The group has raised its estimate of growth in EBITDA (earnings before interest, taxation and amortisation) from its previous 10% to between 12 and 13%.
In a trading statement, the Group said that: “RIU and the Cruises division, together with the very positive development of the tour operator business in the UK, have contributed to this excellent result”.
UK revenue and total customer numbers for summer 2016 were both up 5%, with the programme 98% sold. Average selling prices, were however described as “flat”.
The operator added that the coming winter season was looking “very positive”.
Tui Group 'optimistic' about this year
News
Gary Noakes
28 September 2016
Tui Group has raised its operating profit guidance for 2015/16, saying it is “expecting another very successful year”, particularly in the UK.
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