Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "TUI's"


4 mentions found


Passengers board on the TUI bus at Palma de Mallorca airport on June 18, 2020 in Palma de Mallorca, Spain. German travel giant TUI on Tuesday posted a quarterly profit of 6 million euros ($6.46 million), defying expectations on the back of upbeat travel demand. For the same quarter last year, Europe's largest travel operator posted a 153 million euro net loss. "In a persistently challenging environment, people's high willingness to travel ensures strong economic development in all areas of the Group." A total of 3.5 million guests travelled with TUI during the three-month reporting period, up from 3.3 million the previous year.
Persons: TUI, Sebastian Ebel, Tui Organizations: Palma de Mallorca, TUI, Deutsche Bank, Deutsche Bank analysts Locations: Palma, Palma de, Spain, TUI, Europe
Factors such as cheaper airfares and weaker currencies in Scandinavia could play a role, but one of the world's biggest tour operators TUI (TUI1n.DE) said on Wednesday that climate change will also drive more tourists northbound. Tour operators in places like northern Norway also see an increased demand. This had resulted in more direct flight routes to Northern Norway being created, it said. Heather Storgaard, a Scottish tourist, planned her summer vacation this year in Denmark, with a stop in Northern Germany. Wissenbach is often in Italy due to work but said she preferred the north for holidays.
Persons: Sebastian Ebel, Ebel, TUI, Fabio Scaglione, Diego Bruno, Bruno, Heather Storgaard, we'd, Margit Wissenbach, Joanna Plucinska, Marie Mannes, Rachel More, Alberto Chiumento, Mark Potter, William Maclean Organizations: Mastercard, TUI's, Stockholm, Thomson Locations: Europe, Denmark, Finland, Netherlands, Norway, Sweden, Scandinavia, Poland, Belgium, Greece, Rhodes, Northern Norway, Turin, Italy, Italian, Spain, Scottish, Northern Germany, France, Germany, Switzerland, Gothenburg, Wissenbach
The continent-wide STOXX 600 index (.STOXX) rose 0.4%, while European travel & leisure stocks (.SXTP) advanced 0.8%. TUI's German-listed shares (TUIGn.DE) rose 2.5%, with its shares listed in London adding 2.5% after the company reported more bookings and higher first-quarter revenue. In Europe, a flash reading of fourth quarter GDP is also on the radar on growing hopes that the euro zone economy most likely avoided a recession. The STOXX 600 has risen over 9% so far this year led by better-than-expected earnings and a brighter outlook for the euro zone economy. Reporting by Shreyashi Sanyal in Bengaluru; Editing by Savio D'Souza and Dhanya Ann ThoppilOur Standards: The Thomson Reuters Trust Principles.
TUI: Luxury holiday demand boosts sales
  + stars: | 2023-01-20 | by ( ) www.reuters.com   time to read: +1 min
BERLIN, Jan 20 (Reuters) - Travel giant TUI (TUIGn.DE) reported on Friday a boost in demand for luxury holidays, driving sales for the winter 2022/23 period higher than they had been in the corresponding 2018/19 period, before the COVID-19 pandemic hit international travel. "Demand is currently particularly strong," said Steffen Boehnke, director of airtours, TUI's luxury travel segment, in a statement. Sales for the summer 2023 period were above the level seen last year following strong bookings in the first weeks of January, according to the statement. "Our guests are booking more high-quality and for longer," said Boehnke, adding that trips were two and a half days longer on average and that around one in four travellers were choosing accommodation with villas or suites with a private pool. Reporting by Klaus Lauer, Writing by Rachel More, Editing by Maria SheahanOur Standards: The Thomson Reuters Trust Principles.
Total: 4