Imperial concluded a deal with TUI UK regarding the continuation of hospitality services for seasons 2019, 2020, 2021.
Imperial published a document in which they state that they have concluded a deal with TUI UK regarding the continuation of hospitality services, by which the company would ensure partial occupancy of the Valamar Carolina Hotel. The deal includes seasons 2019, 2020 and 2021 and is estimated to be worth EUR 8.68m. Note that each year a new separate sessional contract will be concluded of which the one concluded for 2019 is worth EUR 2.53m.
The total value of the deal amounts to 36.4%, while the deal concluded for 2019 amounts to 10.6% of the 2018 operating revenues.