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The world’s biggest tour operator Tui said it expects travel to bounce back to pre-crisis levels next summer, as it posted a full-year loss of €2.4bn. However it said it was close to breaking even in the fourth quarter, and that it was almost fully booked for the winter quarter.
Tui chief executive Fritz Joussen said:
It is still too early to make a real forecast for the 2022 summer season. But we are optimistic that tourism will be able to recover to 2019 levels next summer. We want to, we can and we will find our way back to economic strength.
The programme of the first financial quarter of 2022 is already almost fully sold. This means that we are currently achieving 69% of the pre-crisis level. We expect summer 2022 to reach a largely normalised booking level.