TUI: Group-wide bookings for summer 2021 remain at encouraging level of 2.8 million

TUI has published trends in current bookings for summer 2021 as part of its Annual General Meeting. Progressing vaccination campaigns, increased availability of rapid and self-tests in the markets, and the planned opening strategies of some European governments show a positive effect on the booking behavior of TUI customers. In particular, in the German and UK markets, holidaymakers are expected to show considerable pent-up demand. Increasing interest in holidays in the summer season is evident across all distribution channels. Customer demand is there, people want to travel. The TUI brand stands for safe and responsible holidays. Progress in combating the pandemic is crucial. But there is reason to look ahead very optimistically: Unlike in the summer of 2020, vaccines from various manufacturers will be available in the summer of 2021, vaccinations have begun and travelers will be able to use rapid and self-tests. This is significant progress and is encouraging for everyday life and living in the European markets and for people and businesses in the destinations.
In Germany, TUI supports the initiative of the airlines and the German government to test all travelers at their holiday destination during the Easter holidays before flying back to Germany. In addition, special arrangements are made for Easter travel. Testing and vaccination are important to get out of the pandemic and allow families to have a normal summer of travel when holidaying “at home” as well as when traveling to the Mediterranean. TUI also appeals to guests to observe the applicable distance and hygiene rules at home, also during the journey, on the flight as well as the destination. All current holiday offers are geared towards relaxation, beach walks, and the conscious experience of nature. TUI's safety and hygiene programs at the holiday destination are of the same high standard as the measures taken by governments in the European source markets.
Summer 2021: 2.8 million bookings – capacity in peak season from July 2021 at 75 percent
Overall, TUI Group-wide bookings for Summer 2021, including rebookings and voucher redemptions, remain unchanged at an encouraging level of 2.8 million guests – albeit 60 percent below the comparable level for Summer 2019. Overall capacity for the peak summer travel months from July 2021 has been adjusted to 75 percent (previously: 80 percent) compared to 2019. The flexible business model allows for demand-driven capacity management and for the peak summer travel season we are aiming for good load factors and improved margins again. The Group remains flexible to increase capacity again in the short term as further progress is made on pandemic response and vaccination campaigns, travel restrictions are lifted and customer demand increases. The goal remains safe and responsible holidays with very high standards of hygiene during travel.
Pandemic management and containment remain at the forefront of policy decisions. This governmental framework also dictates to what extent and at what time business becomes possible. Since February, TUI recorded a total of around 180,000 new customer bookings for the key holiday months in the fourth business quarter (July, August, September). In addition, many guests from the UK who had planned a holiday before 17 May 2021 and are affected by the adjusted program have rebooked for a later travel date in 2021. For example, bookings for October 2021 are up 12 percent at TUI UK. We continue to see strong pent-up demand and the desire for travel is evident in the UK with bookings for next summer 2022 now around 120 percent higher compared to summer 2021 bookings. Bookings for May 2022 in particular are recording an increase of more than 150 percent compared to bookings for May 2021.
Liquidity still secured
In January, TUI successfully completed its third financing package including a capital increase. Against the background of a continuing pandemic, sufficient liquidity was thus secured until the summer. With parts of the cash inflows from the capital increase, the outstanding 300 million euro senior bond was redeemed early in February. This extended the maturities of the existing government loans until summer 2022. As of 22 March 2021, TUI had cash and available facilities of 1.6 billion euros.
RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations, Greek travel market, Greek tourism statistics, Greek tourism report
Photo Source: pixabay.com
12/08 15:08
AP report: CDC drops quarantine and distancing recommendations for COVID-19
12/08 15:06
US Ambassador to Athens meets with Greek Health Ministry leadership
12/08 15:06
US Ambassador to Athens meets with Greek Health Ministry leadership
12/08 15:01
12/08 14:53
Greek museums to organize free concerts and tours on Friday August 12 marking full moon
09/08 21:16
IATA launches AVSEC Insight Platform to assist managing business security risks
09/08 21:04
Dominican Republic among UNWTO members recording strong tourism rebound
09/08 21:00
Greek Culture Ministry's project for the protection of the medieval city of Rhodes
09/08 18:08
Greece records 100,421 new Covid-19 cases and 314 fatalities for August 1-7
09/08 16:12
Archbishop of America: Greek-Americans to fund reconstruction of Balikli hospital
08/08 14:12
Greek Tourism Minister: This year sector proved that is Greece's heavy industry
07/08 13:57
28 lighthouses to open for the public in Greece on August 21
04/08 14:16
Protection and recording of rare biodiversity of 20 archaeological sites in Greece
03/08 23:18
Restoration works to historic Syntagma square of Athens almost completed
03/08 23:10
Greek Tourism Minister meets Ambassadors of Sweden and Norway
03/08 19:13
Greek Prime Minister says record tourism money can’t buffer country’s economic slide
03/08 14:07
Samos Young Artists Festival at Pythagorio Ancient Theatre on August 7-13
03/08 13:21
Greece offers Saudi Prince royal treatment: 350 limos and Athens Acropolis tour
02/08 23:26
Greece records 122,230 new Covid-19 cases and 355 fatalities on July 25-31
02/08 09:50
British Museum offers only to loan Athens Parthenon marbles to Greece
02/08 09:37
UNWTO: Global tourism consolidates strong recovery amidst growing challenges
02/08 09:29
Culture Minister: At least 16,000 people visit Athens Acropolis daily this summer
01/08 20:54
Medical Tourism: Personal Doctor platform opens in Greece on Monday
01/08 09:47
Undated wreck of exploded ship found off Kythnos island in Greece
29/07 14:02
Spain imposes minimum spending for Non-European Union tourists
29/07 00:38
Greek government announces subsidy programme for purchase of e-vehicles
28/07 23:32
Media: Electric aircraft to revolutionize travel and protect ecosystem in Greece (video)
28/07 19:23
Impressive copy of Aphrodite of Milos statue revealed on the Greek Island
28/07 18:40
Greek island of Corfu hosts Prince Edward and British royals
28/07 17:20
German Foreign Minister: Greece one of our closest partners in Europe
28/07 12:28
7th International Documentary Film Festival 2022 'Beyond Borders' on Castellorizo island
28/07 11:49
10th consequent Tripadvisor Travelers’ Choice Award for Athens Walking Tours
28/07 00:46
UNWTO sets out shared goals and opportunities for sector in Paraguay
28/07 00:26
IATA: States progress towards long term aspirational goal on aviation emissions
28/07 00:15
Sinking averted: Grounded luxury yacht safely anchored in Greek island of Mykonos (videos)
28/07 00:13
Greece and Saudi Arabia ink 16 business deals in Athens on Wednesday
28/07 00:02
Bank of Greece: Higher tourism receipts in 2022 to lead to improved economic growth
27/07 23:48
Travel Market Report: Why shoulder season is the next big tourist trend
27/07 14:20
Fewer asylum seekers but more refugee arrivals up in Greece during June 2022
27/07 00:08
26/07 17:18
Greece records 136,077 new Covid-19 cases and for July 18-24
26/07 15:23
Signing of business deals between Greek and Saudi companies on Wednesday
25/07 21:15
Special climate envoy addresses meeting on 'Our Ocean - Greece 2024' in Athens
25/07 17:08
Athens metro stations to close on selected dates this summer
25/07 15:50
Authentic Marathon Swim | Swimmers from 14 countries supported North Evia
25/07 14:23
Wildfires contained on the Greek island of Lesvos and Ilia prefecture
23/07 00:43
International Air Transport Association issues statement on Dublin Airport charges
23/07 00:09
'Saristra' festival returns to the Greek island of Kefalonia on July 29-31
22/07 21:58
Four-month-old roe deer, named 'Emilios' rescued in Xanthi of Northern Greece
22/07 19:53
Media: Furor in Greece over plan invading protected environmental Natura sites
22/07 15:49
22/07 15:06
Greece's Thessaloniki Urban Transport staff continue mobilisations during August
21/07 21:53
21/07 20:50
21/07 19:40
Media report: Greece rakes in tax and tourist receipts but won’t cut food tax
21/07 18:33
Minister: Duration of Greek passports doubled from five years to ten
21/07 17:44
Greek government adopts 12 measures for fire-stricken households and firms
20/07 23:11
Cyprus Agriculture Minister welcomes win-win deal on halloumi cheese
20/07 19:26
European Union sanctions against Russia push Greece’s fur business toward end
20/07 19:22
AP: Fire subsides in Penteli but reaches people’s yards in Megara of Greece (video)
20/07 17:22
Molecular tests against COVID-19 to record possible mutation at five Greek airports
20/07 14:07
Bus routes changed due to destructive fires in Attica Region
20/07 10:34
Sick air traffic controller draws attention to shortages at smaller airports in Greece
19/07 21:02
Dozens of international celebrities choose Greece again for vacations this year (video)
19/07 19:22
Medical Tourism: Greek parliament approves assistive reproduction bill
19/07 18:21
Greece records 148,435 new Covid-19 cases between July 11-17
19/07 18:13
Organic olives and olive oil from Sparta in Greece studied by American universities
19/07 16:17
US Ambassador to Athens visits Greek village of Diplatanos Thermou
18/07 09:39
Very high risk of fire again on Monday in five Greek regions including Attica
17/07 21:48
Prime Minister: Greece and France stand united against global climate crisis
16/07 13:25
Government: Greece in 12 countries worldwide with full legal equality of women and men
16/07 13:01
IATA: Canadian government urgently needs to remove COVID-19 travel restrictions
16/07 11:34
Greek FinMin pressures banks and servicers for more private debt settlement deals
16/07 10:21
Tourist swept out to sea in Northern Greece saved by holding beachball
15/07 22:35
Village of Melabes in Rethimno of Greece evacuated as widlfire approaches
15/07 21:35
Tourism statistics inform United Nations reports on sustainable development
14/07 23:20
IATA: Premature return to pre-pandemic slot rules risks prolonged disruption
14/07 21:42
"Wolf of Wall Street" Jordan Belfort parties in Greek island of Mykonos
14/07 14:14
14/07 00:12
Thousands of olive trees donated to restore groves of Ancient Olympia in Greece
13/07 20:14
13/07 20:05
Young tourists surprised to meet Greek Prime Minister at Athens International Airport
13/07 16:51
High risk of fire forecast in five Greek regions on Thursday
13/07 14:30
13/07 11:43
OAG survey: U.S. travel demand remains strong for 2022 despite inflation
13/07 09:55
Greek Minister discusses natural gas contingency plan with US Ambassador
12/07 22:37
12/07 21:50
Greece records 13,623 new Covid-19 cases per 1 million people in July 4-10
12/07 21:00
Greek parliament approves amendment to cap profit margins in home appliances
12/07 00:20
UNWTO: Advancing safe mobility for stronger travel sector recovery
11/07 21:32
American ethnomusicologist Christopher C. King receives honorary Greek citizenship
11/07 21:15
11/07 15:19
The first Japanese park of the Greek capital of Athens opens its gates
10/07 21:28
Chinese head of OLP: Piraeus port a significant international hub in all areas of activities
10/07 19:35
Greece records 13,306 new Covid-19 cases and 28 fatalities on Sunday
10/07 18:32
Media report: “Most contagious” COVID-19 wave sweeping across Greece
10/07 16:23
AP report: On Greece’s Santorini, 13 cloistered nuns pray for Mankind
10/07 14:18
08/07 22:53
08/07 22:42
UNWTO chief: Young people must be active participants in tourism sector restart
Greek museums to organize free concerts and tours on Friday August 12 marking full moon
US Ambassador to Athens meets with Greek Health Ministry leadership
Greece records 100,421 new Covid-19 cases and 314 fatalities for August 1-7
IATA launches AVSEC Insight Platform to assist managing business security risks
US Ambassador to Athens meets with Greek Health Ministry leadership
AP report: CDC drops quarantine and distancing recommendations for COVID-19
Greek Culture Ministry's project for the protection of the medieval city of Rhodes
Dominican Republic among UNWTO members recording strong tourism rebound
Archbishop of America: Greek-Americans to fund reconstruction of Balikli hospital
Update on proposed recapitalisation plan for Thomas Cook at £ 900 million
Applications now available for FAITH Executive Education Program in US
Greek President: Alexandria's new library to contribute to world culture
US Ambassador in Athens and Greek Deputy FM discuss deepening ties
Bodies of scuba divers missing in Greek island of Karpathos found
AP report: Pilots Union announces dates for British Airways strikes
Greek government: Higher collection rate for property tax offsets revenue loss
Power supply restored on Greek island of Poros after helicopter accident
Visit spectacular Calypso canyon in Thessaly Region of Greece
Greece's Paros to become first plastic waste-free island in Mediterranean
Health Tourism: Greek state hospitals' expenditures up in 2018
First submerged high-voltage cable to boost Green Energy use in Greece