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Home Business NewsBusinessAviation News Tui expecting to take a £22 million hit from the wildfires in Rhodes

Tui expecting to take a £22 million hit from the wildfires in Rhodes

by LLB staff reporter
19th Sep 23 11:14 am

Demand for travel has bounced back and Tui said that summer bookings have soared close to what was seen before the pandemic.

However, Tui revealed that growth was held back by the horrific wildfires in Rhodes otherwise they “would have performed ahead of expectations.”

Tui reported a 5% rise in bookings this summer that hit 13.7 million and had an extra 1.1 million in extra bookings since their last update in early August. The group are expecting to take a £22 million hit from the wildfires in Rhodes.

Tui chief executive Sebastian Ebel said: “We are seeing a strong close to the summer season and we are on course to achieve results in line with expectations.

“This is particularly evident in our main markets – Germany, where bookings year-on-year are 10% higher, and UK, where bookings are in line with an already strong prior year summer season and 4% ahead of pre-pandemic levels.

“Indeed, had it not been for the various events during the last few months which were outside of our control, not least the wildfires on Rhodes, we would have performed ahead of expectations.”

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