Tui shares plunge after slow rise in summer holiday bookings The boss of TUI said customers are booking holidays ‘even in times of change and economic risks’ – but shares slid after it cautioned of slowing growth.
Tui boss Boss Sebastian Ebel (pictured) said people were still prioritising their holidays even in times of change and economic risks.
Julie Palmer, a partner at business recovery specialist Begbies Traynor, said: ‘It is encouraging to see that cash-conscious customers are still willing to shell out for Tui’s budget-friendly holidays, even as the operator nudges up prices.’.
While winter destinations including the Canary Islands and Egypt remain popular, along with summer spots including Spain, Greece and Turkey, the more subdued outlook sent shares down 10 per cent in Frankfurt.
Chief executive Sebastian Ebel said: ‘People prioritise their holidays even in times of change and economic risks.
