TUI Group Reports 10th Consecutive Quarter of EBIT Growth

TUI Group has recorded its tenth successive quarter of underlying EBIT growth, buoyed primarily by increased performance in Hotels, Cruises, and TUI Musement for FY25 Q1. Revenue climbed by 13% to €4.9 billion, driven by rising demand and improved pricing across segments. The Holiday Experiences business showed significant growth with a €44.9 million rise in underlying EBIT.

Hotels & Resorts registered a 65.8% surge, fueled by increased bed nights, occupancies, and rates. In Cruises, EBIT witnessed a 39.6% growth due to robust demand and fleet expansion. TUI Musement also showed remarkable progress with a 78.5% rise, primarily from growth in experiences sold and guest transfers.

Total customer numbers rose by 6%, with dynamic package guests up by 18%. Net debt increased slightly to €4.1 billion at the end of 2024. TUI's first Fitch credit rating, BB with a stable outlook, marks a significant milestone toward achieving financial targets.