TUI Group doesn’t see signs of tourism improvement in North Africa and Turkey

Published on : Tuesday, May 16, 2017

TUI Group doesn’t see signs of tourismAs per the TUI Group, Spain and other European destinations are continuing to make up for a lack of demand for Turkey and North Africa. Tourists have been avoiding visiting places hit by terrorism for the last few years, and there seems to be no sign of a recovery. Fortunately, for TUI it has other options. Its comparatively new fleet of Boeing 787 Dreamliners means that it has been able to access long-haul destinations such as the Caribbean and it is also starting new hotels all through Europe to attract those who want to stay closer to home.

According to TUI Chief Executive Fritz Joussen, “I think when you look at the overall customers for H1 you can see that we had around about 8 percent more customers than the year before. So yes it’s true that we shift some demand away from Tunisia, or Egypt, or Turkey into other countries and we are not on a mission. So if customers want to go on vacation… to new destinations be it the Caribbean, or south-east Asia or Spain, for us it’s perfectly fine.” He added, “But also in all fairness I think as always countries will come back particularly right now Turkey we see very much increasing trends.”

TUI’s financial year starts in October and like most European tour operators, it is running at a loss for the first half, making up its profits in the summer months when people actually go on holiday.

A new TUI Blue hotel opened in Tuscany, Italy earlier this year and further openings are planned in places such as Thailand and Mexico.

“Our transformation to an integrated tourism business is on track. We are delivering strong growth in our hotel and cruise brands,” Joussen said.


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