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    A $100 Billion Investment Imperative: Turning Clean Fuel Ambition into Progress by 2030.

    Chief Economists Perceive Relative Resilience but Remain Concerned about Asset Prices, Debt and Geoeconomic Tensions

    PHOTO CREDIT-Jamaica’s tourism

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  • National
    • All
    • Economy & Politics
    • Election

    Historic reforms for farmers’: Union Agriculture Minister Shivraj Singh Chouhan shares details of new Seed Act

    PHOTO CREDIT-Jamaica’s tourism

    Jamaica’s Tourism Sector Rebounds Following Impact of Hurricane Melissa with Major Developments Underway

    219th Flower Show at Lalbagh from January 14 to 26

    Union Minister Shri Shivraj Singh Chouhan to visit Gujarat on January 13

    From Ayodhya to Bengaluru: Cultural Initiative Advances Construction of Shri Salasar Balaji (Hanuman) Temple in Bengaluru

    L-R] Dr. PS Manjula, Dean, Students Affairs, University of Madras, Shiv Kakkar, Director, Mapping Skills Technology, Dr. S Armstrong, Member, VC convener committee, University of Madras

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  • Business

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    Credits-
WHO/G. Borrero
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  • Technology
    • All
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Photo credit: ADAMA

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  • Auto

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PHOTO CREDIT-JSW MG Motor India

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  • Sports

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  • Entertainment

    UNDP Goodwill Ambassador and ‘Game of Thrones’ star Nikolaj Coster-Waldau highlights Odisha’s mangrove restoration story in global documentary series

    House of McDowell’s Soda Yaari Jam, India’s Biggest Branded Live IP, Touches down in Kolkata

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  • Lifestyle
    • All
    • Food
    • Travel

    Pullman Chennai Anna Salai Celebrates Pongal with a Farm-to-Fork Tamil Harvest Buffet Thursday,15th of Jan 2026-

    PHOTO CREDIT-Malaysia Aviation Group

    Malaysia Airlines Celebrates Resumption of Direct Flights to Chengdu,Strengthening Connectivity to Western China 

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TUI Group ready to resume travel activities

Pandemic halts strong start to financial year 2020

FWM by FWM
May 13, 2020
in Business
0
Headquarter TUI Group – Karl-Wiechert-Allee 4, D-30625 Hanover (© 2017 TUI Group)

Headquarter TUI Group – Karl-Wiechert-Allee 4, D-30625 Hanover (© 2017 TUI Group)

Hanover, 13 May 2020

Global realignment and cost reductions decided / Group transformation to be accelerated

  • CEO Fritz Joussen: “People want to travel. Europe must now gradually open up. Summer holidays are possible responsibly and with clear rules. We will reinvent the holiday in 2020.”
  • TUI hotels in Germany and Europe ready to go. Increased hygiene and safety measures for all tourism activities of the Group.
  • Strong start to the 2020 financial year before the pandemic: turnover grows by +6 per cent to 6.0 billion euros in the first five months. Operating underlying EBIT after five months +21 per cent to -240 million euros1 2
  • First bookings for summer 2021: +114 per cent
  • Occupancy rate TUI Cruises 2021 at normal level 
  • Targeting 30 per cent overhead cost reduction across the Group
  • Available liquidity (as of 10 May 2020): 2.1 billion euros

TUI is ready for an early resumption of travel activities in Germany and Europe. Barely two months after almost all business units had to be shut down due to the worldwide travel bans, the tourism group is prepared for a resumption of its operational activities. TUI’s first hotels on Sylt and in Mecklenburg-Western Pomerania will open their doors for guests in the coming days. TUI’s hotels and clubs in European destinations are also ready to welcome holidaymakers. A 10-point catalogue for increased hygiene and protection measures is currently being implemented in the Group’s hotels worldwide, offering guests the greatest possible safety. Fritz Joussen, CEO TUI Group: “The safety and well-being of our guests and employees around the world continue to be our top priority. Summer holidays in Europe can now gradually be made possible again – responsibly and with clear rules. Organised travel offers great advantages especially now: With the trusted TUI brand, we offer safety, local support and, in special situations, guarantee the return journey home. Together with the destinations and our partners we have developed extensive measures to protect our guests. The demand for holidays is still very high. People want to travel. Our integrated business model allows us to start travel activities as soon as this is possible again. The season starts later, but could last longer. For 2020 we will also reinvent the holiday: New destinations, changed travel seasons, new local offerings, more digitalisation.”

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