In the Holiday Experiences segment with Hotels & Resorts, Cruises and TUI Musement, all areas continued the very positive development of the previous quarters. Hotels & Resorts achieved an underlying EBIT of 131 million euros. This corresponds to an increase of 16 per cent year-on-year (Q3 2023: 113 million euros). The number of overnight stays was 2 per cent higher than in the previous year (11.2 million), while hotel occupancy stood at 80 per cent, up 1 percentage point on the previous year. The average rate per day rose by 7 per cent year-on-year to 85 euros.
The Cruises segment also reported another very good quarter. Underlying EBIT amounted to 91 million euros (previous year: 64 million euros). This was due to higher occupancy and higher rates, which underlines the strong demand for cruises. This trend is continuing. Occupancy improved by 3 percentage points year-on-year to 98 per cent. Average fares increased by 7 per cent to 235 euros compared to Q3 FY2023.
TUI Musement, our business offering Tours & Activities, increased underlying EBIT to 19 million euros in the third quarter of the financial year 2024 (previous year: 13 million euros). The number of guest transfers in the destinations rose by 7 per cent to 8.7 million and a total of 2.8 million experiences were sold. This corresponds to an increase of 2 per cent compared to the previous year (Q3 2023: 2.7 million). The segment benefited above all from the continued growth of its own experience portfolio and established a further strategic partnership with lastminute.com, including the brands Bravofly, Rumbo, Volagratis and Weg.de.
In the Markets & Airlines segment, the Group’s tour operators, underlying EBIT more than doubled year-on-year to 16 million euros. Central Region (Germany, Austria, Switzerland, Poland) closed the quarter with a positive underlying EBIT of 21 million euros. Northern Region (UK, Ireland and the Nordics with Sweden, Norway, Finland and Denmark) also recorded an increase. Underlying EBIT amounted to 14 million euros (previous year: -1 million euros). Western Region (Netherlands, France and Belgium) reported an underlying EBIT of -19 million euros. This development was driven by IT investments and the challenging long-haul business.