No “last-minute summer”: TUI boss: time for cheap flights is over

No “last-minute summer”
TUI boss: The time for cheap flights is over

Anyone who wants to book a trip at the last minute will have to dig deep into their pockets this summer, says the head of the tourism group TUI. The demand is already so high that there are almost no free beds in some holiday resorts.

The head of the tourism group TUI, Sebastian Ebel, considers the era of cheap flights to be over and has warned against high prices for spontaneous bookings in summer. In the first summer after the end of the corona pandemic, TUI recorded an exceptionally high demand, Ebel told the “Bild am Sonntag”. Greece was best booked. In some holiday resorts there are almost no more free hotel beds, said Ebel.

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In 2023 there will therefore be no “last-minute summer” like in previous years. “On the contrary: the prices will be higher rather than cheaper shortly before departure, because the hoteliers and airlines also know that a lot is still being booked at short notice,” warned Ebel, emphasizing: “Spontaneous bargains will be the absolute exception.”

In the case of air travel, there is also the reduction in capacity at the airports. The demand for holiday flights exceeds the supply. “That’s why these cheap offers with isolated exceptions for marketing campaigns will no longer exist as they used to,” said the TUI boss. During the Corona crisis, the Hanover-based company used government aid loans of around 4.3 billion euros. TUI has now repaid all state aid.

source site-32