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Tui reports 'unabatedly high' demand and 'positive' cash flow

City and finance
Tom Parry
12 August 2021

Tui Group has resumed operations in all of its European markets, reporting demand remaining “unabatedly high” after taking around 1.5 million bookings since its half-year results in May. 

‘Consumer paradise’

The group said summer 2021 demand was at “an unbroken level” at around 4.2 million bookings – with 52% of customers choosing to book online.

Average prices were 9% higher than for summer 2019 due to a high proportion of package holidays sales, while capacity for Tui’s programme had been adjusted to 60% of 2019’s summer season.

Besides the Balearic islands, the Greek islands – in particular Crete and Rhodes – were among its most popular destinations. 

The group reported achieving “positive cash flow” for the first time since the start of the pandemic of around €320m aided via an “efficiency programme” and “strict cost discipline".