Skip to main content

'We won't hike holiday prices' - Tui chief

Operators
Jennifer Morris
13 May 2020

Tui Group’s chief executive has dismissed suggestions of a holiday prices hike when travel is given the green light – which he expects to be July at the latest. 

Barbados's minister of tourism Lisa Cummins said the expansion "underpins Tui's confidence" in the Caribbean island

“To the contrary, prices will be reasonably stable, if not [lower],” said Fritz Joussen on a financial results call this morning. 

“It depends on demand… Everyone who wants to kick-start their business will do so with attractive offers, particularly us. 

“We want customers to come back so we will make interesting offers. 

“30% price increases do not fit into the picture I have.” 

It came as Tui reported “not so bad” bookings for summer 2020, with its programme 35% sold.