AGM | Annual General Meeting |
A&D | Accommodation & Destinations SectorAsset-right |
Asset-right | Optimum mix of owned and leased assets |
B2B | Business-to-Business |
B2C | Business-to-Consumer |
Bedstock | Accommodation capacity |
Bednights | Amount of accommodation sold |
bn | billion |
Business combination | The merger of the Tourism Division of TUI AG (excluding certain hotel assets) and First Choice Holidays PLC |
CIS | Commonwealth of Independent States |
CO2/RPK | carbon dioxide emissions per revenue passenger kilometre |
Controlled distribution | Owned and franchised retail shops, call centre and website |
CGU | Cash Generating Unit |
DABS | Deferred Annual Bonus Scheme |
Differentiated content | Includes hotels and products that have been tailored to offer additional services and facilities to our customers |
Direct distribution | Retail, call centre and website |
EBT | Employee Benefit Trust |
EPS | Earnings Per Share |
ETS | European Emissions Trading Scheme |
GAS | Group Audit Services |
GDP | Gross Domestic Product |
GMB | Group Management Board |
JV | Joint Venture |
KPIs | Key Performance Indicators |
Lates market | 8-10 weeks prior to departure |
Load factor | Passenger volumes as a percentage of capacity |
m | million |
Merger | The business combination of the Tourism Division of TUI AG (excluding certain hotel assets) and First Choice Holidays PLC |
MOU | Memorandum of Understanding |
PSP | Performance Share Plan |
RCF | Revolving Credit Facility |
ROIC | Return on invested capital |
RPI | Retail Price Index |
Sector | Subset of TUI Travel PLC whose businesses share similar characteristics, these include Mainstream Sector, Activity Sector, Specialist & Emerging Markets Sector and Accommodation & Destinations Sector |
Specialist Sectors | The Specialist Sectors are the Activity Sector, Specialist & Emerging Markets Sector and Accommodation & Destinations Sector |
Summer season | May to October |
TSR | Total Shareholder Return |
TUI AG | TUI Travel PLC’s majority shareholder |
The Board | TUI Travel PLC Board of Directors |
The Group | The TUI Travel PLC Group of Companies |
The Company | TUI Travel PLC |
VCSP | Value Creation Synergy Plan |
WACC | Weighted average cost of capital |
Winter season | November to April |