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Strong summer reinforces hopes for 2023, says Tui

Operators
James Chapple
14 December 2022

Tui has posted positive annual earnings after summer passenger numbers recovered to 93% of pre-pandemic levels, with the European travel giant stressing tourism would remain a long-term and attractive growth sector.

The company has cancelled holidays up to and including 11 September

The company carried 3.3 million guests in the first quarter of 2023

However, Tui Group chief executive Sebastian Ebel warned that while Tui expected 2023 to be a "solid and good year", there were several external market factors that could hinder the group’s recovery from the pandemic.


Nearly 14 million people travelled with Tui over the summer, more than half of whom – 7.6 million – travelled during Tui’s peak summer period (three months to 30 September). Summer revenue doubled year-on-year from €3.37 billion to €7.61 billion while summer earnings before tax ram to £1.1 billion, excluding costs arising from flight disruption.