• TUI AG revenue by segment 2020

In 2020, the coronavirus (COVID-19) pandemic dramatically hit the tourism industry, as countries had to restrict travel to limit the spread of the virus. The COVID-19 emergency had a significant impact on the revenue of the leisure travel company TUI AG. In 2019, the Northern region, which includes TUI's tour operations and airlines in the UK, Ireland, and the Nordic countries, generated an income of around 6.35 billion euros. In 2020, the Northern region revenue dropped to 2.46 billion euros.

Revenue of TUI AG worldwide in fiscal years 2018/2019 and 2019/2020, by segment (in million euros)

Characteristic	2018/2019	2019/2020
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Source

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Source

Release date

December 2020

More information

Region

Europe

Survey time period

October 1, 2018 to September 30, 2020

Supplementary notes

The source specifies that:

Northern region: comprises tour operator activities and airlines in the UK, Ireland, and the Nordics. This segment also includes the Canadian strategic venture Sunwing and the TUI Russia associate.

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

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 Kreuz-fahrten, 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.