TUI winter bookings at 78% of pre-pandemic levels

STORY: TUI has stuck to its forecast of returning to profitability this year.

The German holiday group said Tuesday (September 20) that winter bookings stood at 78% of pre-health crisis levels.

The group also said it expected the trend of late or last-minute bookings to continue for the winter holidays.

TUI has focused on tourism hotspots like the Canary islands, Mexico and Egypt as key travel destinations this winter.

It said it had seen a summer resurgence as holidaymakers visited European and Caribbean beaches following the health crisis.

But there are risks that pent-up demand seen during the summer will not repeat this winter.

That as households cut back on spending due to rising prices.

TUI said it would return to profit this year despite losses in the third quarter.

It said flight disruption costs remained at elevated levels, but improved through Q4.

TUI - one of the world's largest tour operators - runs airlines, hotels, cruise liners and more.