TUI Extends Profit Streak and Issues 25% Growth Forecast
Photo Credit: Couple relax on the beach enjoy beautiful sea on the tropical island. Getty Images
Skift Take
TUI is keeping an eye on global economic uncertainties, but ending the year with record revenue and a continued strategic shift in how it sells holidays to its customers paints a positive outlook for the company for now.
TUI, Europe's largest tour package holiday operator, said Wednesday it saw strength in all its core business segments: hotels, cruises and experiences. And it's benefiting from last years' shift to consolidation of its products onto one global platform.
The result: CEO Sebastian Ebel forecast a 25% increase in operating profit for 2024.
A year ago, TUI began changing its process of selling fixed holiday packages consisting of a flight, hotel, and transfer, sold on different websites specific for each of its markets in Germany, Belgium,
