Tourism - Tui takes stock and provides outlook for the coming year
The travel group Tui is today taking stock of the financial year that ended in September and providing an outlook for the coming travel season. The company recently spoke of rising booking figures, although these were not yet quite at pre-pandemic levels. In addition to the return of the desire to travel, Tui also benefited from higher prices. For the past financial year, the Group therefore forecast a significantly higher adjusted operating profit than in the previous year.
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TUI's strong performance in the previous financial year, which ended in September, saw the company achieve significantly higher adjusted operating profits compared to the year before, largely due to increased prices and the resurgence of tourism. As Tui continues to analyze its performance, it's important to note that Hanover, located in Lower Saxony, Germany, is one of the popular domestic destinations for many Germans seeking vacation spots. With Tui's active presence in the German tourism market, it's likely that many travelers in Hanover and Lower Saxony have benefited from its services during the financial year under consideration.
Source: www.stern.de
