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.
TUI Group has revealed it will modernise its Thomson Cruises business in the UK through the acquisition of “Legend of the Seas” from Royal Caribbean International. Thomson Cruises is part of the British subsidiary TUI UK & Ireland which is acquiring the 63,000 tonne vessel directly from RCI.
TUI Group remains on a growth path, of sorts, continuing its positive performance in the first half of financial year 2015/16 with a year-on-year increase in its result. In the period under review, the underlying operating result showed a typical seasonal loss of €236.9 million, down 16.3 per cent year-on-year.
Fritz Joussen has taken over as sole chief executive of TUI Group following the company’s annual general meeting in Hanover, Germany. Upon the close of the meeting, the term of office of Peter Long as join chief expired. Long was elected as new member of the supervisory board of TUI AG.
TUI Group has delivered a first quarter loss for financial 2015/16, though figures show an improvement versus financial year 2014/15. On a constant currency basis, underlying EBITA improved by 7.2 per cent to a seasonal loss of €97.3 million euros, compared to losses last year of €104.8 million in the reporting period from October to December. However, including the impact of foreign exchange translation effects, losses rose by three per cent to €101.7 million.
TUI Group has formally signed a five-year contract with gategroup through its Gate Retail Onboard subsidiary that focuses solely on inflight retail, to be its single source supplier for inflight retail for all five tour operator airlines of TUI Group. The scope of the contract includes on-board sales of food and beverage, duty free articles as well as pre-order sales in the UK and the Nordics.
The TUI Group has outperformed its earnings guidance for the full financial year. “The first year following the restructuring of the TUI Group was completed with a very strong set of results,” said Fritz Joussen, chief executive TUI Group. The operating result (underlying EBITA) climbed by 22.9 per cent to 1.069 billion euros (previous year €870 million). It amounted to €1.004 billion on a constant currency basis, up 15.4 per cent.
TUI UK&I has announced Helen Caron and Jeremy Osborne will join the UK board with immediate effect. Jeremy Osborne, digital director, has been appointed to board director of strategic innovation and business change, a newly created function designed to drive strategy and manage all business change activity.
The TUI Group launches its international ‘One Brand’ campaign today. By 2017, all major European tour operator brands will be rebranded with the TUI master brand. Today’s rebranding of the Dutch subsidiary Arke will mark the start of the process, with the rebranding of all travel agencies and the launch of the new TUI website.