TUI AG, one of the world’s most successful and well known travel tour groups, has just announced their Half Year Financial report. Furthermore, TUI’s CEO, Fritz Joussen now says his company is well positioned for growth. With Europe rapidly becoming a stagnant market over east vs west tensions, just how solid are TUI or any other big tour company’s projections?
Europe’s leading tour operation, TUI Travel, has just announced their first half of 2013 sales figures. According to TUI losses of some £346 million were actually less than some expected. The company pointed to strong markets in the UK and in Scandinavian countries as having relieved a unprofitable Winter.
Already this week, travel news seems a bit on the up-and-up with positive looks at WTM London, as well as great financial news from players like Priceline. I know we are thinking; “Is tourism coming out of the woods here? Regardless, here’s some positive news bits.
Last Thursday Expedia Inc. announced their Q3 profits beating analyst projections. According to their release (PDF), the world’s biggest OTA’s hotel revenue propelled the unexpected winnings. Shares of Expedia too an appropriate jump, closing up more than 15 percent. According to Expedia hotel revenue increased some 20 plus percent on gross bookings of some $9 […]
The financials are in from Expedia. According to the reports, wile quarter 4 revenue was up by 6.7% at $787.1 million compared with the previous year, expenses took their toll virtually eliminating and growth for 2011.