Holiday group TUI , said on Tuesday it was seeing a positive travel recovery trend for the upcoming summer season as holidaymakers make plans to enjoy their breaks following a pandemic hiatus.
"Our strategy is clear: quality, cost discipline and market share. New products, additional customers, and as a result, more market share and above-average growth are the basis for future increases in revenue and earnings," TUI Chief Executive Officer Sebastian Ebel said.
Price increases in the tourism sector remained lower than inflationary cost hikes, allowing for continued optimism, Ebel said, adding that the earthquake in Turkey had also caused a slight slowdown in bookings to that country.
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