
TUI GROUP SEES RECOVERY, NORMAL BOOKING LEVELS IN 2022
Global leisure travel giant TUI Group said bookings for 2022 are “encouraging” and that it expects in summer 2022 to recover booking levels, adding that it has so far achieved 69 percent of pre-crisis level bookings.
“The operating business is back. We are generating significant cash inflows and achieving positive results again in many markets and with our hotels and TUI hotel brands. The program of the first financial quarter of 2022 is already almost fully sold,” said Fritz Joussen, CEO of TUI Group.
According to the company, bookings for 2022 are robust with more than 1.4 million additional bookings made since the company’s last update in October 2021. For winter and 2022, holidaymakers are choosing higher-value offers and more package tours and are also prepared to plan a larger budget for their holidays, said TUI. Average prices, meanwhile, are approximately 15 percent higher than in the pre-pandemic year. For the summer of 2022, average prices are even 23 percent higher.
“In 2021 we have already achieved around 60 percent of the annual cost savings of 400 million euros announced for 2023,” said Joussen.