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Tui reaps benefit of Thomas Cook demise

Operators
Gary Noakes
11 February 2020

Tui Group’s UK division has recorded “its best bookings volume month in the company’s history” after Thomas Cook’s collapse prompted an exceptional January.

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Group chief executive Fritz Joussen declined to give specific January figures, but said the group’s overall summer bookings were “now 14% up, so it must be at least 14%, at prices that are 3% higher”.

Joussen said Tui Group was now 36% sold for summer 2020, with revenue up 17%. “I can’t remember any January or start to the year when that has happened,” he said.

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