“The momentum of reservations continues to be encouraging”, they have said from TUI Group when presenting the results of the third fiscal quarter, highlighting that in the third quarter 5.1 million clients have traveled and they have 11.5 million clients for all summer. At the moment, reserves are at 90% of the volume achieved before the pandemic and if July and August are analyzed at 93%.
With these preliminary results, TUI has reiterated its expectation of “almost reaching” the level of reservations for summer 2019, although in the specific case of TUI Deutschland they have increased by around 20% since the last update in May, compared to the same reservation level for the summer of 2019.
The tour group has highlighted that average prices “are at a very high level for the summer of 2022” with an increase of 18%. That is because tourists are booking more packages and higher value services, such as room upgrades. and longer stays, something that the tour operator has also highlighted DER Touristicas explained in The all-inclusive is growing in popularity among German tourists
In fact, the 5.1 million customers in the third quarter translate into a turnover of 4,430 million euros, multiplying almost seven times the 650 million euros for the same period in 2021.
“The figures after nine months confirm the trends and our expectations for 2022. We are experiencing a strong summer of travel. TUI is insured and economically and operationally back on track when I hand over the presidency to sebastian ebel on September 30,” said the CEO of TUI, Fritz Joussenafter noting that “all areas have returned to normal after the coronavirus.”