Arabic version: تقرير توي عن انخفاض بنسبة 10% في حجوزات عطلات الصيف من العملاء في المملكة المتحدة

Tui, Europe’s leading travel operator, has reported a 10% decline in revenue from summer holiday bookings made by UK customers. This decrease is attributed to the cautious spending habits of consumers, influenced by the Iran war.

According to BBC News, the company observed a shift in customer demand from Eastern to Western Mediterranean destinations, with many travelers opting to book trips closer to their departure dates.

In response to the declining bookings, Tui plans to reduce the number of seats it purchases from airline partners by 4-5% over the summer season while maintaining its own flight schedule. Despite this adjustment, CEO Sebastien Ebel stated that he does not anticipate jet fuel shortages in the near future.

Concerns have been raised regarding potential fuel shortages if the Strait of Hormuz, a crucial route for oil and liquefied natural gas, remains closed. This situation has already led to increased jet fuel prices, prompting some airlines to raise ticket prices or reduce capacity to attract hesitant travelers.

Tui’s financial results for the first quarter show a €40 million hit to profits due to the US-Israel war with Iran, impacting repatriation costs and lost income. The company reported an underlying loss before interest and tax of €188 million, an improvement from the previous year’s loss of €207 million. Overall, Tui experienced a 7% decline in revenue from summer bookings compared to last year.