Tui's earnings surged by a third, reaching £1.1 billion, amidst strong holiday demand; however, growth is anticipated to decelerate as consumers become more cost-sensitive.
The company expects a slower growth rate in the upcoming financial year, with revenues projected to increase by only 5% amidst a higher inflationary backdrop.
CEO Sebastian Ebel noted a significant shift towards budget-friendly vacation spots, particularly among families, as they navigate financial pressures while still prioritizing holidays.
Despite the cost-of-living pressures, Ebel reassured that travelers will continue to invest in holiday experiences, reflecting the importance of leisure travel in their budgets.
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