TUI Books Record Revenue Thanks to Cruises and Dynamic Packaging [Yahoo! Finance]
EASYJET PLC S/ADR (ESYJY)
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Source: Yahoo! Finance
TUI saw record revenue of $4.6 billion (€4.3 billion) in the quarter — a 15% rise from the same period last year, despite the usual winter travel lull. “In a persistently challenging environment, people's high willingness to travel ensures strong economic development in all areas of the group,” TUI's CEO Sebastian Ebel said. While almost all travel segments contributed to the uptick, the company's “holiday experience” segment — which includes hotels, resorts, cruises and activities — played an outsized role in increasing revenue. TUI's management attributed some of the results to investing in dynamic packaging options during booking. Cruise revenue increased by 44.7% from last year and hotel revenue increased by 19.3%. Both saw a significant rise in rates and capacity. “We are almost at the 100% we are used to seeing when it comes to occupancy,” Ebel said in a press call on Tuesday morning. “So this is a very very good development.” TUI Musement, the experiences division
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