Discovery 2

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.