Tourism, the TUI Group’s core business, showed an overall positive performance in the short financial year 2009. While customers booked their holidays later on average due to the uncertain economic environment, the majority of all source markets reported robust demand, in particular in the important summer season. Overall, volumes fell year-on-year. TUI Travel adjusted its capacity in the package tour business to the expected decline in demand in due time and therefore managed to achieve its margin and capacity utilisation targets.
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