Tui Group chief executive Sebastien Ebel on Wednesday (11 December) said that while inflationary pressures had eased, there was a portion of the market still looking for value.
At the same time, destinations – particularly parts of Spain – are reaching capacity and are therefore proving expensive.
Ebel said the four- and five-star customer segment was buoyant. “On the other hand, we see quite often new customers who have a £800-£1,000 budget per vacation – if they don’t see it in Spain, they look for alternatives."
