Holiday giant TUI has reiterated its expectations of reporting a strong summer performance for this year and has flagged a continuation of positive booking momentum into the winter season.
In its latest stock market trading update, the travel giant said it has a “strong pipeline” of 13.7 million bookings for summer 2023, which is 5% ahead of last year and close to pre-pandemic levels.
It said the positive momentum is continuing with winter 2023/’24 bookings already 15% up on a year-on-year comparison basis.
TUI Group chief executive, Sebastian Ebel, said: “We are seeing a strong close to the Summer season and we are on course to achieve results in line with expectations.”
“The positive trading momentum is continuing, and I am very optimistic for the coming Winter and Summer seasons. For Winter 2023/24, we are still at an early booking stage, but the increase of +15% in bookings compared to the previous year, is a very encouraging signal. We have a clear strategy for the coming years introducing new products, growing our customer base and developing our market share, supported by the TUI customer ecosystem. We will update the market on our latest strategic initiatives and progress made when we announce our full year results in December.”