Financial report for the first half of fiscal 188bet mobile login 2016-17，Calculated at constant exchange rate，TUI Group’s revenue increased by 8% 188bet mobile login-on-188bet mobile login2% to 66.900 million euros；After deducting exchange rate factors，Revenue increased by 3% 188bet mobile login-on-188bet mobile login3% to 63.800 million euros。Calculated at a constant exchange rate and deducting the impact of the Easter season delay，Underlying EBITA increased by 6% 188bet mobile login-on-188bet mobile login3%。Adjusted EBITA loss increased by 6.3% to 1.€9.3 billion (-2 in the same period last 188bet mobile login0.6 billion euros)，After deducting the impact of exchange rate and Easter season delay，Adjusted EBITA decreased by 3.8% to loss 2.1.4 billion euros。62% of the products in the 2017 summer customer source market have been sold，Revenue increased by 8% 188bet mobile login-on-188bet mobile login，Booking volume increased by 4% 188bet mobile login-on-188bet mobile login，And bookings in all source markets are higher than the same period last 188bet mobile login。In addition，TUI also reconfirmed that the underlying EBITA achieved in the 2016-17 financial 188bet mobile login was 10% higher than last 188bet mobile loginThe target of 10% growth of 0.1 billion euros remains unchanged。

In the first half of fiscal 188bet mobile login 2016-17，TUI Group continues to implement the transformation from a tour operator to an integrated tourism enterprise focusing on its own hotels and cruise brands。Overall，TUI achieved strong revenue growth in the first half，Operational results significantly improved。Fritz Joussen, CEO of TUI Group, said:“We are transforming into a vertically integrated travel company，The growth momentum of owned hotels and cruise brands in the first half of the 188bet mobile login is strong，The earnings before interest, taxes, depreciation and amortization (EBITA) of these two businesses in fiscal 188bet mobile login 2016 accounted for 50% of the group’s EBITA。”

Promote digital transformation，Building shares in Peakwork to accelerate growth

First half of fiscal 188bet mobile login 2017 as of March 31，TUI has received a total of 6.3 million customers from the three major source areas，3% 188bet mobile login-on-188bet mobile login growth。Northern part of the financial report、Online distribution bookings in the three major regions of central and western regions account for 47% of the total bookings，An increase from 43% in the same period last 188bet mobile login。

The growth rate of the German market (including Austria) still lags behind other regions，But there is a slight increase in online bookings，The growth rate increased from 14% last 188bet mobile login to 17% this 188bet mobile login。Slight decrease in passenger numbers，Nearly 2 million。

UK online bookings and customer numbers grow。The proportion of online bookings increased from 57% last 188bet mobile login to 59% this 188bet mobile login，And the number of customers increased from nearly 1.7 million to 1.8 million。

Northern Europe is the fastest growing region in the online market，And the growth shows no signs of slowing down，The proportion of online bookings increased from 71% last 188bet mobile login to 75% this 188bet mobile login。But，In terms of number of passengers，The Nordic region only contributed 57.90,000，Decreased compared to last 188bet mobile login。

1.6 million customers in the Benelux region，The proportion of online bookings increased from 56% last 188bet mobile login to 61% this 188bet mobile login。

188bet mobile login carries out digital transformation from two aspects，One is to create a unified online portal for all businesses；The second is to uniformly package brands in all markets。Currently，188bet mobile login is already present in three markets (Netherlands、Belgium and Sweden) complete the unified packaging of the brand，Silent brand awareness is displayed and improved。The last stop of the brand unified packaging campaign is the UK，The Thomson brand will be gradually phased out，This unified brand packaging campaign is expected to be completed by the end of 2018。

In addition，188bet mobile login’s biggest move in digitalization was the acquisition of German travel technology company Peakwork 14 last November.3% equity。Peakwork, founded in 2009, mainly serves airlines、Travel operators and OTAs develop distribution systems。The company has stated，Peakwork processes data in a decentralized manner through caching，This method displays search results faster、The advantage of requiring fewer parameters。It is reported，188bet mobile login is already using Peakwork technology to handle the company’s dynamic packaging operations in Spain and Portugal。188bet mobile login also stated that this investment is the foundation for the company’s digitalization in the tourism industry。Frank Rosenberger, member of the TUI Executive Committee and Strategy Director, said: “Digital transformation is the cornerstone of the 188bet mobile login’s future accelerated growth。The acquisition of Peakwork equity marks TUI’s entry into the ranks of innovative IT technology and rapid business expansion，The purpose is to further accelerate the pace of TUI’s growth。”

While undergoing digital transformation，188bet mobile login’s business model is also changing - increasingly focusing on self-operated hotels and cruise ships。Riu and Robinson, TUI’s two main hotel brands，Occupancy rates are 88% and 62% respectively，The overall hotel resort business occupancy rate also reached 75%，Average revenue per bed increased by 5% 188bet mobile login-on-188bet mobile login，This is mainly due to TUI’s strong brand effect、Vertically integrated business model and strong brand presence in some 188bet mobile login-round destinations。

In order to highlight the value of 188bet mobile login’s hotel and cruise business in the financial report，The financial data of Blue Diamond Hotels, which was originally owned by the Canadian joint venture Sunwing, began to be merged into the hotel and resort business，And Thomson Cruise Lines’ financial data is now consolidated into the cruise business。The financial data of these two businesses were previously merged into the Nordic region business among the three major customer source markets。This integrated reporting approach highlights the importance of hotels and cruise ships as growth engines。Overall，In 2016, the basic EBITA 188bet mobile login two major businesses, hotel and cruise, accounted for 50% 188bet mobile login company’s basic EBITA。

In the face of the reality that travelers are more accustomed to booking travel products online and traditional brick-and-mortar travel agencies have been declining for many years，TUI Group CEO Fritz Joussen said in an interview with the Financial Times in January this 188bet mobile login，The ultimate solution is to change the business model - reduce dependence on selling packaged vacation products，More focus on owning and operating hotels and cruise ships。He said:“About 30-35% of our profits in 2016 were contributed by the hotel and cruise business。I think in three years this proportion will be well over 50%。We are always making changes to the company。”Now the financial data for the first half of fiscal 188bet mobile login 2017，Especially the performance of hotels and cruise ships verified his predictions and judgments a few months ago。

Generally speaking，TUI Group’s performance in the first half of the 188bet mobile login is often not good，The 2017 fiscal 188bet mobile login is no exception (because TUI’s fiscal 188bet mobile login starts in October each 188bet mobile login，Europeans generally go on vacation in the summer in the second half of the fiscal 188bet mobile login)。In addition，Due to various reasons，TUI recalculated many financial data in the first half of fiscal 188bet mobile login 2017，The latest underlying EBITA is a loss of 2.300 million euros。Semi-annual report as of March 31，TUI Group’s overall loss decreased by 21.9% to 3.USD 38.6 billion (3.08.6 billion euros)，And revenue increased by 3% 188bet mobile login-on-188bet mobile login3% to US billion (63.800 million euros)。

Specific to each customer source market，Represented by 188bet mobile login，Spain and other European destinations see continued growth，Once again making up for the weak demand caused by terrorist attacks in the Turkish and North African markets。

188bet mobile login past few years，Tourists have been avoiding areas hit hard by terrorism，There seems to be no sign of recovery in these places at present。

But luckily，188bet mobile login has other advantages to make up for this disadvantage。The company’s relatively new Boeing 787 Dreamliner is capable of flying to long-range destinations such as the Caribbean。In addition，188bet mobile login opens new hotels across Europe，To attract travelers who are willing to stay close to home。

When asked in an interview with global financial media CNBC whether the number of tourists to some countries may continue to decrease, TUI Group CEO Fritz Joussen said: "I think，Looking at it as a whole，TUI’s number of tourists in the first half of the 188bet mobile login increased by approximately 8% compared with the same period last 188bet mobile login。We are now taking Tunisia、Tourists from Egypt or Türkiye moving to tourist destinations in other countries，Avoid places that are troubled by terrorist attacks。So，If the customer wants to try a new destination for vacation，Whether it’s the Caribbean、Southeast Asia，Still Spain，We can all meet their needs。But，I always thought，These affected countries will slowly recover，Especially Türkiye，We are now seeing an increase 188bet mobile login number of tourists in this country。”

Looking ahead to the second half of fiscal 188bet mobile login 2016-17，62% of TUI’s customer source market project products have been sold，Revenue increased by 8% 188bet mobile login-on-188bet mobile login，Booking volume increased by 4% 188bet mobile login-on-188bet mobile login；Growth mainly due to Greece、Bulgaria、Croatia、Cyprus、Increased bookings in areas such as Cape Verde (African Atlantic island country) and remote destinations in the Caribbean。

As of now，The fact that the UK is about to leave the EU does not seem to have any impact on TUI’s bookings，TUI stated，“From the first half of fiscal 188bet mobile login 2017，The proportion of vacation product items sold remains basically the same as last 188bet mobile login，This shows that the demand in this area is strong。”

But，The company expressed concern about the development prospects 188bet mobile login aviation industry after Brexit。

188bet mobile login stated in a recent financial announcement: "In a recent press conference，EU officials continue to point out that the UK will no longer enjoy some preferential policies in aviation after Brexit。What we are more concerned about，Continue to develop according to the current situation，Will all our airlines no longer have the right to fly freely in EU airspace。We will continue to lobby UK and EU ministers and other officials，Emphasis on the importance of retaining preferential aviation policies for the UK to protect consumer choice in both regions。In order to avoid possible negative impacts，The group may take some other measures based on the actual situation。”

Since the merger of 188bet mobile login UK and 188bet mobile login Germany in December 2014，The combined new company has been transforming from a tour operator into the world's largest leisure travel company。In order to focus on developing core tourism business，After TUI Group sold off Hotelbeds, its global hotel wholesale business that was not in line with the company’s development strategy, in April last 188bet mobile login，The tourism special business Travelopia (formerly Specialist Group) was sold in September last 188bet mobile login。Meanwhile，Hotel and cruise business grew significantly，Currently these two businesses accounted for half of the group’s operating profit last 188bet mobile login。Early this 188bet mobile login，TUI Blue brand hotel opens in Doscani, Italy，It is expected that many hotels will be in Thailand、Opening in Mexico and other places。

Joussen said: "We are transforming into a vertically integrated travel company，Company achieves strong growth in hotel and cruise brands。”

*The author of this article: Zhihui analyst_Li Haiqiang (WeChat: lhq434849653)，Welcome to communicate！

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