TUI on course for a 25% profit boost

Wednesday, 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 )

below social share icons

TravelMole Editorial Team

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.

Family-owned Olympic Holidays has been arranging holidays to Greece, the Greek islands and Cyprus for more than half century. The company is unrivalled...

Via Croatia is a concierge-type, full-service luxury DMC working exclusively with travel agents and luxury tour operators. With 20 years...

At Wilderness Safaris we believe in creating life-changing journeys and have been doing so for over 39 years. Our purpose...

Since 1932, P&O Cruises has offered Aussies and Kiwis the opportunity to take to the seas and have the holiday...

Jet2.com is the UK’s third largest airline, flying from ten UK airports to more than 60 destinations across Europe and beyond....

City Cruises is a leading operator of sightseeing, dining and charter services operating in London, York and Poole. We offer...

STA was established to support the growth of the travel and tourism sector by serving the needs of tourism companies...

We are a small-group adventure travel operator offering more than 750 tours in 100 countries, on all seven continents. Our...

Wonderful Indonesia Indonesia is a country blessed with countless wonders. What makes this country unique is its diverse culture and...

NSW, Australia Welcome to New South Wales – a place to feel free, feel alive, feel new. As the official...

Discover Sarawak Revealing a side of Asia unlike anywhere else, Sarawak offers an alternative for those seeking humble authenticity far...

Since its launch in 1999, TravelMole.com has become, one of the largest global online travel industry communities. It is comprised...

Palladium Hotel Group is a renowned Spanish hotel chain that first emerged towards the end of the 1960s. Currently present...

Located in the heart of the Northeast and within easy driving distance of a third of the population of the...

The Florida Keys and Key West is a 126 mile long string of Islands connected to South Florida by the...

The Oregon Tourism Commission, dba Travel Oregon, works to enhance visitors’ experiences by providing information, resources and trip planning tools...