Tourism

Tui is making progress in reducing debt and interest expenses, and was ahead of guidance for the first nine months of its financial year. The cruise business has been performing well.

Frankfurt's reconstructed old town is a magnet for visitors. But rather than being a typical tourist trap, the area features a vibrant, young creative cultural and restaurant scene that also attracts locals.

Ahead of the European Football Championship kickoff in Munich on June 14, the retail and hospitality industries in Germany have mixed expectations about the impact on business.

Tui does not have any plans for share buybacks, but has a strong focused on its free cash flow, and a path towards eventually restarting dividend payments. CEO Sebastian Ebel and CFO Mathias Kiep elaborate on their strategy in an interview.

Tui CEO Sebastian Ebel looks back on a "good first half-year" from a business perspective, as he told the Börsen-Zeitung on the occasion of Tui's stock returning to the Prime Standard. At the same time, the company is noting a "stabilization in the shareholder base."

In view of declining actual wages, travelling could soon become a luxury that fewer and fewer people can afford.