BUSINESS

TUI packages jump on rising demand for Greece

Summer travel bookings and revenues at TUI’s German business are up from last year thanks especially to a jump in demand for holidays in Greece and prospects look promising in the coming months.

“Due to the good economic environment, consumers are looking to spend, benefiting especially the travel sector,” TUI Deutschland Chief Executive Christian Clemens told journalists on Tuesday.

Data showed last week that German consumer morale rose to its highest level in seven years heading into March as shoppers in Europe’s biggest economy became more upbeat about their future income.

TUI said bookings for holidays in Greece were up 28 percent from a year earlier as the tour operator added flights and hotels to its offering.

Demand for trips to Turkey, Spain and the Spanish island of Majorca has also grown compared with last year, it said a day before the start of the ITB travel fair, the world’s biggest trade fair for the travel industry, in Berlin.

[Reuters]

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