Reporting its performance from 1 October 2021 to 31 March 2022, Tui revealed 11 million bookings across winter 2021/22 and summer 2022 – with five million added since its Q1 Interim Report in February.
Bookings across key markets, such as the UK, Germany and Benelux “have been largely unaffected” by the war in Ukraine, Tui said, adding that only the Nordics and Poland were “subdued”.
Its summer 2022 bookings are currently at 85% of summer 2019 levels, with total sales in the last six weeks “firmly surpassing” summer 2019.
Tui said it was “confident” in its summer 2022 capacity prediction being “close to normalised" 2019 summer levels.
Average selling prices “continue to be strong” up 20%, the group reported, which it said reflected “a higher mix of package products” and the “popularity of our summer holidays”.
Revenues for its half-year period grew to €2.1bn - a €1.9bn improvement year-on-year verses €0.2bn in Q2 of 2021.
“After two years of turbulence and against the backdrop of current bookings and the business performance to date, we expect to return to significantly positive underlying EBIT for financial year 2022,” the travel giant said.
March saw Tui achieve its highest monthly revenue within the quarter, as operations ramped up after a “subdued” January and February following widespread Omicron restrictions across Europe.
The company saw 1.9 million customers travel in the second quarter of 2022 - an increase of 1.7 million against the previous year, with March again proving its most successful month for departures.
The group revealed 71% of its 2019 capacity operated during Q2 of 2022, just ahead of its initial winter 2021/22 programme expectations, which it said reflected “increasing consumer confidence”.
Capacity grew further as the financial period ended, with capacity at 75% in March.
Tui’s hotels and resorts business delivered a third consecutive quarter of positive underlying EBIT since the start of the pandemic, with the group predicting occupancies and average rates to “develop strongly” through the second half of the year.
Since the beginning of April, all of Tui’s 16 cruise ships across its three brands have returned to operation.
“Compared to our other segments, cruises recovery is expected to be slower with short-term bookings continue to represent a large share of overall bookings,” said Tui, adding how it saw cruise business in the second half of the year “building steadily”.
More than 680,000 excursions, activities and tours were sold in the second quarter of 2022 through Tui Musement.
