LONDON -Europe’s biggest tour operator TUI on Tuesday confirmed its annual and mid-term financial targets as steady demand offset the impacts of a competitive market, summer heatwaves and the conflict in the Middle East.
Shares were up 2.5% in early trading.
TUI raised its annual earnings forecast in August as it saw particular success in its Hotels and Resorts sector as well as its Cruises business. The German travel company said it also saw a positive start to the 2025/2026 winter season.
Airline bookings for the summer season dropped 2% year-on-year, with the German market seeing a particularly steep drop of 5%, TUI said in a statement.
The summer travel season is crucial for airlines and tourist businesses, with many operators making up for losses earlier in the year during these peak holiday months.
Destinations such as Turkey, the Canary Islands and Egypt continued to see strong bookings, the company said.
TUI will announce its results for the 2025 financial year on December 10.
(Reporting by Bernadette Hogg and Joanna Plucinska, Editing by Louise Heavens and Bernadette Baum)
