Summer holidays 2022: No last-minute deals for getaways this year, travel firm Tui warns
There will be “no last minute” low-price deals for this year’s summer holidays due to rising demand, travel giant Tui has warned.
The firm said it expects summer bookings to “almost reach” pre-pandemic levels, amid a surge in bookings over the past six weeks.
But Tui boss Fritz Joussen warned there would be “practically no last-minute offers at low prices this summer” as a result.
“The high demand for travel and the very good business performance confirm our forecasts – 2022 will be a good financial year. Capacity almost reaches pre-corona level of 2019,” he told shareholders.
“After two years of crisis, we expect Tui to become profitable again in the current financial year. This is the basis for new growth.”
Tui’s summer holiday bookings are currently at 85 per cent of 2019 levels, the firm said and its losses halved in the six months up to March to €614.5m (£525m).
In the past three months, 1.9 million customers flew with Tui – an increase of 1.7 million compared with the same period in 2021.
Greece is the firm’s most popular destination at present, Tui told the BBC, followed by the Canary and Balearic Islands, and Turkey.
Tui’s resurgence chimes with stronger-than-expected recovery for other travel firms, including German carrier Lufthansa and airport operator Fraport.
It comes as the European Union Aviation Safety Agency announces it will drop mandatory face mask rules for airports and flights in Europe from next week.
The body said it was a “big step forward in the normalisation of air travel”.
In March, Transport Secretary Grant Shapps announced that the UK would ditch all Covid travel restrictions for international arrivals to the UK.
Previously, all travellers entering the UK had to complete a passenger locator form. Unvaccinated adults also needed take a day two PCR test upon arrival and self-isolate until receiving the results, as well as a Covid test in the two days prior to travel to the UK.
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