The operator’s hotels and resorts segment delivered record first quarter (three months to 31 December) earnings of €150.3 million, up by 66% from €90.7 million a year earlier, driven by a two percentage point increase in occupancy to 80% and a 5% increase in average daily rates to €94.
Earnings from cruise, meanwhile, increased by 40% from €34.5 million to €48.2 million, which Tui attributed to strong demand and higher rates, plus a 10% year-on-year increase in available passenger cruise days to 2.6 million owing to fleet expansion. Average daily rates across cruise increased by 4% to €213.
