Tourism will return to pre-coronavirus pandemic levels by 2022 at the latest, and European vacations will resume in July, stated Fritz Joussen, CEO of the TUI Group.
Previously, TUI announced it was forced to cut costs to cope with the effects of the epidemic, and Joussen stated that in the future, the company will be flexible regarding asset ownership.
TUI will continue to have its own airline business, but the configuration could be different in the future, with the company analyzing whether it should own or lease aircraft, in addition to how many airlines it currently operates, explained the TUI head.
Frequently Asked Questions
When does TUI expect tourism to recover?TUI CEO Fritz Joussen estimates that tourism will return to pre-pandemic levels by 2022 at the latest.
When will European vacations resume according to TUI?European vacations are expected to resume in July, according to the TUI Group’s leadership.
What changes is TUI considering for its airline operations?TUI is evaluating its asset ownership model, specifically whether to own or lease aircraft to increase flexibility.