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Tui expects profits to bounce back to £1 billion mark this year

Operators
Gary Noakes
24 September 2024

A strong close to summer 2024 means Tui Group is set for a profit increase of “at least” 25% this year.

 

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Tui's flight from Cancun eventually landed safely at Birmingham airport (Credit: iStock)

Tui is 97% sold for summer 2024 in the UK, with bookings up 5% on last year.

In a trading update, Tui said summer 2024 bookings across all its markets were up 6% versus 2023, with prices up 3%. Winter sales are up 7% with prices 5% ahead.

Tui said it had taken 14.7 million summer bookings across all markets, with increased prices helping to offset inflation. It said Spain, Greece and Turkey were the most sought after destinations across all markets.

Tui’s financial year ends on 30 September, with results revealed on 11 December. The operator’s confident outlook means profits for the current financial year will break the billion euro mark.