Tui Group echoes Cook in verifying UK price increase

Published on : Wednesday, February 15, 2017

Tui Group echoes CookFritz Joussen, Tui Group chief executive while talking to a conference call and delivering the financial results of the firm said that 4 percent more customers with 8 percent more revenue for summer and winter 2017.

Summer bookings were up by 3 percent from UK in 2016 with 12 percent high revenue. This was a combination of higher prices and customers’ willingness to spend more on travel than ever before.

To quote Fritz, ‘’ Customers are spending more partly because prices have gone up. Is that something we can pass on? In Spain potentially not because there is scarce supply [of accommodation] and we see that with our own hotels. We put money into renovations and making hotels more attractive.” Joussen said Greece has been quite a strong contender this year. He said, ‘’ Long-haul and cruises are also growing strongly. But for summer it is still early days.’’ As reported by TTG, Nordic countries will soon to lift ban on Sharm-el-sheikh flights. He said, ‘’ Other than the UK our source markets are mainly targeted to other parts of the country [than Sharm].’’


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