EUR/USD 1.14808
0.051%
Gold 4393.11
1.186%
Oil 95.798
-0.744%
USD/JPY 156.675
0.453%
GBP/USD 1.33892
0.237%
GBP/JPY 209.783
0.694%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
September 19th - According to CBS, shipping through the Bab el-Mandeb Strait continues to be disrupted due to the Houthi rebels recent expansion of influence along the Red Sea coast, resulting in a significant decline in Saudi export shipments. Data from shipping company Kpler shows that in the past seven days, only five ships carrying Saudi products have passed through the Bab el-Mandeb Strait to leave the Red Sea, far below one-third of the average seven-day period this year. The previous weeks record was 11 ships in the week of July 24th. The Bab el-Mandeb Strait is one of the most important channels for Saudi oil exports. The Houthi rebels currently state that navigation in the area is not threatened except for Saudi vessels, but the market is concerned that any attacks could reduce shipping companies willingness to use the route. Data shows that the volume of commodity tanker traffic through the Bab el-Mandeb Strait has been below normal levels in the past seven days, but has not been completely disrupted.According to Punchbowl, the latest estimates submitted by U.S. Central Command to the Congressional Defense Committee show that, as of September 3, the cost of U.S. military operations against Iran has reached $43.6 billion.According to CBS: Data shows that Saudi Arabia’s exports through the Bab el-Mandeb Strait remain sluggish, with weekly traffic volume since early August less than a third of the seven-day average this year.Iranian Parliament Speaker Qalibaf: The era of US F-35 and F-15 fighter jets being tracked and attacked has begun. "What used to be a terrible nightmare has now become a reality."Illustration: Highlights of Baker Hughes oilfield drilling data

TUI Reports Robust Summer Reservations As The Tourism Industry Recovers

Haiden Holmes

Feb 14, 2023 16:58

微信截图_20230214165556.png


TUI announced on Tuesday that it is observing a promising travel recovery trend for the forthcoming summer season, as travelers make preparations to take vacations after a pandemic absence.


Many expected that recessionary conditions would limit demand for vacations, but figures from airlines such as Ryanair, Wizz Air, and easyJet (LON:EZJ) indicate people are preparing for vacations.


The firm, one of the world's leading tour operators, reported that its first-quarter sales hit €3.8 billion ($4 billion) on strong winter and summer reservations, while its group EBIT loss nearly halved to €158.7 million from €267 million a year ago.


8.7 million reservations are scheduled for the 2023 winter and summer seasons.


"Our approach is straightforward: quality, cost control, and market share. New goods, new clients, and the resulting rise in market share and above-average growth are the foundation for future revenue and profit development "Sebastian Ebel, chief executive officer of TUI, said in a release.


European consumers are facing the greatest levels of inflation in a generation, yet the demand for vacations has been strong thus far. Early this year, low-cost airlines such as Ryanair, Wizz Air, and easyJet reported robust summer reservations.


Revenue increased by 1.4 billion euros to reach 3.8 billion euros year-over-year, while the number of visitors increased by almost one million to reach 3.3 million from the previous quarter.


According to the firm, demand in the previous four weeks has surpassed pre-pandemic levels, and prices have increased year-over-year.


In addition, the Hotels and Resorts division of the corporation recorded occupancy rates of 71% between October 2022 and March 2023, compared to 56% for the same period in the previous year.


Separately, TUI shareholders are likely to vote on a capital increase proposal to repay the German Economic Stabilization Fund later on Tuesday.

Suggestion