Holiday giant Tui has said it expects summer bookings to "almost reach" 2019 levels this year, but warned there will be "no last minute" low price deals.
Tui's losses halved to €614.5m in the six months to March, as it hailed a strong recovery in customer demand.As a result, the company told its shareholders it could return to profit by the end of the year. In the past three months, 1.9 million customers flew with Tui which was an increase of 1.7 million compared to the same period in 2021 when global travel was on its knees due to the pandemic.
The optimism isn't completely un-clouded. Tui - like other travel businesses - will be keeping an eye on how the Ukraine war, inflation and any future travel restrictions affect consumers' behaviour. On Tuesday, Heathrow Airport said it had seen strong demand in April and forecast that passenger numbers will grow this summer.
I haven’t had a holiday for 20 years. What’s one of those
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