TUI buoyed by resilient market
Europe’s biggest tour operator said cumulative summer bookings as at April 29 were six per cent lower, which is flat compared to the same measure a month earlier, driven by demand for holidays exclusively available through TUI.
However, the overall performance has been held back by its French market, which has seen a steep decline in holidays to North Africa, despite some return in demand for the turbulent region.
Advertisement
Hide AdAdvertisement
Hide AdTUI, which revealed an operating loss of £317m for the seasonally quieter six months to March 31, up from £307m the previous year, has held up well amid the struggles at Thomas Cook, although its rival unveiled a financing deal on Saturday that will secure its future.