Tui Group chief executive Sebastian Ebel said global travel demand was “robust”, but agreed there had been some reluctance to book from families earlier this year.
Ebel said the lower end of the family market was “where there could be some signs that it is more challenging”.
Destinations like Bulgaria, Tunisia and Egypt were proving cheaper alternatives to the western Mediterranean, according to Ebel, who added: “Customers who have a budget will get something, maybe a different destination but the same quality of product.”
