AGM
Annual General Meeting

Asset-right
Optimum mix of owned and leased
assets

B2B
Business-to-Business

B2C
Business-to-Consumer

Bedstock
Accommodation

bn
billion

Business Combination
Merger of Tourism Division of TUI
AG (excluding certain hotel assets)
and First Choice Holidays PLC
completed on 3 September 2007

CGU
Cash Generating Unit

CIS
Commonwealth of Independent States

Controlled distribution
Owned and franchised retail shops,
call centre and web site

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

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

MOU
Memorandum of Understanding

ODS
Online Destination Services

PSP
Performance Share Plan

RCF
Revolving Credit Facility

ROIC
Return on Invested Capital

RPI
Retail Price Index

SEP
Senior Executive Plan

Sector
Subset of TUI Travel PLC whose
businesses share similar characteristics,
these include Mainstream Sector,
Activity Sector, Specialist & Emerging
Markets Sector and Online Destination
Services Sector

Specialist Sectors
The Specialist Sectors are the
Activity Sector, Specialist & Emerging
Markets Sector and Online Destination
Services Sector

Summer season
May to October

TSR
Total Shareholder Return

TUI AG
TUI Travel’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