Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

TUI says rise in bookings points to sustained recovery

Published 05/01/2022, 08:53 AM
Updated 05/01/2022, 08:55 AM
© Reuters. Tui app is seen on a smartphone in this illustration taken, February 27, 2022. REUTERS/Dado Ruvic/Illustration

FRANKFURT (Reuters) - Holiday group TUI recorded 1.3 million bookings in the past four weeks, chief executive Fritz Joussen told staff in a letter seen by Reuters on Sunday, pointing to a sustained recovery from the pandemic.

The world's largest holiday company had in March reported 8.9 million bookings for the period stretching from winter to summer this year, as the number of holidaymakers rose toward pre-pandemic levels.

"Two trends are obvious: bookings are becoming considerably more premium and they are being made at a considerably shorter notice," Joussen wrote to staff. "This is good for turnover, margins and profitability."

TUI said earlier this year that summer holiday bookings were approaching pre-COVID levels on pent-up demand, with a steady recovery in Britain since restrictions and testing rules were lifted.

Latest comments

key thing is. will it last ?
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.