Europe’s largest tour operator TUI has reported preliminary full-year results for 2025 above guidance but has given a more conservative outlook for 2026. The tour operator, Europe’s largest, achieved underlying earnings before interest and taxes of €1.46bn at constant currencies for fiscal year ended on 30 September.
TUI expects revenue to increase by 2pc to 4pc in 2026. TUI forecasted underlying operating profit to rise by 7pc to 10pc in 2026.
The group celebrated a landmark 2025 fiscal year, reporting revenues climbing to €24.2bn—a 4.4pc rise—with underlying EBIT hitting a record €2.4bn, propelled by stellar contributions from its hotels and cruises divisions.
Guest numbers swelled 5pc to 34.7m, yet the operator tempered enthusiasm for 2026, projecting modest 2-4pc revenue expansion and 7-10pc profit growth amid macroeconomic headwinds. A fresh dividend policy signals confidence, though shares dipped 3.2pc post-announcement as markets digested the conservative guidance. For trade allies, this resilience in summer bookings offers a silver lining, with TUI pledging cost efficiencies and sustainability drives to sustain momentum in premium offerings.
The Tour Operator has cancelled its charter programme from IReland in 2026, except for a small number of cruise charters.
Chief executive Sebastian Ebel shared “Our goal is clear: we want to grow globally with our own differentiated products and thus become independent of the challenging European market environment. All segments will become even more profitable and efficient in the future.”
