TUI shares are still falling: TUI sees further increases in bookings

The positive trend is stabilizing, wrote CEO Fritz Joussen in a letter to employees that Dow Jones Newswires received on Sunday. In the past four weeks alone, a further 1.3 million customers have been added, so that TUI is well above the 8.9 million guests communicated at the end of March for the entire winter 21/22 and summer 2022 season.

The strong Easter business has shown that the demand for travel remains high. At the end of March, TUI had already announced that the booking backlog for the summer was 80 percent of the pre-crisis level.

In addition, customers continue to spend more money on vacation. In the winter business, average prices have risen by 14 percent, and for the summer of 2022 they are a full 20 percent higher. “Two trends are becoming more stable: bookings are made at significantly shorter notice and with higher quality. That’s good for sales, margins and profitability – especially with a view to summer and the holiday months,” says Joussen, confirming the goal of summer 2022 for everyone markets to almost reach the normalized booking level of summer 2019, the year before the start of the Corona crisis.

On Monday, the TUI share was temporarily down 0.8 percent on XETRA at EUR 2.72.

DJG/sha/mod

FRANKFURT (Dow Jones)

Image sources: Dafinchi / Shutterstock.com, TUI