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Tui Group sees solid summer trading despite late Easter

Operators
Tom Parry
15 May 2017

Tui Group’s summer trading is on track with its expectations of customer demand for Spain, Greece and the Caribbean, which helped to offset a drop in sales for Turkey and North Africa.

Tui headquarters

The German travel giant reported an 8% rise in revenue for summer 2017 compared with the previous year, while customer numbers were up 4%.

Despite the increases, the Hannover-based group reported a second-quarter loss of €177 million – impacted by the late timing of this year’s Easter.

Adjusted for the late timing of Easter this year, the firm’s loss for the first six months of the financial year improved 6.3% to €193.3m.

Tui also confirmed a target to increase underlying earnings by at least 10% this year.