TUI Group has reported an operating result of €1.001 billion for the financial year, up from €953 million last year. The figure excludes the specialist unit Travelopia, which is available for sale as announced and is accounted for as discontinued operation.
TUI AG‘s supervisory board has given the green light today for further steps with the goal to create a new European airline joint venture with Etihad Aviation Group. TUI Group’s supervisory body approved the plan to contribute its German leisure airline subsidiary TUI fly GmbH to a joint venture with Etihad.
World Travel Market London has announced TUI Group as headline sponsor of its prestigious WTM Buyers’ Club. At this year´s World Travel Market London TUI Group Product & Purchasing will partner with the WTM Buyers’ Club, the business club for senior travel industry decision makers with direct purchasing responsibility.
The TUI tourism group has revealed it will launch its first international advertising campaign under one master brand in eight European markets. It comprises TV, digital, print and out of home advertising, featuring people of all age groups in many different holiday situations – from wellness holidays on the beach via trips for families or couples all the way to sports and adventure travel offerings.
Thomson and First Choice are to introduce Vietnam to its winter 2017 programme. The Caribbean islands of St Lucia and Cayo Santa Maria in Cuba, which were new additions to its summer 2017 programme, will also be extended into the winter season. The move is part of continued interest in long haul destinations and builds on the 350 per cent increase in long haul holidays over a ten year period that the brands revealed last year.
Etihad Aviation Group and TUI AG today confirmed they are in discussions to create a European leisure airline group, focused on point-to-point flying to connect key tourist markets. It is proposed to contribute the touristic operations of the airberlin group and the German TUIfly company, including the aircraft currently operated by TUIfly for airberlin under a wet-lease agreement, into a new airline group established by TUI AG and Etihad Aviation Group.
TUI Group has raised its operating profit guidance for the full year results. As the 2015/16 year draws to a close, ending on Friday, the group is confident of delivering between 12 and 13 per cent growth in EBITA following on from the previous guidance of least ten per cent. RIU and the Cruises division, together with the very positive development of the tour operator business in the UK, have contributed to this “excellent result”, the group said earlier.
TUI Group has confirmed the completion of the disposal of Hotelbeds Group, announced in April 2016, for a total cash consideration of €1.19 billion. The organisation sold the unit to the British investor Cinven Capital Management and the Canada Pension Plan Investment Board.
Hapag-Lloyd Cruises’ fleet will receive two new ships. With the move, TUI Group is hoping to continue its strategic transformation to a hotel and cruise group. The group will further expand its own hotel and cruise portfolio. The world’s number one tourism group will invest in two new-builds for its Hamburg-based subsidiary Hapag-Lloyd Cruises.
TUI Group has seen underlying operating increase by 1.1 per cent, to €180 million, for the April-to June quarter of 2016. Excluding FX and the timing impact of Easter, EBITA climbed by 14.1 per cent to €203.3 million. This comes despite a 5.7 per cent fall in revenue, with TUI report turnover totalling €4.6 billion for the period.
TUI UK & Ireland has appointed its first head of innovation as it looks to further digitise the business. Jo Hickson, who joined from Home Retail Group where she spent five years as group head of innovation, will be focused on driving customer focused innovations across TUI UK & Ireland. In her new role, Hickson will report to Jeremy Osborne, director of strategic business change and innovation.
Boeing and TUI Group have signed an order at the 2016 Farnborough International Airshow for ten 737 MAX 8s and one 787-9 Dreamliner. The order, valued at $1.4 billion at current list prices, also includes an option for one additional 787-9. With the order, TUI Group now has three unfilled orders for 787-9s and 70 for the 737 MAX.