United Kingdom
United States
Asia Pacific
TUI revenue up five-fold with strong summer bookings
TUI reported positive results for the first quarter as new bookings for the summer were close to pre-pandemic levels.
As of the end of January 2022, it said 3.5 million customers had booked a summer holiday
Revenue in Q1 2022 reached €2.37 billion, which is five times higher than in the previous year.
The seasonal loss significantly reduced to €274 million, compared with 676 million a year ago.
"We expect a strong summer 2022. The path out of the pandemic is becoming increasingly clear. Demand for travel is high across all markets," said TUI CEO Fritz Joussen.
"TUI has used the time to transform: we are leaner and more efficient today and are becoming more profitable than before the crisis."
The company says it will soon start returning about €700 million in state aid.
It says there is a ‘very strong booking dynamic’ for summer 2022.
It sees a trend towards short-term bookings but confidence is increasing and holiday bookings are picking up.
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Exploring Brooklands Museum with Alex Patterson
Global Tourism Challenges and Upcoming Events: A Conversation with Don Welsh
Peebles Barbeque: A Legacy of Flavor and Tradition
Exploring Bok Tower Gardens with Erica Smith
Rue’s Living Water Boat Cruises: Exploring Winter Haven’s Chain of Lakes
Durango and Silverton Railroad: A Timeless Journey Through History and Scenic Beauty
Walt Leger on New Orleans’ Resilience and Major Events Ahead
Cindy Mackin Shares Estes Park’s Winter Thrills
Mark Jaronski of Explore Georgia on FIFA World Cup 2026
Connecting Small Businesses to Global Tourism Markets: Nate Huff of Tourism Exchange
North Carolina’s Resilience: Wit Tuttell on Recovery and Tourism
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
Royal Caribbean issues Legionnaires’ disease warning
Qatar Airways adding Manchester flights
Jet2 unveils Samos as new Greek destination for summer 2026
EU entry-exit system delayed again
ATC strike in Greece could disrupt flights this week