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TUI Group announces strong summer growth and increased winter bookings

by Donald Wood
Last updated: 12:30 p.m. ET, Tuesday, September 19, 2023

European travel agency TUI Group has announced that its full-year financial results are expected to “increase significantly” thanks to strong summer demand and an increase in winter bookings.

TUI revealed that summer bookings for 2023 stood at 13.7 million, an increase of 5 per cent year-on-year and 96 per cent of pre-pandemic totals. Data from the travel agency also showed that forward bookings increased by 15 percent.

Travel agency data confirms the post-pandemic travel boom is still going strong.

“If it weren’t for the various events in recent months that were beyond our control, including the forest fires in Rhodes, we would have exceeded our expectations,” said TUI CEO Sebastian Ebel.

This summer, travel in Europe thrived despite extreme weather that led to unprecedented levels of disruption, with Eurocontrol reporting that weather-related air travel delays and cancellations were 2.5 times higher than the year before. last.

TUI officials said that despite the travel disruptions, the company told Reuters.com it would “reconfirm that its underlying earnings before interest and tax would increase significantly for the fourth quarter and full year, with continued growth forecast for 2025 and 2026.”

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