TUI: In the summer, the Greek islands will "sell out" - Crete is in high demand.
Ktimatoemporiki Real Estate - 2022-02-14
TUI: In the summer, the Greek islands will "sell out" - Crete is in high demand.
Smiles have returned to the world's largest tourism firm, along with good news for Greek tourism.
The annual general meeting of TUI in Hanover brought good news for the approaching Greek summer, with the managing director of the tourist giant TUI saying that the Greek islands will "sell out" this year.
In statements distributed by TTG media, Fritz Joussen stated that sales of travel packages to Greece are doing very well, owing to repeated bookings and the country's high popularity last summer, which appears to be repeated. "The Greek islands, I would think, will be full, and I predict high pricing," he said emphatically.
In fact, he projected that popular vacation spots like Crete would be in high demand. Mr. Joussen mentioned TUI's agreement with the Greek government to construct Co-Lab, the world's first laboratory for sustainable tourism, in Rhodes in his keynote address to the company's shareholders. It will, as he stated, transform the island into a model destination for sustainable development, serving as a model for many other locations across the world.
TUI's Board of Directors stated that the company anticipates a successful summer in 2022. "The path out of the pandemic is becoming increasingly obvious.
Prices have risen by 22% as tourists purchase not only lengthier and hence more expensive journeys, but also more expensive packages, hotels, and other services. Due to the larger economies that households attained during the epidemic, Mr Joussen said there was a trend toward higher expenses. When it comes to long-distance travel, he says the Caribbean and Cape Verde are popular destinations.
He noted that traffic around Catholic Easter is extremely heavy, and that many of their hotels in various destinations are already fully booked. Mr Joussen claimed that bookings from the United Kingdom were "extremely high," hitting 100 percent of pre-pandemic levels in the main outbound tourism sectors. The German market, on the other hand, is about 20% behind.
Bookings for the summer of 2022 are at an all-time high, according to TUI data. TUI clients had booked 3.5 million trips for the summer of 2022 as of January 30, accounting for almost 72 percent of the total for the summer of 2019. However, fresh bookings have now surpassed 100% of the summer level of 2019, so the Group anticipates that summer 2022 will be similar to the season before the COVID problem.
The TUI group's revenues in the first quarter of 2022 totaled 2.37 billion euros, which was five times higher than the previous year (1st quarter 2021: 468 million euros). Seasonal losses have drastically decreased: EBIT is now -274 million euros (previous year: -676 million euros).
Smiles have returned to the world's largest tourism firm, along with good news for Greek tourism.
The annual general meeting of TUI in Hanover brought good news for the approaching Greek summer, with the managing director of the tourist giant TUI saying that the Greek islands will "sell out" this year.
In statements distributed by TTG media, Fritz Joussen stated that sales of travel packages to Greece are doing very well, owing to repeated bookings and the country's high popularity last summer, which appears to be repeated. "The Greek islands, I would think, will be full, and I predict high pricing," he said emphatically.
In fact, he projected that popular vacation spots like Crete would be in high demand. Mr. Joussen mentioned TUI's agreement with the Greek government to construct Co-Lab, the world's first laboratory for sustainable tourism, in Rhodes in his keynote address to the company's shareholders. It will, as he stated, transform the island into a model destination for sustainable development, serving as a model for many other locations across the world.
TUI's Board of Directors stated that the company anticipates a successful summer in 2022. "The path out of the pandemic is becoming increasingly obvious.
Prices have risen by 22% as tourists purchase not only lengthier and hence more expensive journeys, but also more expensive packages, hotels, and other services. Due to the larger economies that households attained during the epidemic, Mr Joussen said there was a trend toward higher expenses. When it comes to long-distance travel, he says the Caribbean and Cape Verde are popular destinations.
He noted that traffic around Catholic Easter is extremely heavy, and that many of their hotels in various destinations are already fully booked. Mr Joussen claimed that bookings from the United Kingdom were "extremely high," hitting 100 percent of pre-pandemic levels in the main outbound tourism sectors. The German market, on the other hand, is about 20% behind.
Bookings for the summer of 2022 are at an all-time high, according to TUI data. TUI clients had booked 3.5 million trips for the summer of 2022 as of January 30, accounting for almost 72 percent of the total for the summer of 2019. However, fresh bookings have now surpassed 100% of the summer level of 2019, so the Group anticipates that summer 2022 will be similar to the season before the COVID problem.
The TUI group's revenues in the first quarter of 2022 totaled 2.37 billion euros, which was five times higher than the previous year (1st quarter 2021: 468 million euros). Seasonal losses have drastically decreased: EBIT is now -274 million euros (previous year: -676 million euros).
