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TUI's board approves corporate planning
Friday, January 25, 2008

At its meeting on Wednesday 23 January, TUI AG’s Supervisory Board approved the Group’s corporate planning and also approved the Executive Board’s proposal that, for the 2007 financial year, a dividend payment of 25 cents per share be put to the Annual General Meeting. Earlier in the Supervisory Board meeting, the Executive Board confirmed that results for the 2007 business year meet management expectations.

For the Tourism division, the Executive Board is expecting continual growth in the years up to 2010. Among the factors influencing earnings in Tourism are the expected synergies. Other planned stages for the Tourism business are to be presented by the management of TUI Travel PLC on 29 January.

Theodore Koumelis - Friday, January 25, 2008
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Poll
How do you expect luxury travel to perform in times of economic downturn?.

Providers of luxury travel products are going to witness shorter stays by their customers and an increase in seasonality.

People are going to become more value conscious and will opt for those luxury offers that represent a convincing value-for-money proposition. Providers of overpriced services are those to feel the pinch.

Both people paying for their personal trips and firms paying for their top executives' business trips will cut back on travel expenses, thus affecting all luxury travel providers.

It is going to be business as usual. Those people opting for high-end travel products are not going to be affected by the looming crisis.

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