As concerns over Covid-19 wane, Europe is expected to recover 70% of pre-pandemic travel demand in 2022 Sudden surge in consumer demand coupled with staff shortages pose serious challenges for the sector going into the summer months Long-haul travel into Europe continues to lag significantly behind short- and medium-haul recovery Uncertainty brought about by worsening […]
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As announced, TUI has again repaid state aid from the Corona programme and also further reduced its credit lines. On June 30, 2022, Silent Participation II of 671 million euros was repaid in full, plus interest due, to WSF (Economic Stabilisation Fund). The repayment was made with the proceeds from the successful capital increase in […]
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A new report, produced for the World Travel Market (WTM) by ForwardKeys, reveals that in the third quarter of the year, July, August and September, global air travel is set to reach 65% of where it was before the pandemic in 2019. However, the revival is patchy, with some parts of the world doing much […]
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-Supervisory Board expresses its thanks to Fritz Joussen: He rescued TUI twice in difficult situation, made merger a success and led hotel and cruise business to current strength -New CEO takes over Group management at the beginning of the new financial year on 1 October -Mathias Kiep becomes Chief Financial Officer as of 1 October […]
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-Last Minute Summer Savings of up to 45% for Greek Isle Getaways Celestyal Cruises, the award-winning, number one choice for cruise travellers to the Greek Islands and the Eastern Mediterranean, comes to the rescue of last-minute travellers this summer with its “Biggest Ever Sale”, featuring savings of up to 45% off select 2022 sailings booked […]
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-Presiding Committee of the Supervisory Board proposes successor at the top of the Group to the TUI Supervisory Board -With CFO Sebastian Ebel, an experienced tourismmanager who was successfully responsible for the group’s growth areas before Corona is to move to the top -Mathias Kiep to succeed Sebastian Ebel as Chief Financial Officer -Dr Dieter […]
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On a mission to find out what wellness means to Brits today, TUI BLUE, TUI’s premium hotel brand, conducted research that found over half (54%) of us have actually felt worse after trying a wellness trend*. In response to the findings, TUI BLUE has partnered with beloved TV personality and advocate of holistic wellness, Davina […]
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The World Travel & Tourism Council (WTTC) today publishes ‘Critical Factors to Attract Hotel Investment’, a new report highlighting the importance of attracting capital investment to enable the Travel & Tourism sector’s full growth potential post COVID-19, following a 25% drop in 2020. The report, launched today at the Sustainability and Investment Summit taking place […]
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Travel sentiment among Europeans remains strong, with 73% planning to embark on a holiday between June and November 2022 despite various concerns, including high inflation, the Russo-Ukrainian crisis and the ongoing pandemic. Interest in visiting other European destinations (58%) has increased significantly (+7%) since last summer. Notably, 31% of respondents will head to an adjacent […]
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Europ Assistance (“EA”) today announced the international findings of their 21st edition of the Holiday Barometer. The survey was conducted by Ipsos, a global market research firm, among 15,000 people across 15 countries. It tracks global travel trends. The survey was taken between April 26 and May 16, 2022. Julia Ricks, Head of International Travel […]
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