Mein Schiff

DGAP-News: TUI Group returns first credit lines of around 700 million euros

Retrieved on: 
Friday, April 1, 2022

As announced and agreed, TUI is also returning the first part of the credit lines provided during the pandemic on 1 April 2022.

Key Points: 
  • As announced and agreed, TUI is also returning the first part of the credit lines provided during the pandemic on 1 April 2022.
  • Fritz Joussen, CEO TUI Group: "TUI was a very healthy company before the pandemic.
  • The company returns
    - the 91 million euros bond portion of the 150 million euro warrant bond fully subscribed by WSF.
  • The TUI Group offers integrated services from a single source for its 27 million customers, 21 million of them in the European national companies.

TUI AG: Annual Financial Report - Part 1

Retrieved on: 
Wednesday, December 8, 2021

Average rate per bed increased by 15% to 73 due to mix and normalisation in pricing as volumes recovered (FY20 Q4: 64).

Key Points: 
  • Average rate per bed increased by 15% to 73 due to mix and normalisation in pricing as volumes recovered (FY20 Q4: 64).
  • 331 of our group hotels were operating (92% of 359 group hotels) as at the end of the financial year.
  • The Cruise segment reported a Q4 underlying EBIT loss of 43m (FY20 Q4: 125m loss including impairments of 22m).
  • The remaining FY21 savings were delivered across corporate head office functions and other entities, TUI Musement and Hotels & Resorts.

Sabre announces a strategic partnership with TUI hotels to enhance the digital travel experience

Retrieved on: 
Wednesday, November 17, 2021

In the course of the partnership, around 70 hotels of the TUI portfolio will use Sabre's platform solution, including SynXis Central Reservations (CR) and Channel Connect, to enable its new distribution strategy.

Key Points: 
  • In the course of the partnership, around 70 hotels of the TUI portfolio will use Sabre's platform solution, including SynXis Central Reservations (CR) and Channel Connect, to enable its new distribution strategy.
  • Through their combined expertise in the leisure segment, TUI and Sabre willseek to implement an innovative revenue generation strategy that will help fuel travel's recovery and anticipate future business needs.
  • This partnership supports TUI's long-term strategy to deploy innovative technology to enhance its operations and improve the guest experience.
  • Sabre also operates a leading global travel marketplace, which processes more than US$120 billion of global travel spend annually by connecting travel buyers and suppliers.