Europe's largest travel operator TUI saw its first-quarter profit rise sharply, driven by strong demand for packaged holidays. Bookings for the summer are up 2%, with one-third of packages already sold. The company attributed the surge to soaring hotel and flight prices, making all-inclusive deals more appealing. TUI maintained its annual outlook despite challenges such as Boeing delivery delays and high costs.
Europe’s largest travel operator TUI reported a jump in its first-quarter profit on Tuesday, driven by strong performance in its packaged holiday business.
Holidaymakers are increasingly turning to package holidays as soaring hotel and flight prices revive demand for all-inclusive deals.“People prioritise their holidays even in times of change, and even in a challenging economic environment in Europe for almost all sectors,” TUI Group chief executive Sebastian Ebel said on Tuesday.
At the end of last year, the company forecast 2025 EBIT growth to ease to between 7 per cent and 10 per cent due to one-off costs. TUI reported a decline in performance in the Markets and Airlines segment, which saw a 31 per cent drop in underlying EBIT year-on-year due to seasonal investments ahead of the summer travel period.
TRAVEL PACKAGED HOLIDAYS PROFIT TUI DEMAND
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