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Tui expects to retain strong UK high street presence

Operators
Jennifer Morris
13 December 2018

Tui Group’s chief executive expects the company to retain a strong presence in UK high streets in the next five years – citing reduced rents as a positive factor.

Tui Brighton.jpg

In its full-year results announcement this morning the group emphasised its plans to “transform Tui into a digital and platform organisation”.

Asked by TTG what the impact of this might be on Tui’s retail network in the UK, Fritz Joussen said: “It will impact it. As you know the traditional way of doing business was independent retail.

“You’ll see a move from indirect to direct.

“On top of that, for the first time we have started to see mobile sales now taking place.

“Last year we had on average 1% sales on the mobile app. For a complex product that’s already something and we see a very strong growth in mobile app sales.