Italy's Destination Image in Scandinavia

Total Page:16

File Type:pdf, Size:1020Kb

Italy's Destination Image in Scandinavia Italy’s destination image in Scandinavia Analysis of photographs in tourism catalogues and social media platforms By: Andrea Pesaresi Supervisor: Saeid Abbasian Södertörn University Master’s Dissertation in Tourism Studies: 15 Credits May 2021 Abstract Means of information have drastically changed during the last decades due to the evolution of technology and the development of social media, which have gained crucial relevance in the tourism industry. As a consequence, efficacy of traditional information sources is being challenged. The aim of this research is to determine, analysing photographs, what destination images of a particular country are projected by both traditional and digital information sources, in order to compare them identifying main similarities and differences in the projected images. For the purpose of this study, the selected destination is Italy and the analysed images will be retrieved from Swedish, Danish and Norwegian tour operators’ tourism catalogues and their respective social media accounts. Therefore, main similarities and differences between the three countries will also be identified and analysed. The images will be analysed using a thematic analysis method, following an inductive approach, meaning that themes and codes will be generated from the data itself. In order to generate conclusions, five Swedish, five Danish and five Norwegian tour operators were selected, and their catalogues and social media accounts were analysed, for a total of 1,306 images illustrating Italy as a destination. Findings suggest how images retrieved from catalogues mainly illustrate Italy by the generated themes of hidden mass tourism, notorious Italy, and culture. On the other hand, images retrieved from social media accounts mainly represent Italy with the generated themes of mass tourism, unfamiliar Italy, and culture. As the names of the themes suggest, the first two themes generated from the two information sources represent opposite ways of illustrating the destination, while the theme of culture represents the main similarity between the traditional and digital information sources. Regarding the three countries, it was noticed that each Scandinavian country focused on specific features of Italy, with Swedish tour operators focusing on the history and culture of the destination, Danish ones focusing on sea, beaches and urban areas, while Norwegian tour operators concentrated on natural landscapes and countryside areas of Italy. Keywords: Destination image, Italy, Sweden, Denmark, Norway, tourism catalogues, social media i Declaration of Authorship I hereby certify that the thesis I am submitting is entirely my own original work except where otherwise indicated. I am aware of the University’s regulations concerning plagiarism, including those regulations concerning disciplinary actions that may result from plagiarism. Any use of the works of any other author, in any form, is properly acknowledged at their point of use. Student’s signature: Name (in capitals): Andrea Pesaresi Date of submission: May 27, 2021 ii Acknowledgements I would like to express my gratitude to the people who have supported me during the writing of this thesis. Writing this dissertation has been an excellent experience, since I gained a vast and interesting knowledge about the subject. More specifically, I would like to thank my supervisor Saeid Abbasian, who helped me on several occasions and guided me to follow the right path during the execution of this dissertation. Furthermore, I would like to thank my family, friends and other special people, both in Italy, Sweden and Hungary for the support they gave me and for believing in me. Finally, my classmates for their valuable feedbacks and constructive critiques, which contributed to the development and writing of this dissertation. Thank you! Andrea Pesaresi iii Table of Contents Abstract ...................................................................................................................................... i Declaration of Authorship ....................................................................................................... ii Acknowledgements ................................................................................................................ iii List of Figures .......................................................................................................................... vi List of Tables ........................................................................................................................... vi 1. Introduction .......................................................................................................................... 1 1.1 Background ....................................................................................................................... 1 1.1.1 Traditional and Digital Information Sources ............................................................. 1 1.1.2 Destination Image ...................................................................................................... 2 1.2 Tourism in Italy ................................................................................................................ 3 1.3 Problem Statement and Purpose of the Research ............................................................. 4 1.3.1 Purpose of the Study .................................................................................................. 5 1.3.2 Research Questions .................................................................................................... 5 1.4 Delimitation ...................................................................................................................... 5 1.5 Dissertation Outline .......................................................................................................... 5 2. Literature Review ................................................................................................................ 7 2.1 Destination Image ............................................................................................................. 7 2.2 Destination Image formation ............................................................................................ 8 2.2.1 Stage-theory of Destination Image Formation ........................................................... 8 2.2.2 Image Formation Agents ............................................................................................ 9 2.2.3 Model of Destination Image Formation ................................................................... 10 2.3 Social Media in Tourism ................................................................................................ 11 2.3.1 Social Media in Destination Image Formation ........................................................ 12 2.4 Destination Images projected by Digital Information Sources ...................................... 13 2.5 Destination Images projected by Traditional Information Sources ................................ 14 2.6 Destination Image of Italy .............................................................................................. 16 3. Methodology ....................................................................................................................... 17 3.1 Research Methods........................................................................................................... 17 3.1.2 Qualitative vs Quantitative Methods ........................................................................ 17 3.1.2.1 Differences and Similarities between the two Methods .................................... 18 iv 3.1.2.2 Advantages and Disadvantages of the two Methods ......................................... 19 3.1.3 Deductive vs Inductive Approaches ......................................................................... 19 3.2 Selected Research Method .............................................................................................. 20 3.3 Data Sampling and Collection ........................................................................................ 20 3.4 Data Analysis .................................................................................................................. 22 3.4.1 Social Media and Photo Analysis............................................................................. 22 3.4.2 Thematic Analysis .................................................................................................... 22 3.5 Validity and Reliability .................................................................................................. 24 3.6 Ethical Considerations .................................................................................................... 25 3.7 Limitations ...................................................................................................................... 25 4. Results and Analysis .......................................................................................................... 27 4.1 Results ............................................................................................................................ 27 4.2 Analysis .......................................................................................................................... 27 4.2.1 Themes Generated from Catalogues ........................................................................ 29 4.2.1.1 Hidden Mass Tourism ........................................................................................ 29 4.2.1.2
Recommended publications
  • Annual Report of the Tui Group 2019 2019 Annual Report of the Tui Group 2019 Financial Highlights
    ANNUAL REPORT OF THE TUI GROUP 2019 2019 ANNUAL REPORT OF THE TUI GROUP THE OF REPORT ANNUAL 2019 FINANCIAL HIGHLIGHTS 2019 2018 Var. % Var. % at adjusted constant € million currency Turnover 18,928.1 18,468.7 + 2.5 + 2.7 Underlying EBITA1 Hotels & Resorts 451.5 420.0 + 7.5 – 4.9 Cruises 366.0 323.9 + 13.0 + 13.2 Destination Experiences 55.7 45.6 + 22.1 + 20.4 Holiday Experiences 873.2 789.5 + 10.6 + 3.6 Northern Region 56.8 278.2 – 79.6 – 77.1 Central Region 102.0 94.9 + 7.5 + 7.0 Western Region – 27.0 124.2 n. a. n. a. Markets & Airlines 131.8 497.3 – 73.5 – 72.2 All other segments – 111.7 – 144.0 + 22.4 + 18.5 TUI Group 893.3 1,142.8 – 21.8 – 25.6 EBITA2, 3 768.4 1,054.5 – 27.1 Underlying EBITDA3, 4 1,359.5 1,554.8 – 12.6 EBITDA3, 4 1,277.4 1,494.3 – 14.5 EBITDAR3, 4, 5 1,990.4 2,215.8 – 10.2 Net profi t for the period 531.9 774.9 – 31.4 Earnings per share3 in € 0.71 1.17 – 39.3 Equity ratio (30 Sept.)6 % 25.6 27.4 – 1.8 Net capex and investments (30 Sept.) 1,118.5 827.0 + 35.2 Net debt / net cash (30 Sept.) – 909.6 123.6 n. a. Employees (30 Sept.) 71,473 69,546 + 2.8 Diff erences may occur due to rounding. This Annual Report 2019 of the TUI Group was prepared for the reporting period from 1 October 2018 to 30 September 2019.
    [Show full text]
  • Annual Report 2017 Contents & Financial Highlights
    ANNUAL REPORT 2017 CONTENTS & FINANCIAL HIGHLIGHTS TUI GroupFinancial 2017 in numbers highlights Formats The Annual Report and 2017 2016 Var. % Var. % at the Magazine are also available online € 18.5 bn € 1,102.1restated m constant € million currency Turnover 18,535.0 17,153.9 + 8.1 + 11.7 Underlying EBITA1 1 1 + 11.7Hotels & %Resorts + 12.0356.5 % 303.8 + 17.3 + 19.2 Cruises 255.6 190.9 + 33.9 + 38.0 Online turnoverSource Markets underlying526.5 554.3 – 5.0 – 4.0 Northern Region 345.8 383.1 – 9.7 – 8.4 year-on-year Central Region 71.5 85.1 – 16.0 – 15.8 Western Region EBITA109.2 86.1 + 26.8 + 27.0 Other Tourism year-on-year13.4 7.9 + 69.6 + 124.6 Tourism 1,152.0 1,056.9 + 9.0 + 11.2 All other segments – 49.9 – 56.4 + 11.5 + 3.4 Mobile TUI Group 1,102.1 1,000.5 + 10.2 + 12.0 Discontinued operations – 1.2 92.9 n. a. Total 1,100.9 1,093.4 + 0.7 http://annualreport2017. tuigroup.com EBITA 2, 4 1,026.5 898.1 + 14.3 Underlying EBITDA4 1,541.7 1,379.6 + 11.7 56 %EBITDA2 4 23.61,490.9 % ROIC1,305.1 + 14.2 Net profi t for the period 910.9 464.9 + 95.9 fromEarnings hotels per share4 & € 6.751.36 % WACC0.61 + 123.0 Equity ratio (30 Sept.)3 % 24.9 22.5 + 2.4 cruisesNet capex and contentinvestments (30 Sept.) 1,071.9 634.8 + 68.9 comparedNet with cash 30 %(302 at Sept.) time 4of merger 583.0 31.8 n.
    [Show full text]
  • Market Profile Sweden
    Market and Trade Profile Sweden Market and Trade Profile: Sweden Sweden – March 2020 Market and Trade Profile Sweden Overview • ‘Chapter 1: Inbound market statistics’ provides insights on key statistics about Swedish travellers, where they are going, and who they are. It also takes a look at Britain as a destination and its competitive set. • ‘Chapter 2: Experiences and perceptions’ features details about what visitors from Sweden are likely to do in the UK, how they felt during their visit to the UK, and whether they would recommend a stay there to their acquaintances. Perceptions of Britain held by Swedes in general are also highlighted. • ‘Chapter 3: Understanding the market’ takes a close look at consumer trends in Sweden, and the booking, planning and further travel behaviour of this source market. Some details on how to best reach Swedish consumers are laid out, too. • ‘Chapter 4: Access and travel trade’ shows how people from Sweden travel to the UK, how to best cater for their needs and wants during their stay and gives insights into the Swedish travel trade. • Further ways of working with VisitBritain and other useful research resources are pointed out in the appendix. 2 Market and Trade Profile Sweden Contents (1/2) Executive summary (page 5) Chapter 1: Market statistics 1.1 Key statistics (page 11) Tourism context, UK inbound overview, key figures on journey purpose, seasonality, duration of stay, accommodation trends, travel companions, repeat visits, and visit types 1.2 Getting around Britain (page 18) Where visitors stayed
    [Show full text]
  • Annual Report of the Tui Group 2019 2019 Annual Report of the Tui Group 2019 Financial Highlights
    ANNUAL REPORT OF THE TUI GROUP 2019 2019 ANNUAL REPORT OF THE TUI GROUP THE OF REPORT ANNUAL 2019 FINANCIAL HIGHLIGHTS 2019 2018 Var. % Var. % at adjusted constant € million currency Turnover 18,928.1 18,468.7 + 2.5 + 2.7 Underlying EBITA1 Hotels & Resorts 451.5 420.0 + 7.5 – 4.9 Cruises 366.0 323.9 + 13.0 + 13.2 Destination Experiences 55.7 45.6 + 22.1 + 20.4 Holiday Experiences 873.2 789.5 + 10.6 + 3.6 Northern Region 56.8 278.2 – 79.6 – 77.1 Central Region 102.0 94.9 + 7.5 + 7.0 Western Region – 27.0 124.2 n. a. n. a. Markets & Airlines 131.8 497.3 – 73.5 – 72.2 All other segments – 111.7 – 144.0 + 22.4 + 18.5 TUI Group 893.3 1,142.8 – 21.8 – 25.6 EBITA2, 3 768.4 1,054.5 – 27.1 Underlying EBITDA3, 4 1,359.5 1,554.8 – 12.6 EBITDA3, 4 1,277.4 1,494.3 – 14.5 EBITDAR3, 4, 5 1,990.4 2,215.8 – 10.2 Net profi t for the period 531.9 774.9 – 31.4 Earnings per share3 in € 0.71 1.17 – 39.3 Equity ratio (30 Sept.)6 % 25.6 27.4 – 1.8 Net capex and investments (30 Sept.) 1,118.5 827.0 + 35.2 Net debt / net cash (30 Sept.) – 909.6 123.6 n. a. Employees (30 Sept.) 71,473 69,546 + 2.8 Diff erences may occur due to rounding. This Annual Report 2019 of the TUI Group was prepared for the reporting period from 1 October 2018 to 30 September 2019.
    [Show full text]
  • AG Financial Statements 2018
    2018 FINANCIAL STATEMENTS TUI AG CONTENTS ANNUAL FINANCIAL STATEMENTS 2 Balance sheet 3 Profit and Loss Statement NOTES 4 TUI AG Notes for financial year 2018 4 Accounting and measurement 6 Notes to the statement of financial position 13 Notes to the income statement 17 Other Notes 32 Development of fixed assets 34 Corporate Governance Report 34 Responsibility statement by management 35 Independent auditor’s report 40 Executive Board and Supervisory Board 40 Supervisory Board 42 Executive Board 43 Five-year summary 2 ANNUAL FINANCIAL STATEMENTS » BALANCE SHEET ANNUAL FINANCIAL STATEMENTS Balance sheet of the TUI AG as at 30 Sep 2018 € ‘000 Notes 30 Sep 2018 30 Sep 2017 Assets Fixed assets (1) Intangible assets 8,389 6,112 Property, plant and equipment 13,520 13,268 Investments Shares in Group companies 7,202,959 6,285,482 Other investments 795,821 793,437 7,998,780 7,078,919 8,020,689 7,098,299 Current assets Receivables and other assets (2) 1,470,512 1,244,635 Marketable securities (3) – 399,820 Cash in hand and bank balances (4) 889,281 1,038,989 2,359,793 2,683,444 Prepaid expenses (5) 524 738 10,381,006 9,782,481 Equity Shareholders‘ equity Subscribed capital (6) 1,502,946 1,501,631 Conditional capital 150,000 150,000 Capital reserves (7) 1,213,650 1,207,725 Revenue reserves (8) 1,287,470 1,287,470 Profit available for distribution (9) 1,797,410 1,195,829 of which retained earnings brought forward 814,027 454,128 5,801,476 5,192,655 Special non-taxed items (10) 71 72 Provisions Provisions for pensions and similar obligations (11)
    [Show full text]
  • List of Shareholdings of TUI AG Pursuant to Section 285 (11), (11A) and (11B) of the German Commercial Code
    List of shareholdings of TUI AG pursuant to section 285 (11), (11a) and (11b) of the German Commercial Code Company Country Capital Equity Result for the Year Share in ’000 Currency in ’000 Consolidated related companies Tourism “MAGIC LIFE” Assets AG, Vienna Austria 100 3,605.2 – 374 EUR Absolut Holding Limited, Luqa Malta 99.9 3,694.4 2,707.2 EUR Adehy Limited, Dublin Ireland 100 1,208.5 629.6 EUR Advent Insurance PCC Limited, Qormi Malta 100 8,450.1 3,636 EUR Aeolos Malta Ltd., Pieta Malta 100 779.1 76.5 EUR Aeolos Travel LLP, Nicosai Cyprus 100 5,385.4 2,295.8 EUR AMP Management Limited, Crawley United Kingdom 100 0 0 GBP Anse Marcel Riusa II SNC, Paris France 100 – 29,782.7 – 1,283.8 EUR Arccac Eurl, Bourg St. Maurice France 100 – 1,246.5 – 346.4 EUR atraveo GmbH, Düsseldorf 1 Germany 100 75.8 0 EUR Berge & Meer Touristik GmbH, Rengsdorf 1 Germany 100 2,996.4 0 EUR Boomerang-Reisen GmbH, Trier Germany 100 674.4 1,044.8 EUR Boomerang-Reisen Vermögensverwaltungs GmbH, Trier Germany 75 1,150.4 312.7 EUR Brunalp SARL, Venosc France 100 – 579.1 – 10.2 EUR BU RIUSA II EOOD, Sofia Bulgaria 100 15 0 BGN Cabotel-Hoteleria e Turismo Lda., Santiago Cape Verde 100 21,085,777.3 952,602.3 CVE Callers-Pegasus Pension Trustee Limited, Crawley United Kingdom 100 0 0 GBP Club Hotel CV SA, Santa Maria 7 Cape Verde 100 Club Hôtel Management Tunisia SARL, Djerba Tunisia 100 1,495.9 – 4,561.4 TND Corsair S.A., Rungis France 100 – 25,858.5 2,097.6 EUR Crystal Holidays, Inc, Wilmington (Delaware) United States 100 135.7 14.3 USD Daidalos Hotel- und Touristikunternehmen A.E., Athens Greece 89.8 9,243.9 1,443.9 EUR Dominicanotel S.A., Puerto Plata Dominican Republic 100 730,334.1 165,335.4 DOP Egyptian Germany Co.
    [Show full text]
  • UK Office April 2020 TDC Report Prepared By
    UK Office April 2020 TDC Report Prepared by: Venessa Alexander UK Director Tour Operators 360 Private Travel - We spoke to Zia Bapuji, Supplier Partnerships Director at 360 Private Travel. The business operates as an invite-only, high-end luxury travel concierge service. Zia advised that eight members of the head office team have been furloughed for the foreseeable future; the business’s luxury travel consultants are all self-employed individuals that are continuing to work to support their customers, however, it is an extremely difficult period; bookings with values exceeding £100k are being lost. One significant difference for this operator is the customer is more willing (perhaps able?) to leave any monies paid to 360 with the operator and defer it to another trip later in 2020 or 2021. Zia noted that many suppliers (hotels, airlines) are no longer offering refunds and will only provide credit notes, which means the business/its consultants will be at a loss in situations where the customer wishes to cancel for a full refund. Ocean Holidays - We spoke to Lisa Airey, Commercial Manager. Lisa advised the business is currently working week-to-week dealing with upcoming bookings making amendments or cancellations. The majority are amending trips to the end of 2020 or 2021 but there are some cancellations, and this is of concern to the business because of the hit to cash flow. They have contacted all customers due to travel up to the middle of June and expect to have spoken to those travelling up to 30 June within the next couple of days.
    [Show full text]
  • Eas040-Annual-Report-2019-Web.Pdf
    resilient focused data driven ANNUAL REPORT AND ACCOUNTS 2019 Who we are easyJet makes travel easy, enjoyable and affordable for customers, whether it is for leisure or business. We use our cost advantage and leading positions in primary airports to deliver low fares and operational efficiency, seamlessly connecting Europe with the warmest welcome in the sky. Our well-established business model provides a strong foundation to drive profitable growth and long-term shareholder returns. We are proud to have been awarded Best Low-Cost Airline in Europe at the Skytrax World Airlines Awards 2019. ‘Our Promise’ is that we will be: SAFE AND ON OUR IN IT ALWAYS FORWARD RESPONSIBLE CUSTOMERS’ TOGETHER EFFICIENT THINKING SIDE PAGE CONTENTS our value STRATEGIC REPORT 2 At a glance creation 3 Chairman’s letter 10 Highlights framework 12 Business model 14 Market review The foundation 15 Stakeholder engagement for who we are 2 16 Chief Executive’s review and what we do and Our Strategy 26 Key performance indicators 28 Financial review 35 Viability statement 36 Summary statistics 37 Risk PAGE 48 Sustainability our performance CORPORATE GOVERNANCE 66 Chairman’s statement Key highlights on corporate governance of the year’s 68 Board of Directors performance 10 72 Airline Management Board 75 Corporate governance report 96 Directors’ remuneration report 116 Directors’ report 120 Statement of Directors’ responsibilities PAGE ACCOUNTS our pLAN 121 Independent auditors’ report to the members of easyJet plc The strategic plan which 128 Consolidated accounts we announced last year 133 Notes to the accounts is now fully embedded 174 Company accounts across easyJet 176 Notes to the Company accounts 16 179 Five-year summary 180 Glossary 181 Shareholder information our commitment PAGE Sustainability is a key part of Our Promise 48 VISIT OUR WEBSITE FOR MORE INVESTOR INFORMATION corporate.easyJet.com/investors www.easyJet.com 1 AT A GLANCE our value creation framework easyJet’s value creation framework is the foundation for who we are and what we do.
    [Show full text]
  • THE HIGH COURT 2020 No. 366 COS in the MATTER of ARCTIC AVIATION ASSETS DESIGNATED ACTIVITY COMPANY and in the MATTER of NORWEGI
    THE HIGH COURT 2020 No. 366 COS IN THE MATTER OF ARCTIC AVIATION ASSETS DESIGNATED ACTIVITY COMPANY AND IN THE MATTER OF NORWEGIAN AIR INTERNATIONAL LIMITED AND IN THE MATTER OF DRAMMENSFJORDEN LEASING LIMITED AND IN THE MATTER OF TORSKEFJORDEN LEASING LIMITED AND IN THE MATTER OF LYSAKERFJORDEN LEASING LIMITED AND IN THE MATTER OF PART 10 OF THE COMPANIES ACT 2014 AND IN THE MATTER OF NORWEGIAN AIR SHUTTLE ASA AS A RELATED COMPANY WITHIN THE MEANING OF SECTION 517 AND SECTION 2(10) OF THE COMPANIES ACT 2014 PROPOSALS FOR A SCHEME OF ARRANGEMENT BETWEEN NORWEGIAN AIR SHUTTLE ASA (IN EXAMINATION UNDER PART 10 OF THE COMPANIES ACT 2014) AND ITS MEMBERS AND CREDITORS Kieran Wallace Examiner KPMG 1 Stokes Place St Stephen's Green Dublin 2 Ireland CONTENTS 1. DEFINITIONS ........................................................................................................................................................... 3 2. INTERPRETATION ................................................................................................................................................ 16 3. BACKGROUND AND RECITALS .......................................................................................................................... 17 4. THE REPORT AND FORMULATION OF PROPOSALS ........................................................................................ 21 5. EFFECTIVE DATE AND EFFECTIVE TIME ........................................................................................................... 22 6. EXAMINER'S AUTHORITY
    [Show full text]
  • Results Annual Report 2015 / 16 Contents & Financial Highlights
    DELIVERING RESULTS ANNUAL REPORT 2015 / 16 CONTENTS & FINANCIAL HIGHLIGHTS FINANCIAL HIGHLIGHTS TUI2013 Group / 14 5 2014 / 15 2015 / 16 Var. % Media € million in numbersrestated restated The Annual Report and Turnover 18,536.8 17,515.5 17,184.6 – 1.9 the Magazine are also available online Underlying EBITA1 Northern Region 404.9 538.4 460.9 – 14.4 Central Region 162.8 103.5 88.5 – 14.5 Western Region 83.3 68.7 86.1 + 25.3 Hotels & Resorts Over 50 % underlying 202.9 234.6 287.3 + 22.5 Cruises EBITA comes from our 9.7 80.5 129.6 + 61.0 1 Other Tourism content businesses 29.0 8.4 4.6 – 45.2 > 50 % Online Tourism 892.6 1,034.1 1,057.0 + 2.2 All other segments – 114.1 – 80.8 – 56.5 + 30.1 TUI Group 778.5 953.3 1,000.5 + 5.0 Discontinued operations 88.7 107.2 92.9 – 13.3 Total 867.2 1,060.5 1,093.4 + 3.1 EBITA 2 778.54 794.6 898.1 + 13.0 Mobile at least 4 Underlying EBITDA 1,068.6 Guidance1,344.1 extended1,379.6 to 2018 /+ 19 2.6 EBITDA 1,095.34 We expect1,214.7 to deliver at least1,305.1 10 % growth in+ underlying 7.4 http://annualreport2015-16. tuigroup.com/ EBITA in 2016 / 17 2, and reiterate our previous guidance 10 % 1 of at least 10 % underlying EBITA CAGR to 2018 / 19 . Net profi t for the period This balanced guidance is a clear demonstration of the (continuing operations) 332.04 confi dence407.6 we have in our464.9 growth strategy,+ 14.1 against Earnings per share what continues to be an uncertain geopolitical and macro- (continuing operations) € 0.484 economic backdrop.0.66 0.61 – 7.6 Equity ratio % 18.1 17.2 22.5 + 5.33 Net capex and investments 637.1 659.0 691.0 + 4.9 Net fi nancial position – 292.4 4 213.7 – 31.8 n.
    [Show full text]
  • Ready to Grow
    MAGAZINE READY TO GROW Aktiengesellschaft TUI Group – Financial Highlights € million 2009 / 10 2010 / 11 2011 / 12 2012 / 13 2013 / 14 Turnover TUI Travel 15,755 16,867 17,682 17,796 17,955 TUI Hotels & Resorts 353 363 385 403 465 Cruises 179 201 231 261 281 Others 63 50 33 17 15 Group 16,350 17,480 18,330 18,478 18,715 EBITDA TUI Travel 438 640 745 845 917 TUI Hotels & Resorts 211 216 245 255 267 Cruises 15 20 11 – 19 37 Others – 14 – 25 – 77 – 70 – 49 Group 650 850 924 1,011 1,172 Underlying EBITDA TUI Travel 711 718 834 888 968 TUI Hotels & Resorts 213 235 246 271 267 Cruises 16 20 13 – 3 23 Others – 35 – 50 – 70 – 60 – 49 Group 905 924 1,023 1,097 1,208 EBITA TUI Travel 102 321 441 533 598 TUI Hotels & Resorts 137 144 178 171 203 Cruises 7 11 1 – 30 24 Others – 30 – 32 – 81 – 78 – 51 Group 216 445 539 595 774 Underlying EBITA TUI Travel 485 500 637 641 708 TUI Hotels & Resorts 148 145 179 197 203 Cruises 8 11 3 – 14 10 Others – 51 – 57 – 73 – 62 – 51 Group 589 600 746 762 869 Group earnings Net profi t for the year 114 118 142 187 284 Earnings per share € + 0.30 – 0.01 – 0.16 – 0.14 + 0.31 Dividend € – – – + 0.15 + 0.33 Assets Non-current assets 9,357 9,108 8,668 8,646 8,647 Current assets 5,259 4,384 4,544 4,809 5,379 Total assets 14,616 13,492 13,213 13,454 14,026 Equity and liabilities Equity 2,434 2,548 2,067 1,997 2,517 Non-current liabilities 4,555 4,168 3,773 3,857 3,994 Current liabilities 7,626 6,776 7,373 7,600 7,515 Total equity and liabilities 14,616 13,492 13,213 13,454 14,026 Key ratios EBITDA margin (underlying) % 5.5 5.3 5.6 5.9 6.5 EBITA margin (underlying) % 3.6 3.4 4.1 4.1 4.6 ROIC % 10.49 11.44 15.98 17.14 19.43 Equity ratio % 16.7 18.9 15.6 14.8 17.9 Cash fl ow from operating activities 818 1,086 842 875 1,075 Capital expenditure 516 474 643 821 831 Net fi nancial position 2,287 817 178 68 – 323 Employees 30 Sep 71,398 73,707 73,812 74,445 77,309 Diff erences may occur due to rounding OUR STRATEGIC VISION Embarking on a new era The new TUI AG is a company of opportunities – for our customers, our shareholders and our employees.
    [Show full text]
  • Annual Report 2019 of the TUI Group Was Prepared for the Reporting Period from 1 October 2018 to 30 September 2019
    ANNUAL REPORT OF THE TUI GROUP 2019 2019 ANNUAL REPORT OF THE TUI GROUP THE OF REPORT ANNUAL 2019 FINANCIAL HIGHLIGHTS 2019 2018 Var. % Var. % at adjusted constant € million currency Turnover 18,928.1 18,468.7 + 2.5 + 2.7 Underlying EBITA1 Hotels & Resorts 451.5 420.0 + 7.5 – 4.9 Cruises 366.0 323.9 + 13.0 + 13.2 Destination Experiences 55.7 45.6 + 22.1 + 20.4 Holiday Experiences 873.2 789.5 + 10.6 + 3.6 Northern Region 56.8 278.2 – 79.6 – 77.1 Central Region 102.0 94.9 + 7.5 + 7.0 Western Region – 27.0 124.2 n. a. n. a. Markets & Airlines 131.8 497.3 – 73.5 – 72.2 All other segments – 111.7 – 144.0 + 22.4 + 18.5 TUI Group 893.3 1,142.8 – 21.8 – 25.6 EBITA2, 3 768.4 1,054.5 – 27.1 Underlying EBITDA3, 4 1,359.5 1,554.8 – 12.6 EBITDA3, 4 1,277.4 1,494.3 – 14.5 EBITDAR3, 4, 5 1,990.4 2,215.8 – 10.2 Net pro t for the period 531.9 774.9 – 31.4 Earnings per share3 in € 0.71 1.17 – 39.3 Equity ratio (30 Sept.)6 % 25.6 27.4 – 1.8 Net capex and investments (30 Sept.) 1,118.5 827.0 + 35.2 Net debt / net cash (30 Sept.) – 909.6 123.6 n. a. Employees (30 Sept.) 71,473 69,546 + 2.8 Di erences may occur due to rounding. This Annual Report 2019 of the TUI Group was prepared for the reporting period from 1 October 2018 to 30 September 2019.
    [Show full text]