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Tui focused on becoming 'more profitable, more efficient and stronger' in 2024

Operators
Ilaria Grasso Macola
6 December 2023

Tui is working towards becoming “more profitable, more efficient and stronger" across all of its segments, chief executive Sebastian Ebel has said, despite the myriad macroeconomic and geopolitical challenges the business and the wider travel and tourism sector faces.

Tui: ‘Back in the black’

Tui is restructuring its business around a new model (Credit: Tui)

The group on Wednesday (6 December) reported full-year underlying Ebit (earnings before interest and tax) of €977 million, up 139% year-on-year, and revenue of €20.7 billion, up 25%, for the year to 30 September after taking more than 19 million customers on holiday. It is the first time Tui’s revenue has topped €20 billion.

It expects its Ebit to increase by at least 25% next year, and a further 10% growth in revenue with average selling prices continuing to rise. "2023 was a good year for Tui," said Ebel.