TUI CEO Joussen Sees Growth in Cruises, Turkish Bookings

The transcript discusses the company's performance, highlighting a 12% earnings growth driven by increased revenue and customer bookings. Seasonal booking trends show strong winter and summer bookings, with Turkey experiencing a 70% increase despite political tensions. The impact of Brexit on UK tourism is examined, noting a margin squeeze due to the weak pound, but stable customer spending and a shift towards cost-competitive destinations like Croatia and Bulgaria.

What was the primary driver for the firm's 12% earnings growth this year?

• Cost-cutting measures

• Partnerships with other firms

• New product launches

• Revenue increase

Which region showed a significant recovery in summer bookings, increasing by 70% year over year?

• Caribbean

• Spain

• Turkey

• Greece

How did the firm respond to the potential scarcity of quality hotel stock in Turkey?

• Reduced hotel contracts

• Increased marketing efforts

• Extended hotel contracts

• Opened new hotels

What was the impact of the weak pound on the firm's UK operations?

• Higher customer satisfaction

• Reduced competition

• Margin squeeze

• Increased revenue

Which destinations have become more popular among UK customers due to competitive cost structures?

• Greece and Cyprus

• Italy and France

• Spain and Portugal

• Croatia and Bulgaria