Europe’s biggest travel agent said the UK is driving a summer holiday boom, with bookings up a fifth on pre-pandemic levels.

But Tui warned that demand was pushing up prices and summer breaks will be 22 per cent more expensive than two years ago.

Caribbean destinations such as St Lucia are seeing particularly strong demand. Chief executive Fritz Joussen said: ‘We expect a strong summer 2022. There is pent-up demand among customers.’

Hot tickets: Tui warned that demand was pushing up prices and summer breaks will be 22%  more expensive than two years ago

Hot tickets: Tui warned that demand was pushing up prices and summer breaks will be 22%  more expensive than two years ago

Hot tickets: Tui warned that demand was pushing up prices and summer breaks will be 22%  more expensive than two years ago

He highlighted the ‘incredibly high’ amount some households have saved through the pandemic.

Bookings by UK holidaymakers are 19 per cent higher than two years ago.

But as European countries lag behind in the travel recovery, summer bookings across the German group are at just 72 per cent of 2019 levels.

Tui said sales hit £2billion in the three months to the end of December, up from £400million a year earlier.

Its losses also narrowed to £230million from £339million a year earlier. 

The shares fell 1.8 per cent, or 4.6p, to 255.6p, despite the positive news.

#fiveDealsWidget .dealItemTitle#mobile {display:none} #fiveDealsWidget {display:block; float:left; clear:both; max-width:636px; margin:0; padding:0; line-height:120%; font-size:12px} #fiveDealsWidget div, #fiveDealsWidget a {margin:0; padding:0; line-height:120%; text-decoration: none; font-family:Arial, Helvetica ,sans-serif} #fiveDealsWidget .widgetTitleBox {display:block; float:left; width:100%; background-color:#af1e1e; } #fiveDealsWidget .widgetTitle {color:#fff; text-transform: uppercase; font-size:18px; font-weight:bold; margin:6px 10px 4px 10px; } #fiveDealsWidget a.dealItem {float:left; display:block; width:124px; margin-right:4px; margin-top:5px; background-color: #e3e3e3; min-height:200px;} #fiveDealsWidget a.dealItem#last {margin-right:0} #fiveDealsWidget .dealItemTitle {display:block; margin:10px 5px; color:#000; font-weight:bold} #fiveDealsWidget .dealItemImage, #fiveDealsWidget .dealItemImage img {float:left; display:block; margin:0; padding:0} #fiveDealsWidget .dealItemImage {border:1px solid #ccc} #fiveDealsWidget .dealItemImage img {width:100%; height:auto} #fiveDealsWidget .dealItemdesc {float:left; display:block; color:#004db3; font-weight:bold; margin:5px;} #fiveDealsWidget .dealItemRate {float:left; display:block; color:#000; margin:5px} #fiveDealsWidget .footerText a:hover{text-decoration: underline;} #fiveDealsWidget .footerSmall{font-size:10px; padding-top:10px;} @media (max-width: 635px) { #fiveDealsWidget a.dealItem {width:19%; margin-right:1%} #fiveDealsWidget a.dealItem#last {width:20%} } @media (max-width: 560px) { #fiveDealsWidget #desktop {display:none;} #fiveDealsWidget #mobile {display:block!important} #fiveDealsWidget a.dealItem {background-color: #fff; height:auto; min-height:auto} #fiveDealsWidget a.dealItem {border-bottom:1px solid #ececec; margin-bottom:5px; padding-bottom:10px} #fiveDealsWidget a.dealItem#last {border-bottom:0px solid #ececec; margin-bottom:5px; padding-bottom:0px} #fiveDealsWidget a.dealItem, #fiveDealsWidget a.dealItem#last {width:100%} #fiveDealsWidget .dealItemContent, #fiveDealsWidget .dealItemImage {float:left; display:inline-block} #fiveDealsWidget .dealItemImage {width:35%; margin-right:1%} #fiveDealsWidget .dealItemContent {width:63%} #fiveDealsWidget .dealItemTitle {margin: 0px 5px 5px; font-size:16px} #fiveDealsWidget .dealItemContent .dealItemdesc, #fiveDealsWidget .dealItemContent .dealItemRate {clear:both} }

This post first appeared on Dailymail.co.uk

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Help with the rental deposit: How these alternative companies work

While the pandemic has been tough time for many, young, single renters…

Job vacancies drop at fastest rate since 2020 putting pressure on Bank to cut rates

Job vacancies are falling at the fastest pace since the height of…

Campaigners call for ban on law that can see flat owners have their property taken from them

Campaigners are calling for an end to a process that can result…

Matalan founder John Hargreaves faces tax bill of up to £135m

The taxman has triumphed over Matalan founder John Hargreaves, who faces a…