TUI reveals Brits paid 18% more for summer holidays compared to 2019

TUI reveals British tourists paid 18% more for their summer holidays compared to 2019 – as number of bookings rise to 91% of pre-pandemic levels

  • Britons spending more on trips are helping shield Tui from cost of airport chaos
  • Tui said UK bookings reached 104 per cent this summer when compared to 2019
  • Holiday company says spending increase is set to rise to 26 per cent this winter

British tourists paid 18 per cent more for their summer holidays this year compared to pre-pandemic prices, the country’s largest holiday company has revealed. 

Holiday giant Tui also said it had seen overall bookings almost return to pre-pandemic levels with UK bookings this summer running 4 per cent higher than that of 2019.

It reported that the increased spending by customers is helping shield the company from increased costs caused by the airport chaos this summer which they say has cost them at least £66million.

The trend for spending more on holidays is related to Brits having higher budgets and taking longer trips away, the company said.

In a pre-close statement, its figures show that customers spent 18 per cent more compared to 2019 which is expected to climb to a 26 per cent increase over the winter season. 

The company also said it has seen UK bookings bounce back ‘well above’ levels seen before the pandemic struck, while overall demand across the group was 91 per cent of 2019.

British tourists paid 18 per cent more for their summer holidays this year compared to pre-pandemic prices, Tui, the country's largest holiday company has revealed in fresh data

British tourists paid 18 per cent more for their summer holidays this year compared to pre-pandemic prices, Tui, the country’s largest holiday company has revealed in fresh data

Tui reported the higher spending by customers was helping shield it from increased costs caused by the airport chaos this summer (pictured) which they say has cost them £66million

Tui reported the higher spending by customers was helping shield it from increased costs caused by the airport chaos this summer (pictured) which they say has cost them £66million

The Canaries, the Balearics, Greece and Turkey continue to be popular holiday destinations, it added. 

The company said that it expects bookings to be close to pre-pandemic levels this winter. 

The company’s bookings have rebounded to 81 per cent of pre-Covid levels for November and December.

The Anglo-German group said while there remained some issues at airports, these had improved throughout the three months to the end of September.

It revealed last month that the airport disruption, which led to widespread flight cancellations and lengthy delays across the industry, had cost it 75 million euros (£66 million) in the three months to the end of June.

Tui did not give a figure for the hit in its final quarter, except to say that ‘flight disruption costs remain at elevated levels but continued to improve through the fourth quarter’.

MANCHESTER: Massive queues form in Manchester's Terminal 2 in July this summer

MANCHESTER: Massive queues form in Manchester’s Terminal 2 in July this summer

The firm also added that its markets and airlines arm remained ‘significantly profitable’ despite the airport woes.

It stuck by its guidance for the group to return to underlying profit over the full year, with winter bookings at 78 per cent of pre-pandemic levels.

But the company warned: ‘The greatest area of uncertainty will be the impact on consumer confidence, should travel restrictions be reintroduced, should there be further cost inflation volatility and/or an escalation of the war in Ukraine.’ 

Tui said the trend for holidaymakers to spend more on their holidays should help shield it from the current cost hikes.

Chief executive Fritz Joussen and chief financial officer and incoming boss Sebastian Ebel said: ‘The trend has been towards higher value or longer holidays with a higher overall holiday budget.

‘This is encouraging and shows the current importance of holidays and travel experiences in the post-Corona era.’

HEATHROW: Passengers pictured queuing at Heathrow airport at the height of summer chaos

HEATHROW: Passengers pictured queuing at Heathrow airport at the height of summer chaos

It said: ‘We are pleased to see flight disruption, predominately experienced in the UK throughout May and June, improve through the fourth quarter, although still at elevated levels.’

Airports such as Heathrow and Gatwick told airlines to cut their flight schedules following scenes of chaos as staff shortages left them struggling to cope with the sudden ramping up of demand for overseas holidays.

Holidaymakers suffered flight delays and cancellations along with lengthy queues as airports struggled with baggage handling, air traffic control and security.

Tui said last month it would be seeking compensation from airports for the disruption and cost hit.

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