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Tui sees summer sales fall 10% due to cautious UK customers
Key takeaways
- Jemma Crew Getty Images Europe's leading travel operator Tui has seen a 10% fall in revenue from summer holiday bookings made by UK customers, who have become more cautious due to the Iran war.
- Overall, it noted a shift in demand from Eastern to Western Mediterranean destinations, with customers also booking trips closer to departure dates.
- Tui is cutting the number of seats it purchases from its airline partners by 4-5% over the summer, while maintaining its own flying programme at current levels.
Why this matters: a developing story that could shape the day's news cycle.
Jemma Crew Getty Images Europe's leading travel operator Tui has seen a 10% fall in revenue from summer holiday bookings made by UK customers, who have become more cautious due to the Iran war.
Overall, it noted a shift in demand from Eastern to Western Mediterranean destinations, with customers also booking trips closer to departure dates.
Tui is cutting the number of seats it purchases from its airline partners by 4-5% over the summer, while maintaining its own flying programme at current levels.
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