Holiday operator TUI has reported strong bookings for summer holidays this year, despite the squeeze on many household budgets from the cost of living crisis.
UK bookings for summer holidays are up by a fifth (19%) on pre-pandemic levels, the company said in a quarterly trading update.
Across the winter 2021/22 and summer 2022 seasons TUI has so far recorded six million holiday bookings, with an acceleration since the start of the new year as confidence in international travel improves.
And the Germany-based company said that the UK market was outperforming its wider business in terms of sales.
TUI’s group revenue of €2.4bn in the quarter to 31 December 2021 was €1.9bn higher than in the same period in 2020.
Its group loss halved to €386.5m, from €790.3m a year earlier.
Quoted by Sky News, the company’s chief executive Fritz Joussen said: “We expect a strong summer 2022. There is pent-up demand among customers.”