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  "documentTitle": "2024 Annual Report",
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      "text": "In financial year 2024, consolidated revenue increased by 12.1% year-on-year from €20.7 bn to €23.2 bn.",
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      "text": "CONTENTS FINANCIAL YEAR 2024 COMBINED MANAGEMENT REPORT CORPORATE GOVERNANCE CONSOLIDATED FINANCIAL STATEMENTS AND NOTES 175 Consolidated Financial Statements 180 Notes 180 Principles and Methods 199 Segment Reporting 203 Notes to the Consolidated Income Statement 210 Notes to the Consolidated Statement of Financial Position 265 Notes to the Cash Flow Statement 266 Other Notes 276 Responsibility Statement by Management 277 Independent Auditor's Report 283 Report of the Independent Practitioner regarding the Non-Financial Group Declaration 285 Forward-Looking Statements",
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      "text": "Group revenue is mainly generated from tourism services. The other revenues present income from sub-leases. In financial year 2024, consolidated revenue increased by 12.1% year-on-year from €20.7 bn to €23.2 bn.",
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      "text": "In the completed financial year, the TUI Group's business volume was strongly higher than in financial year 2023, due to a year-on-year increase in pax numbers and higher average prices, mainly in Markets + Airline. Moreover, the TUI Group's performance is subject to significant seasonality due to the tourism business being characterised by the winter and summer travel months.",
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      "text": "(1) Revenue",
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