TUI AG: change in revenue by segment 2023

The global revenue of TUI AG experienced an annual increase in the 2023 fiscal year, following a sharp drop with the onset of the coronavirus (COVID-19) pandemic. Between October 2022 and September 2023, revenue generated by the Northern region, TUI's most profitable segment that year, rose by 22.2 percent compared to the previous year.

Annual percentage change in revenue of TUI AG worldwide from 2020 to 2023, by segment

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Release date

December 2023

More information

Region

Europe

Survey time period

2020 to 2023

Special properties

fiscal year ending September 30; percentage change in revenue over the previous fiscal year

Supplementary notes

2022 data for the cruises segment was calculated by Statista based on the revenue figures provided by the source. Figures prior to 2022 were previously published by the source. The source specifies that:

Northern region: comprises tour operator activities and airlines in the UK, Ireland, and the Nordics. This segment also included the Canadian strategic venture Sunwing, which sold its tour operation business in May 2023.

Central region: comprises the tour operators and airlines in Germany and the tour operator activities in Austria, Poland, and Switzerland. The tour operator in Italy was closed in 2020.

Western Region: comprises the tour operators and airlines in Belgium and the Netherlands, and the tour operator activities in France.

Hotels and resorts: includes hotels majority-owned by TUI, joint ventures with local partners, stakes in companies giving TUI significant influence, and hotels operated under management contracts.

Cruises: consists of the joint venture TUI Cruises, the former subsidiary Hapag-Lloyd Cruises, transferred to the joint venture TUI Cruises in July 2020, and Marella Cruises.

TUI Musement (previously Destination Experiences): delivers local services at TUI holiday destinations around the world.

All other segments: includes TUI business activities for the new markets, TUI AG's corporate center functions, the interim holdings, the group's real estate companies, and the Group's key tourism functions.

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