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
28/03 18:41
Attica Region to channel 640 bln euros to services of vulnerable and disadvantaged groups
28/03 17:32
Greece to auction three-month T-bills on April 3, 2024 in a book entry form
28/03 15:46
Greece's Meteora Pyli Geopark added to UNESCO Global Geoparks network
28/03 14:44
IPTO announces framework agreement tender for undersea power cables in Greece
28/03 11:49
IOBE: Construction sector in Greece records robust growth and good prospects
26/03 23:51
St. Thomas Hellenic School honors 1821 and the Feast of the Annunciation in NJ
26/03 21:59
PM at Economic Club of Canada: Greece is an attractive investment destination
26/03 17:56
Greek State budget primary balance reaches a surplus of 3,378 million euros
26/03 11:45
Ancient Messene to get upgraded visitors' facilities after approval by Council
23/03 17:43
New requirements for 'Golden Visa' program to kick in on March 31
23/03 16:49
Athenians continue to head out of the Greek Capital for March 25 long weekend
23/03 16:47
Greek Parliament lights to be turned off for Earth Hour 8:30-9:30 pm
22/03 21:54
US President on Greek Independence Day: Alliance with Greece stronger than ever
22/03 19:51
High diplomacy and geopolitics at Delphi Economic Forum IX in Greece
22/03 19:32
Tax authorities enable payments with foreign bank cards in Greece
22/03 14:19
22/03 00:24
Greece ranks first on list of countries with fastest business environment progress
22/03 00:02
Hellenic Police acquires first electric VAN-type highway patrol vehicle
21/03 22:41
21/03 15:33
Unseen Museum presents "The stele of the twin babies" exhibition in Athens
20/03 22:48
Health Minister: 95% of Greek hospitals to perform afternoon surgeries
20/03 21:52
Greek Deputy Minister of Justice meets delegation from US Embassy in Athens
20/03 21:44
Greek Interior Minister to visit United States and Canada on postal vote
20/03 20:55
Philadelphia Icarians mark 85th Anniversary and organize Apokriatiko Dance
20/03 18:01
Development Minister: We continue the battle against high prices in Greece
19/03 22:28
President of the Hellenic Republic meets her Ethiopian counterpart in Athens
19/03 20:57
19/03 20:25
FinMIn: Moody’s analysis records significant progress in the Greek economy
19/03 11:15
Sector chiefs report: Good news for Greek tourism in 2024 at ITB Berlin
18/03 22:20
American Hellenic Educational Progressive Association honors Past Supreme President
16/03 13:01
Greek Deputy Foreign Μinister meets her Slovenian counterpart in Athens
16/03 12:56
Greek-Canadian Diaspora to welcome Greek Prime Minister to Toronto
16/03 11:28
Greek Migration Minister visits refugee hosting facilities in Kavala, Drama and Serres
15/03 21:50
Greek Minister announces conference on defence ecosystem in Athens from Lithuania
15/03 13:45
PM: More than 80 hospitals and 156 health centres being upgraded in Greece
15/03 12:55
Piraeus Port and Genoa Chambers of Commerce ink memorandum of cooperation
14/03 23:43
President of Hellenic Republic meets Prime Minister of Slovakia in Bratislava
14/03 22:58
American Express report highlights Global Travel Trends during 2024
14/03 22:52
Four hospitals in Attica Region already organizing afternoon surgical procedures
14/03 22:49
US Ambassador to Athens: More flights from the United States to Greece and Thessaloniki
14/03 22:43
Greek archaeologists discover ten ancient shipwrecks off Aegean island of Kasos
14/03 19:32
No new intubations for Covid-19 recorded in Greece for the first time
14/03 18:36
Extra road safety measures adopted for Greek pre-lent carnival and Clean Monday
14/03 14:48
14/03 12:54
Electric buses to be deployed on the streets of Athens and Thessaloniki by May
13/03 22:23
13/03 20:11
Prices of basic lenten products either lower or equal to last year's in Greece
13/03 19:15
US Ambassador to Athens: Greece secures NATO readiness via Alexandroupolis
13/03 17:19
13/03 12:26
Greece shows new costumes for revamped Olympic Flame-lighting ceremony
12/03 22:46
Epirotes Society of Philadelphia ‘Omonia’ organized 16th Annual ‘Tsipourovradia’
12/03 21:38
The President of the Hellenic Republic to visit Slovakia on March 13-15
12/03 20:29
First afternoon surgeries in Greece kick off at Papageorgiou Hospital in Thessaloniki
11/03 23:58
Greek Foreign Minister: We stand behind Montenegro's European perspective
11/03 23:47
Visa Express for Turkish citizens to commence on five Greek islands in March
11/03 19:40
11/03 18:49
Microsoft Data Center construction kicks off in Spata next to Athens Airport
11/03 17:53
Dodecanese Federation marked 76th Anniversary of Unification with Greece
09/03 22:23
08/03 14:27
Prime Minister: Radical change in Greek education and a brave reform for growth
08/03 14:24
Traffic restrictions expected in Athens mid-morning to evening on Friday due to protests
08/03 14:24
Applications to out-of-court settlement more than doubled in Greece in February
08/03 13:18
Metro station 'Maniatika' near Piraeus Port to be closed on Saturday and Sunday
07/03 14:12
Athens wins World Travel Award 2024 as the top city-break destination in Europe
06/03 22:51
WTTC data show Greece and Portugal lead league for growth in tourist arrivals
06/03 20:28
Greek Tourism Minister at ITB: 2024 will be another excellent year for sector
06/03 19:47
Greek Foreign Minister to meet UAE Minister of Industry and Technology on Friday
06/03 18:43
European Union actions of 274m euros to support cultural heritage in Greece
06/03 16:37
'Odontotos' rack railway temporarily stopped until landslides issue is resolved
06/03 14:40
Minister: Bringing about the return of Greeks abroad 'a moral duty'
05/03 14:28
Archdiocese of America Eparchial Synod to meet on March 14-17 in Florida
05/03 14:21
05/03 14:11
ITB BERLIN 2024 opens with excellent bookings after global rise in travel in 2023
05/03 12:24
Greek PM at Athens supermarket: Consumers 'can already see lower prices on the shelf'
04/03 22:02
Greek Health Minister: Afternoon surgeries at state hospitals to begin shortly
04/03 21:47
Holy Cross Greek Orthodox Whitestone Community marks 49th Anniversary
04/03 20:27
Labor chief: Greece to train 500,000 workers in digital, green skills by 2025
04/03 19:44
Foreign Ministry to organize event on 'Women, Peace, and Security' on Friday
04/03 15:12
Athens Riviera | The summer experience with Athens as a background
29/02 22:54
Consumers to see price cuts up to 18.1% in 3,000 Greek supermarket products as of Friday
29/02 21:44
Greece and Germany set up Working Group on shipping cooperation
29/02 21:30
Wyndham Rewards’ Member Month offers 5 weeks of deals, discounts, and bonus points
29/02 21:03
Temple of Poseidon at Sounion near Athens to get new lighting system
29/02 21:02
29/02 20:47
Greece is represented by 60 firms at GULFOOD 2024 exhibition
29/02 19:58
Greek government gives 1+1 month extension for cash register-integrated POS terminals
29/02 19:49
Archangel Michael Church Dance Program shines at Folk Dance Festival in SF
29/02 15:39
'Renovate-rent' programme to be launched, Minister tells Greek Parliament
29/02 12:39
Rio-Antirrio ferry line in central Greece closed due to strong winds
28/02 21:34
Weather with heavy rain and storms in Greece as of Sunday night
28/02 17:31
CEO: The goal is for PPC to become a leading player in Southeast Europe
28/02 17:04
New Wyndham Hotels Market Managing Director of Central and Eastern Europe
28/02 12:21
Minister: Transactions with the Greek State will be further simplified in 2024
28/02 11:57
27/02 17:25
UN Tourism hails Saudi Arabia's historic milestone of 100 million tourists
27/02 15:00
Greek Prime Minister: Relations with Armenia can become even more productive
27/02 14:26
Wyndham: New growth cycle in Greece for the largest hotel chain franchise in the world
27/02 13:15
Price cuts of up to 15% in important product categories in Greece after March 1
27/02 12:46
Athens taxi drivers' protest rally in progress from Athinon avenue to Messogion
26/02 18:30
Annual Summit of Women Political Leaders (WPL) to be held in Athens in April
Attica Region to channel 640 bln euros to services of vulnerable and disadvantaged groups
Greece to auction three-month T-bills on April 3, 2024 in a book entry form
IPTO announces framework agreement tender for undersea power cables in Greece
Ancient Messene to get upgraded visitors' facilities after approval by Council
IOBE: Construction sector in Greece records robust growth and good prospects
Greece's Meteora Pyli Geopark added to UNESCO Global Geoparks network
PM at Economic Club of Canada: Greece is an attractive investment destination
New requirements for 'Golden Visa' program to kick in on March 31
Greek State budget primary balance reaches a surplus of 3,378 million euros
St. Thomas Hellenic School honors 1821 and the Feast of the Annunciation in NJ
AEGEAN concludes transfer of stake in Animawings to Memento Group
EXPOTROF-The Greek Fine Food Exhibition opens near Athens on Saturday
Parnithos Avenue closed down to traffic from the cable car area due to snow
Price cuts of up to 15% in important product categories in Greece after March 1
Greek supermarkets record rise in value and decline in volume of FMCG sales
Greek Tourism Minister in Belgrade for International Exhibition
Greek Deputy Transport Minister flies in first test seaplane flight from Lavrio port
Deputy Foreign Minister for Economic Diplomacy on business missions agenda
EU forecasts Greece 2024 growth at 2.3%, Eurozone’s fourth-highest rate
Weather with heavy rain and storms in Greece as of Sunday night
Athens streets reopen after private university protest rally and minor incidents
Greek Prime Minister on official visit to India as of Wednesday
Greek Prime Minister to meet Bulgarian counterpart at Maximos Mansion