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Travel Daily News
19 hours ago
- Business
- Travel Daily News
Peakwork Partner Connect 2025: International travel tech network meets in Düsseldorf
Peakwork Partner Connect 2025 gathered 400 travel industry leaders from 25+ countries to explore tech innovation, new partnerships, and launch nexTOs platform. DUSSELDORF – For the sixth time, Peakwork invited decision-makers and senior executives from the international travel industry to Peakwork Partner Connect (PPC) in Düsseldorf. The response was overwhelming: Nearly 400 participants from more than 25 countries gathered at the largest PPC to date to explore opportunities for new partnerships, advance technological developments, and strengthen personal networks. At the heart of the event was the direct exchange between leading tour operators, online travel agencies, airlines, accommodation and hotel providers, and other service partners who are – or aim to become – part of Peakwork's global partner network. One of the highlights was a panel discussion on current market developments featuring Stefan Baumert, CCO Markets at TUI Group; Mark Tantz, COO of DERTOUR Central Europe; Ralph Michaelsen, CEO DACH at Invia Travel Germany (ab-in-den-urlaub), and Irina Haselmann, CEO of Eurowings Holidays. The discussion, moderated by Peakwork CEO Manuel Saballus, focused on the future of dynamic tour operating – from today's key challenges and the vital role of travel technology in distribution, to the ongoing debate around price parity and its impact on tour operator packages. Another highly anticipated session was the keynote by Jaime Sastre, CEO of the Juniper Group and founder of Juniper Travel Technology. He shared insights into the rapid growth and strategic evolution of the Constellation Software Group – a global software powerhouse with over 1,200 companies and more than 50,000 employees worldwide – which Peakwork joined in 2023. Headquartered in Düsseldorf, Peakwork has positioned itself as a leading international travel tech platform and a central player in the group's travel tech division, driving strategic growth and M&A initiatives. In 2025, Peakwork recorded over 20,000 bookings per day via its systems on peak days, with up to 60 million daily search requests. A core focus of this year's Partner Connect was the launch of nexTOs, the new all-in-one solution and next-generation Travel Operating System. The platform provides tour operators and OTAs with a powerful system for inventory management, dynamic packaging (including sourcing of hotels, flights, and more), pricing, distribution, and fulfillment – all within one scalable ecosystem. During the event, early adopters of nexTOs were honored with the Peakwork Partner Award for their innovation and pioneering spirit. 'We're proud to have established Peakwork Partner Connect as a platform that delivers real business value – through personal networking, expert exchange on technology and innovation, and tangible business opportunities,' said Manuel Saballus, CEO of Peakwork. 'The strong international participation and the high interest in nexTOs clearly show: We're delivering exactly what the market needs right now.' Stefanie Wasserfuhr, VP Commercial at Peakwork, added: 'I've always been a fan of Peakwork Partner Connect. The energy, the spirit of innovation, and the openness of this network are truly inspiring – a real asset for us and the entire industry.' A diverse social program at the RheinRiff event location – said to be the world's largest indoor surf venue – made the event truly special. From team activities to surfing in the heart of Düsseldorf, there were plenty of opportunities for personal interaction. The evening event, featuring a live performance by Fresh Music Live, capped off the day with a celebration that lasted well into the early morning hours.
Fashion Network
4 days ago
- Business
- Fashion Network
Harrods names Geoff Weaver its new CFO
Harrods announced on Friday that it its new chief financial officer has joined, taking up one of the key leadership roles in the business, with Geoff Weaver now in charge of finance at the luxury London department store. The retailer said he brings more than two decades of 'financial leadership experience across multinational environments', although that doesn't mean he's a retail specialist, nor a luxury one. In fact, he joins from TUI Group, the travel business, where he's held senior finance roles since 2011, most recently serving as finance director for TUI Markets & Airlines, the group's largest division. Prior to this, he spent over six years at KPMG within its audit function. Harrods MD Michael Ward hailed his 'commercial acumen, digital expertise, and people-first leadership' that he said 'will be instrumental as we continue to evolve our business and reinforce our authority in luxury across all categories and channels'. He replaces his predecessor with immediate effect as former CFO Tim Parker — who's been in the role since 2022 — left the company last month to pursue other opportunities. As mentioned, the Harrods business continues to evolve and Weaver's arrival comes after the giant Knightsbridge store opened its latest revamped physical space with the unveiling of Designer Collections – Room 3 (DC3). This latest addition to its womenswear portfolio is said to be 'the next chapter in the evolution of the first floor — a cornerstone of the wider Harrods Masterplan, the store's ambitious multi-year transformation of the customer experience'.
Fashion Network
4 days ago
- Business
- Fashion Network
Harrods names Geoff Weaver its new CFO
Harrods announced on Friday that it its new chief financial officer has joined, taking up one of the key leadership roles in the business, with Geoff Weaver now in charge of finance at the luxury London department store. The retailer said he brings more than two decades of 'financial leadership experience across multinational environments', although that doesn't mean he's a retail specialist, nor a luxury one. In fact, he joins from TUI Group, the travel business, where he's held senior finance roles since 2011, most recently serving as finance director for TUI Markets & Airlines, the group's largest division. Prior to this, he spent over six years at KPMG within its audit function. Harrods MD Michael Ward hailed his 'commercial acumen, digital expertise, and people-first leadership' that he said 'will be instrumental as we continue to evolve our business and reinforce our authority in luxury across all categories and channels'. He replaces his predecessor with immediate effect as former CFO Tim Parker — who's been in the role since 2022 — left the company last month to pursue other opportunities. As mentioned, the Harrods business continues to evolve and Weaver's arrival comes after the giant Knightsbridge store opened its latest revamped physical space with the unveiling of Designer Collections – Room 3 (DC3). This latest addition to its womenswear portfolio is said to be 'the next chapter in the evolution of the first floor — a cornerstone of the wider Harrods Masterplan, the store's ambitious multi-year transformation of the customer experience'.
Fashion Network
4 days ago
- Business
- Fashion Network
Harrods names Geoff Weaver its new CFO
Harrods announced on Friday that it its new chief financial officer has joined, taking up one of the key leadership roles in the business, with Geoff Weaver now in charge of finance at the luxury London department store. The retailer said he brings more than two decades of 'financial leadership experience across multinational environments', although that doesn't mean he's a retail specialist, nor a luxury one. In fact, he joins from TUI Group, the travel business, where he's held senior finance roles since 2011, most recently serving as finance director for TUI Markets & Airlines, the group's largest division. Prior to this, he spent over six years at KPMG within its audit function. Harrods MD Michael Ward hailed his 'commercial acumen, digital expertise, and people-first leadership' that he said 'will be instrumental as we continue to evolve our business and reinforce our authority in luxury across all categories and channels'. He replaces his predecessor with immediate effect as former CFO Tim Parker — who's been in the role since 2022 — left the company last month to pursue other opportunities. As mentioned, the Harrods business continues to evolve and Weaver's arrival comes after the giant Knightsbridge store opened its latest revamped physical space with the unveiling of Designer Collections – Room 3 (DC3). This latest addition to its womenswear portfolio is said to be 'the next chapter in the evolution of the first floor — a cornerstone of the wider Harrods Masterplan, the store's ambitious multi-year transformation of the customer experience'.
Euronews
11-02-2025
- Business
- Euronews
TUI Group sees robust demand for package holidays in late 2024
German travel and tourism giant TUI Group announced its first quarter financial year 2025 earnings on Tuesday, for the October to December 2024 quarter. It noted that 3.7 million clients travelled with the company during this period, which was a rise of 6% on an annual basis. TUI experienced an 18% surge in dynamically packaged holidays compared to the same period the previous year, coming up to 0.7 million holidaymakers. These packages are tailor-made holidays, with clients being able to choose from a vast range of flight options. The company's share price dropped 9.3% on Tuesday morning. Revenue for Q1 FY25 came up to €4.9 billion, which was a 13% increase compared to the corresponding period in the previous year. Underlying earnings before interest and taxes (EBIT) surged to €51m, compared to €6m in the same quarter in 2023. This was mainly because of robust performance in the Holiday Experiences department, which includes TUI Musement, Hotels & Resorts and Cruises. Fitch gave TUI a BB rating, with a stable outlook, bringing the company's rating back up to pre-pandemic levels. TUI also reiterated its outlook for the financial year 2025, expected 7% to 10% hike in underlying EBIT, while estimating a 5% to 10% rise in revenue. Sebastian Ebel, the chief executive officer (CEO) of TUI AG, said in the Q1 FY25 earnings press release on the company's website: 'TUI is strategically well positioned. Thanks to our integrated business model, we create synergies between the two business areas Markets + Airline, with our tour operators and flight business, and Holiday Experiences, with our own Hotels, Cruises and TUI Musement. 'The roadmap is clear: We are accelerating our transformation and aiming for global growth. We set the course for that in the last financial year and will continue to deliver consistently in 2025. The first quarter shows: our strategy is paying off, operationally we are delivering. People prioritise their holidays even in times of change, and even in a challenging economic environment in Europe for almost all sectors. For ten quarters in a row, TUI has successfully aligned trends, strategy and operational performance" Mathias Kiep, the chief financial officer (CFO) of TUI Group, also said in the press release: 'The promising performance in the first financial quarter of 2025, and thus the tenth consecutive quarter of earnings growth, will help us achieve our ambitious growth targets for the full year.' TUI Group sees rising demand for short and medium-haul destinations Increasing demand for winter short and medium-haul destinations boosted TUI's Q1 FY25 earnings, with Egypt, the Canary Islands and the Cape Verde islands seeing a rebound in interest. At present, average prices for winter 2024/2025 are 4% higher on an annual basis. Similarly, average prices for summer 2025 have risen 4% as well, compared to the same period in the previous year. For summer this year, the most popular holiday destinations are Greece, Spain and Turkey. Current bookings for summer 2025 and winter 2024/2025 have increased 2% compared to the corresponding period in the previous year. Ebel also shared that along with cementing its tour operation business in key European markets, TUI is also increasing its focus on new markets with high growth potential in Asia, Latin America and Southeast Asia. This move is expected to go a long way in helping the company reduce its dependence on Europe.
