The integration of the Hapag-Lloyd Cruises brand under the umbrella of the joint venture TUI Cruises has been completed. For Karl J. Pojer (65), the successful merger represents the appropriate time to hand over the management of Hapag-Lloyd Cruises to the management of TUI Cruises at the end of the year. Julian Pfitzner will in […]
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Cruise Lines International Association (CLIA), the leading authority of the global cruise industry, announced that Royal Caribbean Group President and CEO Jason Liberty has been appointed Chairman by its Board of Directors. Jason Liberty succeeds Pierfrancesco Vago, executive chairman of MSC Cruises S.A. who served in the role since January 2021. “On behalf of the […]
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As announced, TUI Group has ended the financial year 2023 with a significant increase in operating earnings. Following a good final quarter, underlying Group EBIT climbed by 139 percent year-on-year to 977 million euros. At 20.7 billion euros, revenue reached a record level and was significantly higher than the last total revenue before the pandemic […]
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ALL SEGMENTS WITH POSITIVE OPERATING DEVELOPMENT, HOTELS & RESORTS ABOVE PRE-CRISIS LEVEL FOR THE FIFTH CONSECUTIVE QUARTER – BOOKING LEVELS FOR THE SUMMER REMAIN STRONG – GROUP CONFIRMS EXPECTATION OF SIGNIFICANT INCREASE IN UNDERLYING EBIT FOR THE FULL YEAR -TUI back in profit in Q3 for the first time since the start of the pandemic: […]
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A strong booking trend and a significantly improved second financial quarter underline TUI’s positive expectations: the tourism group expects a strong Summer in 2023 and a significant year-on-year increase in operating profit for the full year. Revenue climbed by around one billion euros year-on-year to 3.2 billion euros in Q2 2023 (January to March). Underlying […]
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• TUI almost breaks even in Q3 2022 despite additional costs of 75 million euros for disruptions in air traffic – without additional costs clearly in the profit zone: adjusted EBIT 48 million euros (with expenses for additional costs -27 million euros) • Growth segment Holiday Experiences with clear positive underlying EBIT of 122 million […]
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TUI is sharpening its focus in its long-standing partnership with Riu: in the future, the cooperation will be even more clearly focused on brand, hotel management and distribution. As part of this focus, the Riu family is taking over TUI’s minority share in a previously jointly held real estate portfolio of 19 existing properties and […]
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TUI has liquid funds amounting to 2.5 billion euros2 Global reorientation measures accelerated and cost target raised: annual savings of 400 million euros announced Demand for travel is rising: 50 per cent of the programme for May 2021 already booked Summer 2021: average prices +14 percent – bookings 3 percent higher than for summer 2019 […]
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TUI is rearranging its Group Management with effect from 1 January 2021. The Supervisory Board headed by Dr. Dieter Zetsche agreed on the changes at its meeting on Tuesday. With Sebastian Ebel, an experienced TUI manager of many years’ standing is moving to the top of the Finance division. He is currently responsible for the […]
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“At an operating result of 893 million euros, TUI Group delivered a successful financial year 2019. Even in a challenging year for the tourism sector, TUI delivered a strong operating performance, a robust balance sheet and growth in its Hotels & Resorts and Cruises core businesses,” said CEO Fritz Joussen, speaking in Hanover on Wednesday. […]
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