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Tui boss predicts price increase next summer after Brexit vote

Operators
Jennifer Morris
11 August 2016

Prices for holidays next summer are likely to increase following the weakening of the pound, according to Tui Group’s boss.

‘Consumer paradise’

Chief executive Fritz Joussen said for UK travellers heading to Europe the weaker pound means prices will go up, but insisted demand from British holidaymakers had not been hit by the decision to leave the EU.

Since the vote in June the pound has weakened against the euro by around 10%.

"Despite the weaker pound, the desire of Brits to go on holiday has not been affected," said Joussen.

"There’s been a very strong performance from the UK, bookings have risen very strongly."