TUI sees summer travel demand to 'significantly' lift 2023 profit

The number of customers traveling with TUI in the January-March reporting period rose to 2.4 million. Pic: Peter Byrne/PA Wire

Travel firm TUI said it expects strong revenue and higher profit for the full year of 2023 on the back of strong booking momentum for the busy summer travel season.

Airlines such as Lufthansa, easyJet and Ryanair have all pointed to robust summer bookings, showing consumers prioritising travel spend despite high inflation and an uncertain economic outlook.