TUI Group

TUI Group (LSE: TUI) is one of the world's leading tourism companies, headquartered in Germany. The company operates in around 180 destinations worldwide, offering integrated services across the entire tourism value chain.

TUI's history dates back to 1968 when four German travel enterprises formed Touristik Union International (TUI). Through acquisitions and mergers over the decades, TUI grew to become Europe's largest tourism group. In 2024, TUI reported annual revenue of EUR 20.7 billion for fiscal year 2023, a record level for the company.

TUI's business spans several segments:

• Hotels & Resorts: TUI operates over 400 hotels and resorts under premium brands like RIU, TUI Blue, and Robinson in 19 countries. Most properties are located in Spain and other Mediterranean destinations.

• Cruises: The company owns 16 cruise ships across brands like TUI Cruises, Marella Cruises and Hapag-Lloyd Cruises.

• Tour operators: TUI owns 39 tour operators across Europe, including major brands like TUI, First Choice, and Nouvelles Frontieres.

• Airlines: TUI operates five airlines with over 130 aircraft.

• Travel agencies: The group has around 1,200 travel agencies across Europe.

• Destination experiences: TUI offers tours, activities and transfers in holiday destinations through its TUI Musement division.

In recent years, TUI has focused on expanding its digital platforms and transforming into a digital company. The group is also emphasizing sustainability, with initiatives like the TUI Care Foundation that supports projects in 25 countries.

For summer 2024, TUI is seeing strong early bookings, with reservations up 13% compared to summer 2023. The company expects underlying EBIT to grow by at least 25% and revenue to increase by at least 10% in fiscal year 2024.