Tui Reports Slump in Profits Amid Last-Minute Holiday Bookings
Tui has reported a slump in profits, attributing the decline to the Iran war and high living costs, which are driving a trend of last-minute holiday bookings. Tourists are increasingly delaying travel plans due to various uncertainties.
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Iran war and high living costs fueling last-minute holiday bookings, Tui says
Geopolitics and cost of living crisis have cost Europe’s largest travel company €60m so far Holidaymakers are waiting until the last minute to book their trips because of the continuing uncertainty caused by the war in Iran and the cost of living crisis, according to Tui, Europe’s largest travel company, which said the war had cost it €60m (£51m) so far. In the weeks after the outbreak of war at the end of February, Tui recorded a temporary drop-off in customers wanting to travel to Cyprus or...
By Joanna Partridge
Read full article →Tui profits slump as Iran war hits holiday demand
Europe’s largest travel operator said holidaymakers are increasingly booking trips at the last minute.
By Holly Williams
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