking 7% higher.

It says demand is growing for package holidays as flight and hotel costs continue to rise.

The gap caused by the bankruptcy of rival FTI has also helped TUI.

It confirmed the guidance is accurate for the full year which ends in September.

It is due to post its. full year results in December.

Learn more about : TUI ( United Kingdom )

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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.

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