TUI Group: Greece and Spain are the most favored destinations from last-minute bookings

Greece and Spain are expected to payment importantly from “last-minute” bookings, which tourists are progressively choosing this twelvemonth successful an situation of wide uncertainty, according to the world’s largest question radical TUI Group.

The warfare successful Iran continues to substance the inclination for “last-minute” bookings. “Our results, on with the wide market, amusement a inclination towards progressively short-term bookings,” TUI Group said successful its quarterly results announcement today, noting that among consumers who accidental they volition question this summer, astir fractional person not yet made a booking. “Demand is shifting towards Spain, including the Balearic and Canary Islands, arsenic good arsenic Greece, which are expected to beryllium the astir popular tourer destinations this summer,” the radical said, besides forecasting an summation successful mean prices to partially offset rising costs. Price increases are already being seen successful TUI Group hotels and cruise ships.

Despite the antagonistic interaction of the warfare successful Iran, estimated astatine €40 million, and Hurricane “Melissa” successful Jamaica, estimated astatine €5 million, from January to March this twelvemonth the group’s revenues accrued by 1.7% astatine changeless speech rates, reaching €3.74 billion, portion operating losses of €188 cardinal were astir 9% little compared to past year.

TUI Group has, however, refrained since past period from issuing an yearly gross forecast, arsenic the situation remains unstable. Its adjusted operating nett (EBIT), excluding exceptional items, is inactive expected to stay betwixt €1.1 and €1.4 billion, successful the champion lawsuit matching past year’s €1.4 cardinal result.