The International Air Transport Association (IATA) released the IATA World Air Transport Statistics (WATS) publication with performance figures for 2020 demonstrating the devastating effects on global air transport during that year of the COVID-19 crisis. 1.8 billion passengers flew in 2020, a decrease of 60.2% compared to the 4.5 billion who flew in 2019 Industry-wide air travel demand […]
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Amid the current outbreak of coronavirus (COVID-19), STR analyzed historical data for China and found that the country’s hotel performance recovered quickly following the containment of SARS in 2003. Recovery around the current outbreak situation of 2020 could follow a similar timeline. “Significant market, economic and social changes over the past two decades render a […]
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TUI expects 2019 to be another solid year. At turnover growth of 1.7 per cent to 6.68 billion euros, the performance at the start of the year matched expectations. The underlying EBITA loss typical of the first two quarters including certain one-off effects totalled -300.6 million euros (previous year -169.7 million euros) in the reporting […]
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Q1 2016/17: underlying EBITA up 17.0 per cent Q1 turnover climbs by 8.5 per cent1 Growth driven by Northern Region, RIU and Cruises Further post-merger synergies worth 5 million euros delivered Full-year earnings growth guidance reiterated – underlying EBITA to grow by at least 10 per cent1 CEO Joussen: “Transformation of our Group makes TUI […]
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