TUI AG: Annual Financial Report - Part 1
Retrieved on:
Wednesday, December 8, 2021
Environment, TUI Cruises, ASPS, Exploration, Digital, Appetite, IFRS, Growth, Discovery 2, Central, Holiday, Intention, Market, Discovery, News, Hapag-Lloyd, Mein Schiff, Revolution, Vaccination, Mövenpick Hotels & Resorts, Easter, TUI, 40, ASP, KfW, Travel, IAS, EBIT, Airline, Marella, FTE, Tourism, Online shopping, Self storage, Silviculture, Renewable energy
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.