Unlike its main peer TCG, TUI has continued to benefit from its overall integrated model. The group finished the year with solid figures above guidance and in line with the market’s expectations. The weak performance in the late-booking market in northern Europe due to the warmer summer has been fully offset by the continued strong demand for hotel and club activities, along with solid growth momentum in the cruise business.
13 Dec 2018
The good performance in hotels and cruises have given relief to TUI’s heatstroke
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The good performance in hotels and cruises have given relief to TUI’s heatstroke
TUI AG (TUI:LON) | 578 69.3 2.1% | Mkt Cap: 2,932m
- Published:
13 Dec 2018 -
Author:
Jie Zhang -
Pages:
3
Unlike its main peer TCG, TUI has continued to benefit from its overall integrated model. The group finished the year with solid figures above guidance and in line with the market’s expectations. The weak performance in the late-booking market in northern Europe due to the warmer summer has been fully offset by the continued strong demand for hotel and club activities, along with solid growth momentum in the cruise business.