Tui narrows full-year earnings guidance

(Sharecast News) - Holiday and cruise specialist Tui Group narrowed its earnings guidance on Tuesday, following a fall in summer bookings. Updating on trading, the German leisure giant said it now expected earnings before interest and tax to come in between €1.2bn and €1.3bn, compared to previous guidance for €1.1bn to €1.4bn. Revenue guidance remains suspended.

The group - Europe's largest tour operator - said it had seen "strong demand" in the final three months of the year in its holiday experiences portfolio. Booked occupancy improved by 4% in hotels and resorts across all destinations, while in cruises, booked occupancy was unchanged on previous years, despite increased capacity.

It acknowledged, however, that customers were booking holidays later than normal, in response to geopolitical and economic uncertainty.

It also flagged a weaker performance in its markets and airline unit, with booked revenue for summer 2026 down 5% on the previous season, and by 7% for winter 2026/27. However, Tui insisted it was continuing to see "encouraging" booking momentum in the division.

"In this environment, we continue to carefully manage capacity, retaining the flexibility to adjust capacity in line with customer demand," the company added.

As at 0915 BST, the Frankfurt-listed stock was off 2%.

Tui is due to publish full-year results on 9 December.