Tui Reports Strong Growth as Travel Demand Remains Resilient

Europe's largest travel operator sees profits rise by a third, driven by increased bookings and higher prices, with strong demand for Mediterranean destinations.

Tui's annual revenue rose 12% to €23.2 billion, with a 33% increase in pre-tax profits to €1.3 billion for the financial year ending September 2024.
The company served 20.3 million travelers this year, a 7% increase from 2023, but still slightly below pre-pandemic levels from 2019.
Mediterranean destinations such as Mallorca, the Canary Islands, Greece, and Turkey remain highly popular, while budget-conscious travelers are opting for Tunisia, Egypt, and Bulgaria.
Tui expects further growth in 2025, forecasting a 5-10% increase in revenue and a 7-10% rise in pre-tax profits, although at a slower pace than this year.
The company continues to recover from its pandemic-era financial struggles, reducing its net debt by €500 million to €1.6 billion, while benefiting from the exit of competitor FTI in the German market.