TUI Group says ‘business is back’ as full-year report shows ‘significant recovery’

By Lisa James
Home » TUI Group says ‘business is back’ as full-year report shows ‘significant recovery’

TUI Group says the first winter quarter of 2022 is almost fully booked, with 93% of its programme sold. However, capacity is at 69% of the pre-pandemic figures of Q1 2019.

The figures are published in TUI Group’s full-year report, out today.

In line with other findings, TUI Group says the ‘trend towards higher-value travel causes average prices and revenues to rise significantly’.

CEO Friedrich Joussen said: “We had a successful summer season after the relaunch.

“TUI’s operating business is back and has recovered significantly in the last financial quarter of 2021.

“The first financial quarter of 2022 is already almost fully booked at 93%. This means that we are currently at 69% of the pre-crisis level capacities in the current quarter.

“We expect summer 2022 and the peak travel season to return to booking levels similar to pre-Corona 2019.”

Online bookings are up nine percentage points in the UK market, to 72%, the report says.

TUI Group adds it’s seeing a 226% increase of excursions, tours and activities sold via the app, however, the total number of excursions sold is down 59%.

Marella Cruises is operating three out of four ships in the Canaries, Western Med and the Caribbean, with Barbados well-sold in particular.

Summer 2022 ‘remains well-positioned with strong retention levels’ for the cruise line, TUI Group adds.

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