TUI Group Turns Toward Online Bookings as It Revamps Its Business
Photo Credit: A TUI Group aircraft. The company has tried to move away from a traditional tour operator model. TUI Group
Skift Take
It turns out TUI isn't immune to the challenges the rest of the European travel market is facing.
European travel company TUI Group has spent the last few years moving away from its tour operator past and, looking at its latest set of financial results, it’s easy to see why.
The company flagged the problems in a profit warning last week, having previously appeared immune to the industrywide challenges faced by its smaller rival Thomas Cook.
Winter is traditionally a weaker period for European travel companies with most people not going on vacation until the summer, but even taking this into consideration, TUI’s quarterly performance was still bad.
The company on Tuesday blamed the knock-on impact of last summer's European heatwave to both winter and summer 2019 bookings, overca
