Glossary of key terms
A&D
Accommodation & Destinations Sector
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
