Tui in buoyant mood

Europe’s largest travel operator says that the Covid-19 crisis was behind it as summer bookings surpassed pre-pandemic levels.

Tui Group said that, in the face of pent-up demand, customers were buying more expensive holidays, driving prices up by an unprecedented 22%.

 was firm with the Group’s position: "We expect a strong summer 2022. The path out of the pandemic is becoming increasingly clear. Demand for travel is high across all markets. Tui has used the time to transform: we are leaner and more efficient today and are becoming more profitable than before the crisis. On this basis, we will push ahead with the repayment of the state aid granted and the focus on new growth."

Asked whether the Tui boss believed the pandemic crisis was now behind it, he replied simply: “Yes”.

Tui Group was created in 2014 by the merger of Britain’s Tui Travel and Germany’s Tui AG. It employs 70,000 people in more than 100 countries and operates about 400 hotels, 18 cruise ships, 150 aircraft and 1,600 travel agencies. Its biggest shareholder, with 32%, is Alexey Mordashov, 56, the Russian billionaire.

www.tuigroup.com

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