TUI upbeat for summer 2015

Monday, 25 Mar, 2015 0

A 12% rise in online bookings and strong summer sales has prompted TUI to forecast a profit jump of up to 15% in this full financial year.

Releasing a trading update today, it said summer 2015 was trading well, with 46% of the group’s mainstream programme sold and continued strong demand for unique holidays.

Meanwhile, online bookings have risen 12%.

TUI said its hotel and resorts business was also ‘performing well’ and cruise sales continue to grow, thanks to the launch of Mein Schiff 4 this June and an ‘improved performance’ by Hapag-Lloyd Kreuzfahrten.

It said based on current trading, the group was on track to deliver a full-year underlying operating profit growth of 10% to 15%.

Tui Group chief executives Friedrich Joussen and Peter Long said: “Winter 2014/15 is closing out as expected, with our mainstream programme almost fully sold and higher average selling prices in most source markets.

“We are pleased with summer 2015 trading, with continued strong demand for our unique holidays and a significant increase in online bookings.

“We are continuing to implement our strategy post-merger, and will articulate this in further detail at our Capital Markets Update on 13 May 2015.”

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Bev

Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.

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