Tenth Consecutive Quarter of Underlying EBIT Growth
The first quarter of fiscal year 2025 marked the tenth consecutive quarter of underlying EBIT growth, supported by strong performance in the hotel, cruise, and TUI Musement segments.
Revenue Growth
Overall revenues increased by 13%, driven by strong performance in holiday experiences.
Hotel and Resorts Performance
Hotel and resorts segment saw a €60 million increase, with bed nights up 3%, occupancy up 2%, and daily rates increasing by 5%.
Cruise Segment Improvement
The cruise segment improved by €14 million, with capacity up 10% and rates increasing by 4%.
TUI Musement Growth
TUI Musement recorded a €9 million increase, with experiences growth at 12% and 20,000 more customers entering the ecosystem.
Positive Outlook for Holiday Experiences
Q2 trading for holiday experiences remains strong with increased demand and higher rates for unique products.
Strong Financial Position and Rating
The company received a BB rating from Fitch, matching pre-pandemic levels and indicating a strong financial position.