Türkiye among top sought-after holiday spots as TUI sees record sales

German travel and holiday giant TUI Group, Europe’s largest tour operator, revealed Wednesday better-than-expected results after notching up record revenues, as it said traveling remains “very popular” despite rising prices for trips abroad.

The company affirmed that it sees strong booking for the upcoming season and that locations including Türkiye, Greece and the Balearic Islands are among the most sought-after destinations.

TUI continues to expect a good year as a whole and, after six months, can also look back on a strong second quarter of the financial year, it said.

“TUI successfully closed the second quarter of the financial year 2024 due to people’s continued high willingness to travel,” it added.

The group – set to switch its listing from London to Frankfurt – reported pre-tax losses of 403.1 million euros ($436.5 million) for the six months to March 31, against 648.8 million euros a year earlier.

Holiday firms traditionally post losses over…