Lufthansa benefits: tourism industry significantly expands summer offer

The vaccination campaign, which is progressing in many countries, is giving the local travel and tourism industry a boost. Companies are still cautious about their forecasts for the summer. Nevertheless, the shares of travel companies are currently on the upswing.

Above all, the tourism group TUI is significantly expanding its travel offer for the coming summer. As the Hanoverians announced last month, the company plans to return to the Balearic Islands Ibiza Formentera from May 1st.

TUI boss: “Mallorca has shown that package tours have no influence on a pandemic”

Last but not least, the positive experience with the start of the trip to Mallorca is what drives the world’s largest tourism group forward. “The Easter holiday on Mallorca has shown that package tours have no influence on the pandemic,” said Marek Andryszak, the head of TUI Germany, explaining the expansion of the offer.

From May 5th, flights are supposed to head for the Portuguese Algarve center Fargo – in mid-May even important Greek destinations such as Crete, Rhodes, Kos, Corfu and the western Peloponnese.

With a view to the Corona situation, the Hanoverians initially had to postpone a number of trips – but in the meantime the preparations and conditions in more and more regions are so advanced that a safe holiday is possible.

The first EU countries are abolishing the quarantine requirement for holidaymakers

Another good news for the industry hardest hit by the pandemic is likely to be the lifting of vaccination prioritization in Germany, for example. As the “Handelsblatt“Reports, it is noticeably possible for those willing to travel to” use “the gradually reopening borders of many European countries and to stimulate travel.

For example, Greece and Portugal have already abolished the temporary quarantine requirement for travelers. However, requirements for unhindered entry are a negative PCR test or a full vaccination against the coronavirus.

TUI boss is optimistic after difficult times

Despite renewed setbacks from the second and third waves of the corona pandemic, TUI boss Friedrich Joussen is now optimistic. He told the dpa news agency that he saw “good signals and developments in the customers’ home and target countries”.

TUI was one of the large corporations that suffered significant sales losses due to the pandemic. These could only be overcome without major damage, among other things, by the repeated use of state aid.

Lufthansa is also benefiting from the gradual opening of borders

Also the German one Lufthansa meanwhile has positive news. As the EU Commission President Ursula von der Leyen announced in an interview with the “New York Times”, the EU does not plan to keep its borders closed to fully vaccinated Americans.

The rapidly advancing vaccination campaign of the new US President Joe Biden plans to have 70 percent of all adults in the country vaccinated by June at the latest. The increase in transatlantic air traffic that is now in sight has recently given the Lufthansa share a price increase of around 3 percent.