The Hotels & Resorts segment comprises all group-owned hotels and hotel shareholdings. Dissemination of a Regulatory Announcement, transmitted by EQS Group. 2003-2023 AnnualReports.com . All rights reserved. With the entire Cruises fleet in operation, available passenger days in H1 2023 are significantly higher than last year. RT is not responsible for the content of external internet sites. The last two financial quarters have shown that the Group continues to stabilise. As a result, good demand meant the usual seasonal minus in the underlying EBIT was almost halved to -153 million euros (previous year: -274 million euros). Frequent-Flyer Miles Are Hotter Than Cash This Summer, AI in Hollywood Has Gone From Contract Sticking Point to Existential Crisis, US Companies Caught in Diversity Crossfire Are Frozen by Uncertainty, Women Hold a Third of S&P 500 Boards Seats With Gains in June, Cooling Technologys Next Act Could Be Even More Important Than TodaysHeat Pumps, China Issues Highest Rain Alert, Boosts Flood Control Measures, Phoenixs RapidGrowth Magnified Its Vulnerability to Heat, Singaporeans Turn Empty Spaces in Public Housing Into Libraries, Gardens, Moodys to Consider Exiting Londons Canary Wharf in Latest Threat to District, Wall Street Banks Side With Nemesis Elizabeth Warren on Crypto Crackdown, Binance Asks Court to DismissCFTCs CryptoLawsuit. See TUI Group Annual Report 2022 from page 27. Compared to the pre-pandemic winter, prices are 29 per cent higher. Financial Calendar - TUI Group All measures for efficiency programme implemented - savings target to be around 90 per cent achieved in 2022 As a result, passenger days quadrupled to 1.0 million. Tui Ag: Notice of 2022 Annual Report & Accounts The ongoing tourism business and the consistent implementation of the initiated realignment have significantly reduced the usual seasonal loss in the first financial quarter to -274 million euros (previous year: -676 million euros). PepsiCo Positive . TUI Group is a leading global tourism group and operates worldwide. The number of transfers almost tripled to 3.3 million. Cooperation Requests. The measure creates a better starting position for TUIs refinancing. By clicking on Accept you are agreeing to the use of non-essential cookies. The agreement with the WSF is the basis for the corresponding resolutions in today's virtual TUI AGM. Consolidated Statement of Comprehensive Income, Consolidated Statement of Financial Position, Consolidated Statement of Changes in Equity. The unit's underlying EBIT of -13.0 million euros was on a par with the previous year (-12.7 million euros) due to increased investment in distribution. Capital reduction through share consolidation. The start of the new year has seen a significant increase in booking momentum with the UK and German markets having experienced very strong booking days. The reasons for this are, above all, the increased demand for package holidays as well as for higher-value offers and more additional services, for example upgrades in hotel or room category. 1excluding UK S22 re-bookings rolled over from previous seasons, some of which included a rebooking incentive. Currently, a trend towards short- term bookings is still noticeable, but confidence in progress in ending the pandemic is increasing and holiday bookings are picking up significantly. All other segments takes care of business operations for new markets and central corporate and tourism functions. AnnualReports.com 20, is not subject of an auditor's review. These cookies help us to understand how visitors engage with our website. Here you will find a page reference to further information within the annual report. To continue reading it, access the original document here. The current positive development in bookings is also reflected in the Holiday Experiences segment. The Cruises segment consists of Hapag-Lloyd Cruises, Marella Cruises and the joint venture TUI Cruises. Click here to view all 7 pictures in a slideshow. Corporate Governance & Compliance. Athletics announces 2023 Hall of Fame Class For more information, including the processing of data by third party providers, see our Cookie Notice. The Western Region segment comprises tour operators in Belgium, the Netherlands and France. Genoa based international shipping, logistics and trading company, Fratelli Cosulich Group proudly presents its annual report for FY 2022, The company reported a remarkable 74.5% year-on-year increase in net profit for the financial year ending on 31 December 2022 (FY 2022). Heat in Greece is over - winds fuel fires, Greece sees some wildfire respite, though stubborn blazes rage on, Situation in Greek fire areas slightly eased, Extreme weather in the Mediterranean - fighting flames, violent storms, KLM, major airlines appeal against Schiphol flight curbs, Consumer Center: Hotel prices for the 2024 Olympics are rising sharply, Travel companies bring thousands of Rhodes vacationers back early, Greek PM warns of difficult days ahead as wildfires rage. The Central Region consists of tour operators and airlines in Germany and tour operators in Austria, Poland and Switzerland. 3.3 million guests travelled with TUI in the first quarter (previous year: 2.3 million). They include cookies for the operation and optimization of the website as well as cookies for analyses, retargeting and to provide personalised content on websites by third party providers. Today TUI is leaner and more efficient than ever. Swift implementation of the strategy is having an effect, booking dynamics for Summer 2023 are encouraging. This reference, as a cross-reference not provided for by law or by the German Accounting Standards (DRS) No. For more information, including the processing of data by third party providers, see our Cookie Notice. TUI Musement also reduced its seasonal quarterly loss, with underlying EBIT at -13 million euros (previous year: -33 million euros). You will find the Imprint here. In contrast to the previous year, all business units were fully operational in the reporting period. It operates through the different segments: Hotels & Resorts, Cruises, Destination Experiences, Markets & Airlines, divided into Northern Region, Central Region and Western Region, and All other segments. TUI CEO Sebastian Ebel: "Our strategy is clear: quality, cost discipline and winning market share. Average prices are further up on the previous year at +22 per cent. Capital reduction through share consolidation. Aug 01, 2023 | Published by: Kentley Insights | USD 295 . Declaration of compliance, Section 161 AktG. This is an excerpt of the original content. The Central Region consists of tour operators and airlines in Germany and tour operators in Austria, Poland and Switzerland. 2023 First-half results - Kering becomes a significant shareholder of Valentino. Occupancy on many cruises is close to the peaks last seen in 2019. The Group is transforming itself into a digital company. With the successful second capital increase of 1.1 billion euros, TUI AG's equity1 improved from 3.0 billion to over 4 billion euros on a pro forma basis. The Western Region segment comprises tour operators in Belgium, the Netherlands and France. 9th August 2023. The aim now is to implement the measures we agreed on properly and very swiftly. Unless stated otherwise, all change figures refer to the corresponding period from the previous year. These cookies are required to enable you to navigate through the websites and use key functions. From Ireland, the New Economy Gateway series brings together regional leaders to discuss, analyze and propose solutions to the global economys most pressing problems. Cruise Industry News | Cruise News Global responsibility for sustainable economic, ecological and social action is at the core of our corporate culture. 1 We define the EBIT in underlying EBIT as earnings before interest, income . TUI will be their partner for holidays, leisure and experiences - not only when they are travelling, but in their home countries too. The issuer is solely responsible for the content of this announcement. TUI AG: NOTICE OF 2022 ANNUAL REPORT & ACCOUNTS, TUI AG (the Company) announces that its Annual Report & Accounts for the financial year ended 30 September 2022 have been submitted to the National Storage Mechanism and will shortly be available for inspection at, https://data.fca.org.uk/#/nsm/nationalstoragemechanism, . 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To help you navigate through this report, we have created this PDF with links throughout. We are working on this relentlessly. Annual Report 2022-2023 - Tui Motu InterIslands Magazine All change figures refer to the previous year, unless otherwise stated. Real gross domestic product (GDP) increased at an annual rate of 2.4 percent in the second quarter of 2023 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. Report on gender equality and equal pay. Unless stated otherwise, all change figures refer to the corresponding period from the previous year. T H E F O L L O W I N G S Y M B O L S A R E U S E D F O R C R O S S - R E F E R E N C E S : This is a cross-reference provided by law and/or audited by the auditor as part of the audit of the financial statements. Bookings for the summer have jumped 13% compared with the same period last year and reached 96% of bookings in the summer of 2019, the last summer before COVID-19 restrictions hit. New products, additional customers and as a result more market share and above average growth are the basis for future increases in revenue and earnings. You will find the Imprint here. The following symbols work in a similar way to a website: 52 Overall Assessment by the Executive Board and Report on expected Developments, 267 Report of the Independent Auditor Regarding the consolidated non-financial statement. TUI repaid state financial aid in full earlier this year and reported a narrower quarterly underlying earnings before interest and tax (EBIT) loss of 242m, up 88m over last year. Tui deploys additional aircraft due to forest fires on Rhodes, Fires on Rhodes rage on - special flights for tourists, TUI extends UK-Rhodes flight cancellations up to Friday, TUI UK CANCELS ALL OUTBOUND FLIGHTS TO RHODES UP TO AND INCLUDIN, Some strikes at UK airport Gatwick cancelled, suspended - union, Tour operators cancel Rhodes trips - special flights to Germany, Jet2 adds more flights to bring Britons back from Rhodes, China stimulus impatience keeps lid on sentiment, Fires on Rhodes rage on - tourists not in danger, Up to "10,000 Britons" on Rhodes as Tui, Jet2 repatriate holidaymakers, Jet2, TUI Cancel Booked Flights to Greek Island Amid Wildfires, Repatriation flights head for Greece as wildfires force tourists to flee, Greek wildfires: Rhodes burns through the night, Ireland's Ryanair Continues Normal Flight Operations on Greek Island Amid Wildfire, Forest fires on Rhodes: Thousands of tourists must be taken care of. Download this and previous annual reports by simply selecting the year. Upgrade Your Profile and unlock all your annual reports. Due to the re-segmentation of Future Markets from All other segments to Hotels & Resorts, TUI Musement and Central Region in . If you don't want that, you can Decline All the use of cookies or change your Settings at any time. More than four times as many guests travelled with TUI in the first quarter of 2022 as in the same period last year. Federal Gazette and, for the first time, also in XHTML/iXBRL format, taking into account the requirements of the European Single Format (ESEF) Regulation. TUI AG: NOTICE OF 2023 ANNUAL GENERAL MEETING - Markets Insider Save your settings with the button I Agree. The number of tours, excursions and activities sold multiplied to a total of 1.1 million. According to the 2020 Annual Report (page 130), the company's executives agreed to a "voluntary waiver of 30% of their fixed remuneration for the months of April and May 2020". As a result, good demand meant the usual seasonal minus in the underlying EBIT was almost halved to -153 million euros (previous year: -274 million euros). Almost all areas contributed to the improvement in earnings development. State 404 Program Annual Report, July 1, 2021 - June 30, 2022 Final Report May 10, 2023 | Page 14 of 198 Long-Term Projects DEP reviews long-term projects pursuant to the process described in the State 404 Applicant's Handbook Section 5.3.2-3 and Rule 62-331.051, F.A.C., as detailed and accepted in Florida's 404 assumption package. We use cookies to provide you with an optimized website experience. Choose which cookies are permitted by using the Status-Switch. You can find further information on the use of cookies at any time in our Cookie Notice and our Privacy policy. It operates through the different segments: Hotels & Resorts, Cruises, Destination Experiences, Markets & Airlines, divided into Northern Region, Central Region and Western Region, and All other segments. At the same time, revenue significantly improved by 1.4 billion euros to 3.8 billion euros compared to the same period of the previous year (2.4 billion euros). Only at the end of November and in December was there a short-term dampener due to the Omicron variant, which had not yet been conclusively researched at the time. TUI Group in Q1 2022: Revenue quintupled, seasonal quarterly loss significantly reduced, Hotels & Resorts operating result positive again / Liquidity also high in winter quarter / Return of around 0.7 billion euros in state aid as of 1 April / Focus on growth again after transformation / Outlook for summer 2022: strong upturn in booking momentum This reference, as a cross-reference not provided for by law or by the German Accounting Standards (DRS) No. First published on Tue 18 Jul 2023 15.02 EDT. Information on shares held by Henkel AG & Co. KGaA and the Henkel Group as of Dec. 31, 2022 (120.21 KB) Add to my collection. To help you navigate through this report, we have created this PDF with links throughout. . The TUI Care Foundation, initiated by TUI, focuses on the positive effects of tourism, on education and training and on strengthening environmental and social standards with projects in 25 countries. TUI will be their partner for holidays, leisure and experiences - not only when they are travelling, but in their home countries too. Photo: Daniel Acker/BLOOMBERG NEWS. You can find further information on the use of cookies at any time in our Cookie Notice and our Privacy policy. TUI : Annual Report 2022 | MarketScreener We want to, we can and we will find our way back to economic strength. This is an excerpt of the original content. TUI AG - AnnualReports.com . TUI Group is a leading global tourism group and operates worldwide. The January 2022 Report to Congress detailed four areas of NQTL enforcement . The state waives the right to convert the two instruments into TUI shares at 1.00 euro per share until the end of 2023 in order to enable the repayment. The IPA annual report 2022 to 2023 supports the government's commitment to transparency, improving the delivery of infrastructure and major projects and delivering public services effectively . Average prices for Winter 2022/23 are currently 8 per cent higher than last year. TUI Annual Report 2018. These cookies are required to enable you to navigate through the websites and use key functions. TUI : Annual report FY22 | MarketScreener Due to the very good and sustainable operating performance, in particular in the past summer, TUI reached an agreement with the Economic Stabilisation Fund (WSF) in December on the conditions for a full repayment of the remaining WSF aid. Results. Tui deploys additional aircraft due to forest fires on Rhodes, Fires on Rhodes rage on - special flights for tourists, TUI extends UK-Rhodes flight cancellations up to Friday, TUI UK CANCELS ALL OUTBOUND FLIGHTS TO RHODES UP TO AND INCLUDIN, Some strikes at UK airport Gatwick cancelled, suspended - union, Tour operators cancel Rhodes trips - special flights to Germany, Jet2 adds more flights to bring Britons back from Rhodes, China stimulus impatience keeps lid on sentiment, Fires on Rhodes rage on - tourists not in danger, Up to "10,000 Britons" on Rhodes as Tui, Jet2 repatriate holidaymakers, Jet2, TUI Cancel Booked Flights to Greek Island Amid Wildfires, Repatriation flights head for Greece as wildfires force tourists to flee, Greek wildfires: Rhodes burns through the night, Ireland's Ryanair Continues Normal Flight Operations on Greek Island Amid Wildfire, Forest fires on Rhodes: Thousands of tourists must be taken care of. Markets & Airlines All rights reserved. TUI AG: NOTICE OF 2022 ANNUAL REPORT & ACCOUNTS 14-Dec-2022 / 16:28 CET/CEST 2023 PepsiCo Proxy Statement. Thanks to the recovery in the tourism business and the consistent implementation of the Group's transformation and realignment, TUI maintains a strong liquidity position even in the winter quarter, which is typically weaker for the industry. Distributed by Public, unedited and unaltered, on 08 December 2021 07:31:02 UTC. At the same time, revenue was quintupled compared to the same period of the previous year and reached 2.37 billion euros, up from 468 million euros in the first quarter of 2021. TUI Group Reports Q1 Results - Cruise Industry News The Hotels & Resorts segment comprises all group-owned hotels and hotel shareholdings. The corresponding capital has already been authorized at the 2022 Annual General Meeting. As of 30 January, a good 3.5 million TUI customers had booked a trip for Summer 2022. Health Management and Occupational Safety. December 2023. The formula is: new products, additional customers, increasing market share. The Group is headquartered in Germany. In financial year 2018, TUI Group recorded turnover of 19.5bn and an operating result of 1.147bn. Ford Raises Profit Forecast After Strong Earnings Report - WSJ 12/14/2022 | 10:10am EDT 2022 ANNUAL REPORT "We used the pandemic to set ourselves up as solidly as possible for the time to come. These cookies help us to understand how visitors engage with our website. Return of around 0.7 billion euros in state aid Distributed by Public, unedited and unaltered, on 14 December 2022 07:05:09 UTC. And, whether you're looking for an action-packed family beach break, or a luxury couples' holiday, we've got the getaway for you. The swift implementation of the strategy is having an effect. The Board held three meetings in 2022-2023. TUI AG published this content on 08 December 2021 and is solely responsible for the information contained therein. But it will continue to set standards in tourism in terms of quality, innovation, and sustainability. TUI Group is the worlds number one tourism group operating in around 180 destinations worldwide. This is an excerpt of the original content. It is still important for us to strengthen the balance sheet, i.e. They include cookies for the operation and optimization of the website as well as cookies for analyses, retargeting and to provide personalised content on websites by third party providers. Key documents for Annual Congress 2018: TUI Annual Report 2017 TUI Annual Congress 2018 Final Agenda TUI Annual Accounts 2017 . Revenue was five times higher than in the same period last year. TUI shares are listed on the FTSE 250, an index of the London Stock Exchange, on the regulated market of the Hanover Stock Exchange and on the Open Market segment of the Frankfurt Stock Exchange. The United Kingdom and Denmark are leading the way. FY20 Full-Year Results. All Inclusive Family Holidays Adults Only Holidays SEE ALL BEACH HOLIDAYS OTHER POPULAR HOLIDAY TYPES In Hotels & Resorts, 71 per cent occupancy for H1 2023 (October 2022 to March 2023) is significantly above the previous year (56 percent). The present Half-Year Financial Report 2023 is based on TUI Group's reporting structure set out in the Consolidated Financial Statements of TUI AG as at 30 September 2022. You can find further information on the use of cookies at any time in our Cookie Notice and our Privacy policy. These cookies are required to enable you to navigate through the websites and use key functions. All rights reserved. The agreement sets out the terms and conditions for the repayment of Silent Participation I for a nominal amount of 420 million euros and the remaining part of a warrant bond subscribed by WSF for a nominal amount of 59 million euros as well as accrued interest. The number of transfers also rose by more than half to 5.0 million in the period under review. TUI AG has reached its limit for free report views. You will find the Imprint here. Michigan State will induct nine Spartans into its Athletics Hall of Fame on Friday, Sept. 15, as part of its annual "Celebrate" weekend. These can not be disabled. TUI AG is a Germany-based integrated tourism group. Here you will find a page reference to further information within the annual report. For customers that means more choice, more per- sonalised options and greater flexibility. "It will be a strong summer and a good financial year 2023 with a significantly higher operating result," CEO Sebastian Ebel said in a statement. Germany-based TUI operates holidays . The Board of the Independent Catholic Magazine has served the Company well during the 2022-2023 financial year. Tui Motu Community Highlights - Annual Report. Tui Motu Community Highlights Annual Report 2022-2023 3.3 million guests travelled on holiday with TUI in Q1 2023 - one million more than in the same period last year. This report was published on 14 December 2022. Annual Congress 2023. The Annual Report of TUI Group and the financial statements of TUI AG are available in German and in English: https://www.tuigroup.com/en-en/investors/annual-reports, Consolidated Statement of Comprehensive Income, Consolidated Statement of Financial Position, Consolidated Statement of Changes in Equity. Tui Ag: Interim Report Q1 2023 1 October 2022 - 31 December 2022 | Uk The Group also includes leading tour operator brands and online marketing platforms across Europe, five airlines with more than 130 modern medium and long-haul aircraft and around 1,200 travel agencies. The TUI Annual Report 2018 was published in a set with a magazine. Financial reports - Lufthansa Group Investor Relations Due to the encouraging booking development the Group confirms its outlook: Underlying EBIT for the 2023 financial year is expected to increase significantly. Fincantieri Reports First Half Year Results for 2023 July 27, 2023 Alaska Shore Excursion Railroad Reaches Tentative Union Deal July 26, 2023 New Carnival Jubilee Gets Its Funnel July 26, 2023 Royal Caribbean's Anthem of the Seas to Sail from Singapore July 26, 2023 Chimu's Chad Carey Joins IAATO's Climate Change Committee July 26, 2023 Compared to the average prices before the pandemic the increase is currently 24 per cent. The contents bar in the left margin allows you to see where you are in the report (highlighted with blue text) and allows you to move to another area. However, new bookings are now over 100 per cent of the level of Summer 2019, so the Group expects Summer 2022 to be close to the pre-crisis level. Mein Nisinta Seirbhse Poibl na hireann. In the last four weeks, overall volumes exceeded pre-pandemic levels with higher average prices. 2021 Annual Report . The contents bar in the left margin allows you to see where you are in the report (highlighted with blue text) and allows you to move to another area. TUI AG is a Germany-based integrated tourism group. Report and Accounts . Updated July 27, 2023 6:03 pm ET. As in the previous year, people are booking higher quality and planning a higher budget for their summer holidays. Greece fires: Does travel insurance cover wildfires? For further details please see page 62. 783 Views Bunker One has conducted the first bunkering of B30-blend fuel for TUI Cruises Mein Schiff 4, calling Port of Aarhus as part of a voyage beyond the Barents Sea to the islands of Svalbard. The changes in our country and the world because of the pandemic have influenced our way of meeting and the challenges to the magazine production calling us to adapt accordingly. Global responsibility for sustainable economic, ecological and social action is at the core of our corporate culture. The formula is: new products, additional customers, increasing market share. Underlying EBIT for the Western Region was -43.7 million euros, down on the previous year (-32.4 million euros), particularly due to the situation at Amsterdam Schiphol Airport. Now is the right time to take these steps.". Red Dot Design Award: TUI Annual Report 2018 We see a very strong booking dynamic for Summer 2022. This Annual Report 2022 of the TUI Group was prepared for the reporting period from 1 October 2021 to 30 September 2022. You will find the Imprint here. Source: TUI Annual Reports for 2020 and 2019. Holidays 2023 / 2024 | TUI.co.uk The TUI Care Foundation, initiated by TUI, focuses on the positive effects of tourism, on education and training and on strengthening environmental and social standards with projects in 25 countries. All measures of the efficiency programme launched in 2020 have already been implemented. Images Courtesy of Getty Images. He added that "it's annoying because our numbers would've been better" if the company had not had to implement these costly measures. Based on this solid operational and economic development, we also want to further strengthen our balance sheet: at today's Annual General Meeting, the final step towards refinancing the state aid is to be initiated. Equity divided by balance sheet total in %, variance is given in percentage points. 20, is not subject of an auditor's review. To continue reading it, access the original document here. Year Founded: 1923 Headquarters: Crawley, UK Current Chief Executive: Peter Long Please note that some of these numbers are easier to find than others.