TUI Group Announces Record Revenues and EBIT Improvement in 2024 Half-Year Financial Report

TUI Group has reported a record second quarter in 2024 with total revenue reaching €3.6 billion, indicating a 16% increase from the previous year. This growth underscores strong demand and improved pricing strategies across TUI’s portfolio. The Group's underlying EBIT for the quarter also showed a substantial improvement, increasing by €53.6 million to -€188.7 million.

Significant performance boosts were seen in the Hotels & Resorts and Cruises segments, both achieving record results due to higher occupancy rates and improved pricing. TUI Musement also reported an increase in customer volumes, driven by ongoing digitalisation and product innovation. Despite the disposal of the Canadian operations, the Markets & Airlines segment exhibited resilient demand with customer volumes and prices trending upwards.

The Group's net debt improved by over €1 billion, attributed mainly to capital increases and positive operational cash flow. Furthermore, TUI continued its commitment to sustainability by issuing €500 million in sustainability-linked senior notes and maintaining responsible tourism practices to minimize environmental impacts.

For the Fiscal Year 2024, TUI confirms its guidance of at least 25% growth in underlying EBIT and a revenue increase of over 10%. This outlook is based on strong first-half performance and robust booking trends for the upcoming summer season. TUI's strategic focus remains on operational excellence, transformation, and leveraging sustainable practices as key growth drivers.