As Reuters reports, TUI Group (TUI.DE) is seeing the first signs of a return to profitability. This is all due to strong demand for vacation trips, which for the winter period are almost 78% in line with levels recorded before the Covid-19 pandemic. The company communicated today that it is maintaining its annual forecasts.
Nonetheless, accelerating inflation, which may discourage some consumers from spending extra, remains a threat all the time. In this case, the energy crisis in Europe is making a strong mark, as well as interest rate hikes, which strongly affect those with debt. The domestic situation is also a problem, particularly liquidity and debt.
The most popular winter destinations are expected to be the Canary Islands, Mexico, Egypt and Cape Verde.
Source: xStation 5
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