German travel group TUI says the downturn in travel bookings linked to the Middle East war is fading. The company reports that, while summer booked revenue is down 6% compared with the same period last year, bookings have increased by 7% over the past four weeks, suggesting demand is returning toward normal levels.
The outlet reports on a wider, turbulent European travel environment. Al-Monitor notes that tourism across Europe is affected by factors including high jet fuel prices associated with the US and Israeli conflict involving Iran, as well as extreme weather such as heatwaves and wildfires in several countries. In this context, TUI’s latest results are presented as an indicator that booking momentum is improving even as other cost and weather pressures continue.
