Wednesday, February 09, 2011

TUI on AsiaRooms and LateRooms for Q4 2010

Mega Euro travel company TUI Group have just published their results for the final calendar quarter of 2010 (PDF here).

Online travel companies AsiaRooms and LateRooms make up part of TUI's A&D Sector (for more background on this group see this post on the 2009 performance, this post on the first re-org that combined AsiaRooms and LateRooms and this post on the operational internal merger of AsiaRooms and LateRooms). Here is an extract from the earning release (note where they say Q1 it refers to calendar Q4)

"The A&D Sector reported an improved underlying operating profit of £4m (Q1 10 £1m), driven by a strong increase in roomnights in our accommodation businesses. Our accommodation wholesalers, Bedsonline and Hotelbeds, delivered a 20% increase in roomnights following continued expansion in Latin America, with particularly strong growth in Brazil., our accommodation OTA, increased roomnights by 19% as it continued to increase its market share. The increase in profits was partially offset by marketing and product investment in, where we are increasing our hotel content and translating our website into local languages to address the high growth domestic
markets in Asia."
Accoumpianying spreasheet shows that the revenue for sector increased 7% from £121mm to £130mm.

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