Tui reports bookings doubled in April with a ‘strong summer’ ahead – and higher prices Business News

Europe’s largest vacation company said bookings for summer travel were skyrocketing – and prices were 22% higher than for summer 2019.

Anglo-German giant Tui reported a massive loss of 1.3 billion euros (£ 1.1 billion) for the first half of its fiscal year, running from October 2020 to March 2021.

However, it reports increasingly strong sales for the summer of 2021 and, above all, 2022.

New weekly vacation bookings doubled in April and new bookings for summer 2022 have increased 109% since March.

But the company’s 2.6 million bookings for summer 2021 represent a drop of 69% from the comparable time of summer 2019.

Managing Director Fritz Joussen said: “Holidays are top of mind for Europeans after the months of the pandemic.

“Bookings and booking trends show: Holidays in the Mediterranean, Aegean Sea and on a boat will again be possible for many families in the coming weeks.

“Currently, around 70% of those surveyed want to go on vacation.

“England in particular offers potential as new travel corridors to southern Europe open up there in the coming weeks as well.

“European destinations, in particular Greece, the Canaries and the Balearic Islands, are preferably ahead.”

The rise in average selling prices, up 22% from 2019, is attributed to a higher proportion of all-inclusive vacations.

UK holidaymakers can travel abroad for the first time in 19 weeks starting Monday, May 17 – but Portugal is the only traditional holiday destination on the UK government’s ‘green list’.

More about this article: Read More
This notice was published: 2021-05-12 06:27:18