TUI.L - TUI AG
| Previous close | 388.40 |
| Open | 395.40 |
| Bid | 394.80 x 0 |
| Ask | 395.60 x 0 |
| Day's range | 388.00 - 402.90 |
| 52-week range | 218.00 - 1,090.00 |
| Volume | 1,384,567 |
| Avg. volume | 5,006,466 |
| Market cap | 2.331B |
| Beta (5Y monthly) | 1.56 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | 145.10 |
| Earnings date | N/A |
| Forward dividend & yield | 0.45 (16.85%) |
| Ex-dividend date | 12 Feb 2020 |
| 1y target est | 15.65 |
- Skift
Is the Packaged Holiday Poised to Make a Comeback in Post-Crisis Europe?
Safety may not be sexy. But as a core brand value, it's a pretty useful association to have when travelers are trepidatiously deciding whether or not it's safe to go on holiday again. That was the assessment of TUI Group's Chief Marketing Officer Erik Friemuth in conversation with Skift's Corporate Travel Editor Matthew Parsons on […]
- Yahoo Finance UK
Coronavirus: Holiday bookings surge as travel rules are relaxed
Holiday companies have seen bookings 'explode' as COVID-19 travel restrictions are set to be relaxed next week.
- Fool.co.uk
Could TUI and easyJet shares be bargains of the year?
easyJet shares are up by 90% from their 52-week low. TUI shares aren't far behind. But these travel stocks could still offer value, says Roland Head.The post Could TUI and easyJet shares be bargains of the year? appeared first on The Motley Fool UK.
- Fool.co.uk
Both the Carnival share price and the TUI share price are on a tear! Here’s what I’m doing now
The Carnival share price and the TUI share price have shown impressive increases in the past weeks. But are they good long-term investments?The post Both the Carnival share price and the TUI share price are on a tear! Here's what I'm doing now appeared first on The Motley Fool UK.
- Fool.co.uk
Could the dirt-cheap TUI shares help you get rich and retire early?
The TUI shares are ridiculously cheap, no doubt. But are they a bargain or a value trap? Anna Sokolidou tries to find out.The post Could the dirt-cheap TUI shares help you get rich and retire early? appeared first on The Motley Fool UK.
- Fool.co.uk
IAG share price vs TUI share price. Grounded, or awaiting take-off?
The International Consolidated Airline Group (LSE: IAG) share price and the TUI (LSE: TUI) share price took off recently. But are they good investments?The post IAG share price vs TUI share price. Grounded, or awaiting take-off? appeared first on The Motley Fool UK.
- Reuters
TUI strikes compensation deal with Boeing, delays 737 MAX deliveries
Europe's biggest travel company, TUI Group, said it has struck a deal with Boeing for compensation and deferred deliveries of the grounded 737 MAX jet, boosting its finances as it seeks to survive the coronavirus pandemic. Shares in TUI rose 7% on news of the deal. The company's London-listed shares have halved in value since the beginning of the year, after TUI was hammered by the coronavirus outbreak which halted its activities in March.
- Yahoo Finance UK
Lufthansa bailout and easing travel bans give airline stocks a boost
Berlin's €9bn bailout for German flag carrier Lufthansa still needs EU approval.
- Yahoo Finance UK
Coronavirus: Tour operator Tui considers issuing new shares
Tour operator Tui is considering a issuing new shares to create a cash injection and stave off collapse if customers are slow to rebook holidays as lockdown eases.
- Reuters - UK Focus
Good clean fun? Holidays reinvented for the coronavirus age
No more feasting from the hotel buffet, showing off your tan under the disco lights or impromptu dips in the swimming pool – holidaying during the coronavirus pandemic will be a more sanitised affair. As part of the hygiene ramp-up the world's biggest tourism company said holidaymakers will no longer be able to pile their plates full of food from the buffet as it was scrapping self-service restaurants, night clubs and saunas. At TUI hotels, of which there are 411, there will be more deep cleaning and hand-santiser points.
- Reuters - UK Focus
LIVE MARKETS-EZ industrial production: Long way back to 2017 highs
* EZ industry output suffers record fall in March Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters. You can share your thoughts Joice Alves (joice.alves@thomsonreuters.com) and Julien Ponthus (julien.ponthus@thomsonreuters.com) in London and Stefano Rebaudo (stefano.rebaudo@thomsonreuters.com) in Milan. The pandemic came as a huge blow to EZ manufacturers, with industry output suffering its deepest monthly fall on record.
- Reuters - UK Focus
LIVE MARKETS-When will a vaccine be ready? Here's a guess!
* EZ industry output suffers record fall in March Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters. You can share your thoughts Joice Alves (joice.alves@thomsonreuters.com) and Julien Ponthus (julien.ponthus@thomsonreuters.com) in London and Stefano Rebaudo (stefano.rebaudo@thomsonreuters.com) in Milan. A limited number of vaccine doses could be available before year end, says the European pharma team at Credit Suisse.
- Yahoo Finance UK
What to Watch: Aston Martin losses deepen, GDP slump, TUI job cuts
A daily overview of the top business, market, and economic stories to watch in the UK, Europe, and abroad.
- Reuters - UK Focus
MORNING BID-Grand failures
The views expressed are her own.) "You will get business failures on a grand scale," was the warning last night from St Louis Federal Reserve President James Bullard. Expect his boss, Fed Chairman Jerome Powell, to repeat that message tonight. Fed funds futures are pricing in rates of about a basis point below zero by April 2021.
- Reuters - UK Focus
LIVE MARKETS-Opening snapshot: Risk-off mood hits banks, Vodafone up
You can share your thoughts Joice Alves (joice.alves@thomsonreuters.com) and Julien Ponthus (julien.ponthus@thomsonreuters.com) in London and Stefano Rebaudo (stefano.rebaudo@thomsonreuters.com) in Milan. Risk-off mood gripped the financial markets on fresh fears about a second wave of the coronavirus outbreak, while the gradual easing in lockdowns is under way. While utilities, retail and telcos are standing their ground even if in negative territory.
- Yahoo Finance UK
Coronavirus: TUI to axe 8,000 jobs as tourism industry faces ‘greatest crisis’
The travel operator said it could be forced to axe up to 8,000 jobs worldwide as a result of the pandemic.
- Reuters - UK Focus
European holidays to restart in July, tourism to recover by 2022 - TUI CEO says
Tourism will recover to its pre-coronavirus levels by 2022 at the latest and European holidays will restart in July said Fritz Joussen, the chief executive of travel group TUI. "I think in 2022, the latest, we will see a full recovery of tourism," he told reporters on a call. TUI said earlier on Wednesday it needed to slash costs to cope with the fallout from the coronavirus pandemic, and Joussen said that the company would in future be flexible about whether it owns assets or not.
- Reuters - UK Focus
LIVE MARKETS-On the radar: L'Oreal, banks, Aston Martin and Volvo
You can share your thoughts Joice Alves (joice.alves@thomsonreuters.com) and Julien Ponthus (julien.ponthus@thomsonreuters.com) in London and Stefano Rebaudo (stefano.rebaudo@thomsonreuters.com) in Milan. Commerzbank posted a worse than expected net loss of 295 million euros, as the lender undergoes a restructuring due to the coronavirus outbreak. Commerzbank shares are down 2.3% in early trade.
- Reuters - UK Focus
Anyone booking a holiday is taking a chance on future of COVID-19 outbreak -UK minister
Britons booking a summer holiday are taking a chance on the direction of the coronavirus outbreak, transport minister Grant Shapps said on Wednesday. European travel company TUI said on Wednesday there would still be a summer holiday season this year and it was ready to resume providing holidays.
- EQS Group
TUI AG: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution
TUI AG 08.05.2020 / 16:33 Dissemination of a Voting Rights Announcement transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. Notification of Major Holdings 1\. Details of issuer Name: TUI AG Street: Karl-Wiechert-Allee 4 Postal code: 30625 City: Hannover Germany Legal Entity Identifier (LEI): 529900SL2WSPV293B552 2\. Reason for notification X Acquisition/disposal of shares with voting rights Acquisition/disposal of instruments Change of breakdown of voting rights X Other reason: voluntary group notification due to crossing a threshold on subsidiary level 3\. Details of person subject to the notification obligation Legal entity: BlackRock, Inc. City of registered office, country: Wilmington, Delaware, United States of America (USA) 4\. Names of shareholder(s) holding directly 3% or more voting rights, if different from 3. 5\. Date on which threshold was crossed or reached: 04 May 2020 6\. Total positions % of voting rights attached to shares (total of 7.a.) % of voting rights through instruments (total of 7.b.1 + 7.b.2) Total of both in % (7.a. + 7.b.) Total number of voting rights pursuant to Sec. 41 WpHG New 1.88 % 3.35 % 5.23 % 589020588 Previous notification 2.97 % 2.14 % 5.11 % / 7\. Details on total positions a. Voting rights attached to shares (Sec. 33, 34 WpHG) ISIN Absolute In % Direct (Sec. 33 WpHG) Indirect (Sec. 34 WpHG) Direct (Sec. 33 WpHG) Indirect (Sec. 34 WpHG) DE000TUAG000 0 11050218 0 % 1.88 % Total 11050218 1.88 % b.1. Instruments according to Sec. 38 (1) no. 1 WpHG Type of instrument Expiration or maturity date Exercise or conversion period Voting rights absolute Voting rights in % Lent Securities (right to recall) N/A N/A 19729522 3.35 % Total 19729522 3.35 % b.2. Instruments according to Sec. 38 (1) no. 2 WpHG Type of instrument Expiration or maturity date Exercise or conversion period Cash or physical settlement Voting rights absolute Voting rights in % Contract for Difference N/A N/A Cash 29020 0.005 % Total 29020 0.005 % 8\. Information in relation to the person subject to the notification obligation Person subject to the notification obligation is not controlled nor does it control any other undertaking(s) that directly or indirectly hold(s) an interest in the (underlying) issuer (1.). X Full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity: Name % of voting rights (if at least 3% or more) % of voting rights through instruments (if at least 5% or more) Total of both (if at least 5% or more) BlackRock, Inc. % % % Trident Merger LLC % % % BlackRock Investment Management, LLC % % % - % % % BlackRock, Inc. % % % BlackRock Holdco 2, Inc. % % % BlackRock Financial Management, Inc. % % % - % % % BlackRock, Inc. % % % BlackRock Holdco 2, Inc. % % % BlackRock Financial Management, Inc. % % % BlackRock Capital Holdings, Inc. % % % BlackRock Advisors, LLC % % % - % % % BlackRock, Inc. % % % BlackRock Holdco 2, Inc. % % % BlackRock Financial Management, Inc. % % % BlackRock International Holdings, Inc. % % % BR Jersey International Holdings L.P. % % % BlackRock (Singapore) Holdco Pte. Ltd. % % % BlackRock (Singapore) Limited % % % - % % % BlackRock, Inc. % % % BlackRock Holdco 2, Inc. % % % BlackRock Financial Management, Inc. % % % BlackRock Holdco 4, LLC % % % BlackRock Holdco 6, LLC % % % BlackRock Delaware Holdings Inc. % % % BlackRock Fund Advisors % % % - % % % BlackRock, Inc. % % % BlackRock Holdco 2, Inc. % % % BlackRock Financial Management, Inc. % % % BlackRock Holdco 4, LLC % % % BlackRock Holdco 6, LLC % % % BlackRock Delaware Holdings Inc. % % % BlackRock Institutional Trust Company, National Association % % % - % % % BlackRock, Inc. % % % BlackRock Holdco 2, Inc. % % % BlackRock Financial Management, Inc. % % % BlackRock International Holdings, Inc. % % % BR Jersey International Holdings L.P. % % % BlackRock Australia Holdco Pty. Ltd. % % % BlackRock Investment Management (Australia) Limited % % % - % % % BlackRock, Inc. % % % BlackRock Holdco 2, Inc. % % % BlackRock Financial Management, Inc. % % % BlackRock International Holdings, Inc. % % % BR Jersey International Holdings L.P. % % % BlackRock (Singapore) Holdco Pte. Ltd. % % % BlackRock HK Holdco Limited % % % BlackRock Asset Management North Asia Limited % % % - % % % BlackRock, Inc. % % % BlackRock Holdco 2, Inc. % % % BlackRock Financial Management, Inc. % % % BlackRock International Holdings, Inc. % % % BR Jersey International Holdings L.P. % % % BlackRock Holdco 3, LLC % % % BlackRock Canada Holdings LP % % % BlackRock Canada Holdings ULC % % % BlackRock Asset Management Canada Limited % % % - % % % BlackRock, Inc. % % % BlackRock Holdco 2, Inc. % % % BlackRock Financial Management, Inc. % % % BlackRock International Holdings, Inc. % % % BR Jersey International Holdings L.P. % % % BlackRock (Singapore) Holdco Pte. Ltd. % % % BlackRock HK Holdco Limited % % % BlackRock Lux Finco S. a r.l. % % % BlackRock Japan Holdings GK % % % BlackRock Japan Co., Ltd. % % % - % % % BlackRock, Inc. % % % BlackRock Holdco 2, Inc. % % % BlackRock Financial Management, Inc. % % % BlackRock International Holdings, Inc. % % % BR Jersey International Holdings L.P. % % % BlackRock Holdco 3, LLC % % % BlackRock Cayman 1 LP % % % BlackRock Cayman West Bay Finco Limited % % % BlackRock Cayman West Bay IV Limited % % % BlackRock Group Limited % % % BlackRock International Limited % % % - % % % BlackRock, Inc. % % % BlackRock Holdco 2, Inc. % % % BlackRock Financial Management, Inc. % % % BlackRock International Holdings, Inc. % % % BR Jersey International Holdings L.P. % % % BlackRock Holdco 3, LLC % % % BlackRock Cayman 1 LP % % % BlackRock Cayman West Bay Finco Limited % % % BlackRock Cayman West Bay IV Limited % % % BlackRock Group Limited % % % BlackRock Finance Europe Limited % % % BlackRock (Netherlands) B.V. % % % - % % % BlackRock, Inc. % % % BlackRock Holdco 2, Inc. % % % BlackRock Financial Management, Inc. % % % BlackRock International Holdings, Inc. % % % BR Jersey International Holdings L.P. % % % BlackRock Holdco 3, LLC % % % BlackRock Cayman 1 LP % % % BlackRock Cayman West Bay Finco Limited % % % BlackRock Cayman West Bay IV Limited % % % BlackRock Group Limited % % % BlackRock Finance Europe Limited % % % BlackRock Advisors (UK) Limited % % % - % % % BlackRock, Inc. % % % BlackRock Holdco 2, Inc. % % % BlackRock Financial Management, Inc. % % % BlackRock International Holdings, Inc. % % % BR Jersey International Holdings L.P. % % % BlackRock Holdco 3, LLC % % % BlackRock Cayman 1 LP % % % BlackRock Cayman West Bay Finco Limited % % % BlackRock Cayman West Bay IV Limited % % % BlackRock Group Limited % % % BlackRock Luxembourg Holdco S.a.r.l. % % % BlackRock (Luxembourg) S.A. % % % - % % % BlackRock, Inc. % % % BlackRock Holdco 2, Inc. % % % BlackRock Financial Management, Inc. % % % BlackRock International Holdings, Inc. % % % BR Jersey International Holdings L.P. % % % BlackRock Holdco 3, LLC % % % BlackRock Cayman 1 LP % % % BlackRock Cayman West Bay Finco Limited % % % BlackRock Cayman West Bay IV Limited % % % BlackRock Group Limited % % % BlackRock International Limited % % % BlackRock Life Limited % % % - % % % BlackRock, Inc. % % % BlackRock Holdco 2, Inc. % % % BlackRock Financial Management, Inc. % % % BlackRock International Holdings, Inc. % % % BR Jersey International Holdings L.P. % % % BlackRock Holdco 3, LLC % % % BlackRock Cayman 1 LP % % % BlackRock Cayman West Bay Finco Limited % % % BlackRock Cayman West Bay IV Limited % % % BlackRock Group Limited % % % BlackRock Finance Europe Limited % % % BlackRock Investment Management (UK) Limited % % % - % % % BlackRock, Inc. % % % BlackRock Holdco 2, Inc. % % % BlackRock Financial Management, Inc. % % % BlackRock International Holdings, Inc. % % % BR Jersey International Holdings L.P. % % % BlackRock Holdco 3, LLC % % % BlackRock Cayman 1 LP % % % BlackRock Cayman West Bay Finco Limited % % % BlackRock Cayman West Bay IV Limited % % % BlackRock Group Limited % % % BlackRock Luxembourg Holdco S.a.r.l. % % % BlackRock Investment Management Ireland Holdings Limited % % % BlackRock Asset Management Ireland Limited % % % - % % % BlackRock, Inc. % % % BlackRock Holdco 2, Inc. % % % BlackRock Financial Management, Inc. % % % BlackRock International Holdings, Inc. % % % BR Jersey International Holdings L.P. % % % BlackRock Holdco 3, LLC % % % BlackRock Cayman 1 LP % % % BlackRock Cayman West Bay Finco Limited % % % BlackRock Cayman West Bay IV Limited % % % BlackRock Group Limited % % % BlackRock Luxembourg Holdco S.a.r.l. % % % BlackRock UK Holdco Limited % % % BlackRock Asset Management Schweiz AG % % % - % % % BlackRock, Inc. % % % BlackRock Holdco 2, Inc. % % % BlackRock Financial Management, Inc. % % % BlackRock International Holdings, Inc. % % % BR Jersey International Holdings L.P. % % % BlackRock Holdco 3, LLC % % % BlackRock Cayman 1 LP % % % BlackRock Cayman West Bay Finco Limited % % % BlackRock Cayman West Bay IV Limited % % % BlackRock Group Limited % % % BlackRock Finance Europe Limited % % % BlackRock Investment Management (UK) Limited % % % BlackRock Fund Managers Limited % % % - % % % BlackRock, Inc. % % % BlackRock Holdco 2, Inc. % % % BlackRock Financial Management, Inc. % % % BlackRock International Holdings, Inc. % % % BR Jersey International Holdings L.P. % % % BlackRock Holdco 3, LLC % % % BlackRock Cayman 1 LP % % % BlackRock Cayman West Bay Finco Limited % % % BlackRock Cayman West Bay IV Limited % % % BlackRock Group Limited % % % BlackRock Finance Europe Limited % % % BlackRock Investment Management (UK) Limited % % % BlackRock Asset Management Deutschland AG % % % - % % % BlackRock, Inc. % % % BlackRock Holdco 2, Inc. % % % BlackRock Financial Management, Inc. % % % BlackRock International Holdings, Inc. % % % BR Jersey International Holdings L.P. % % % BlackRock Holdco 3, LLC % % % BlackRock Cayman 1 LP % % % BlackRock Cayman West Bay Finco Limited % % % BlackRock Cayman West Bay IV Limited % % % BlackRock Group Limited % % % BlackRock Finance Europe Limited % % % BlackRock Investment Management (UK) Limited % % % BlackRock Asset Management Deutschland AG % % % iShares (DE) I Investmentaktiengesellschaft mit Teilgesellschaftsvermögen % % % - % % % 9\. In case of proxy voting according to Sec. 34 para. 3 WpHG (only in case of attribution of voting rights in accordance with Sec. 34 para. 1 sent. 1 No. 6 WpHG) Date of general meeting: Holding total positions after general meeting (6.) after annual general meeting: Proportion of voting rights Proportion of instruments Total of both % % % 10\. Other explanatory remarks: Date 07 May 2020 * * *08.05.2020 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de * * * Language: English Company: TUI AG Karl-Wiechert-Allee 4 30625 Hannover Germany Internet: www.tuigroup.com End of News DGAP News Service
- EQS Group
TUI AG: Preliminary announcement of the publication of financial reports according to Articles 114, 115, 117 of the WpHG [the German Securities Act]
TUI AG (TUI) 30-Apr-2020 / 16:08 CET/CEST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. TUI AG hereby announces that the following financial reports shall be disclosed: Report Type: Financial report of the group (half-year/Q2) Language: German Date of disclosure: May 13, 2020 Address: https://www.tuigroup.com/de-de/investoren/finanzberichte-und-praesentationen Language: English Date of disclosure: May 13, 2020 Address: https://www.tuigroup.com/en-en/investors/reports-and-presentations * * * ISIN: DE000TUAG000 Category Code: NOR TIDM: TUI LEI Code: 529900SL2WSPV293B552 OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State Sequence No.: 61369 EQS News ID: 1034115 End of Announcement EQS News Service
- Bloomberg
We’re All Going on a Winter Holiday
(Bloomberg Opinion) -- Anyone up for a beach holiday right now? The answer is probably a resounding yes, anything to escape lockdown and incessant worrying about the coronavirus outbreak and imminent global recession.But would you actually book one for this summer or even the fall? There the answer is more complicated, as it becomes painfully clear that our next vacations will be close to home and overshadowed by concerns about health precautions.There are the optimists: Almost three-quarters of the people who were due to sail in May, but had their dream cruise canceled by British operator Saga Plc, chose to rebook at a later date. The pessimists: More than half of Americans surveyed by Destination Analysts agreed their next vacation would be a “staycation.” Those organized souls who planned their July Fourth escapes before Covid-19 was upon us are playing wait-and-see. French hotel giant Accor SA has seen less than 10% of reservations for July and August scrapped. But it’s still bracing for occupancy rates of 25-30%, as opposed to 75%, when travel begins againWhat’s clear is that we’re all going to be expecting something different for our next getaway: hotels with detailed Covid-19 symptom checks, abundant hand sanitizer, rigorous disinfecting and bars and restaurants configured for social distancing.The $5 trillion global tourism industry has already taken a huge hit from the pandemic, and it’s not over. Figuring out how to cater to tourists and business travelers in this new era will throw up huge challenges for even the most flexible and deep-pocketed companies. The about 35% gain in the Stoxx 600 Travel & Leisure Index since March 18 looks overly optimistic.In the near term, consumers may be reluctant to crowd into airplanes or return to busy tourist hot spots. In response, European discount carrier EasyJet Plc said it’s likely to leave middle seats empty on aircraft with a three-seat configuration, at least when it first resumes flights. The cruise industry, a haunting symbol of the Covid-19 outbreak, is likely to promote smaller vessels, which are more easily adapted to social distancing, a robust on-board medical staff and promises to fly holidaymakers home at the first whiff of a problem. Flexible booking policies without any deposit may become the norm. If all this fails to tempt, then deep discounts will be necessary.This season may be a washout but there are some signs things will pick back up. Dart Group Plc said on Friday that bookings were still coming in to its Jet2 leisure travel business for late summer. EasyJet said winter bookings were significantly ahead of this time last year. Even if some of this may be rescheduling of trips that were canceled, it illustrates people’s eagerness to travel once again. To capture pent-up demand, tour operators including European giant TUI AG and Jet2 have launched their 2021 summer holiday programs early.It may still be a hard sell depending on the destination. For Italy, Spain and France, as well as New York City, the repercussions of having been the epicenter of the pandemic at some point may linger even longer. It took about 18 months for travel to Paris to recover completely after the harrowing 2015 terrorist attacks.With international flights grounded and foreign tourists unwelcome in most places, it’s impossible to say how soon we can start trotting the globe again. The big luxury and event-oriented hotels, such as those operated by Marriott International Inc. and Hyatt Hotels Corp., are more dependent on international travelers than their more downmarket peers. Companies will likely shore up offerings for domestic tourists. For example, Saga, which caters to the 50s-and-over crowd, already offers cruises around the British isles. This business could be expanded if customers are nervous about venturing further afield. In more thrifty times, people tend to seek out no-frills lodging. In the U.S., Wyndham Hotels & Resorts Inc., has the most exposure to the economy and mid-scale sectors, with brands such as Super 8, Ramada and Days Inn, according to Brian Egger, an analyst at Bloomberg Intelligence. In Europe, Whitbread Plc has the Premier Inn chain in Germany and the U.K., where 80% of its properties are outside of London.Airbnb Inc. may be a big beneficiary if tourists seek out private residences to avoid mingling with too many people in hotel lobbies, elevators or restaurants. The trailblazer for the sharing economy may provide more options in smaller towns or isolated regions. But as with hotels, people must have confidence in hosts’ hygiene standards.And as I have noted, some sectors, such as cruising, may struggle to attract customers other than their most ardent devotees. Carnival Corp., operator of the now infamous Grand Princess, said that as of March 15 bookings were down even for the first half of 2021. It’s hard to say just how bad and enduring the impact from this new coronavirus will be. For those companies that manage to adjust, they can expect to be rewarded with some positive long-term prospects, as more people enter the middle class around the world and an aging population has more leisure time. But it will take much more than pictures of idyllic getaways to woo them.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. She previously worked at the Financial Times.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Yahoo Finance UK
Coronavirus: UK airlines and travel firms accused of 'denying refunds'
The UK’s biggest airlines and most major travel firms are breaking the law by denying refunds within the legal time frame, according to consumer group Which?
- Reuters
TUI cancels holidays for UK customers until mid-May
TUI Group <TUIT.L>, Europe's biggest tour operator, said beach holidays for its British and Irish customers would be cancelled until mid-May due to travel restrictions caused by the coronavirus pandemic and uncertainty about when those will end. The United Kingdom changed its travel guidance on April 4, advising against all non-essential global travel indefinitely. Previously Britons had been told to avoid global travel for 30 days from 17 March.
- Reuters - UK Focus
UK holiday company Jet2 cancels trips until mid-June
Britain's second-biggest holiday company Jet2 said it had cancelled all flights and holidays until mid-June as restrictions in place due to the coronavirus pandemic show no sign of easing in the coming months. The UK changed its travel guidance on April 4, advising against all non-essential global travel indefinitely. Previously Britons had been told to avoid global travel for 30 days from 17 March.
