TUI summer bookings add to signs travel industry is booming despite inflation

TUI chief executive Sebastian Ebel promised "new products, additional customers, and as a result, more market share and above-average growth".

Shares in London-listed TUI, which ended slightly higher in the session, have risen about 7.5% in the past month.

European travel giant TUI has said recent bookings for the upcoming summer are running ahead of pre-pandemic levels, the latest sign that the travel industry is booming despite high inflation sapping consumer spending power.

The world’s biggest tour operator said booking volumes since the start of the year exceeded 2019 levels, led by demand from travellers in Britain and Germany. Prices are also higher than pre-pandemic levels, the company said.