TUI Sees Dividend Restoration as Tourism Resists Slowdown

TUI AG, the owner of Europe’s largest travel company, said it expects a “slight” increase in revenue this fiscal year and plans to restore dividends soon as tourism in the region resists the weak economic climate.

The shares rose as much as 5 percent in Frankfurt, the steepest gain in a month, as Chief Executive Officer Michael Frenzel said dividend payments are likely to resume in the “near future,” having been absent since 2008.