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Covid just a ‘pause button’ on travel’s growth prospects

Operators
Rob Gill
8 December 2021

The Covid-19 crisis is just a “pause button” on the long-term growth of the global travel sector, Tui Group’s boss has insisted.

The Canary Islands fear summer bookings will be lost to other destinations

Tui’s chief executive Fritz Joussen said he was expecting a “strong rebound” in leisure travel following the pandemic, with the operator’s summer 2022 bookings forecast to reach 2019 levels.

Joussen added that travel was a “mega trend”, with its growth set to be powered by “favourable” demographics, such as people becoming healthier and having extra time and money to spend on holidays.

“Covid was a pause button and now it’s been unpaused, and we go off again,” insisted Joussen, as Tui released its full-year financial results on Wednesday (8 December).