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World's largest travel group TUI with record sales: financial expert warns about prices
According to a report by www.tagesschau.de, it is obvious that the travel industry, especially the world's largest travel group TUI, is recording huge sales and is benefiting from increased demand. However, it is becoming clear that more and more German citizens can no longer afford a vacation because prices have risen too much. TUI recorded record sales, partly due to price increases of over 20 percent. These price increases could have a long-term negative impact on the market. Due to the increased prices, which are well above inflation rates, and the fact that more than 20 percent of Germans can no longer afford a vacation,...
World's largest travel group TUI with record sales: financial expert warns about prices
According to a report by www.tagesschau.de,
It is clear that the travel industry, especially the world's largest travel group TUI, is recording enormous sales and is benefiting from increased demand. However, it is becoming clear that more and more German citizens can no longer afford a vacation because prices have risen too much. TUI recorded record sales, partly due to price increases of over 20 percent.
These price increases could have a long-term negative impact on the market. Demand could fall due to increased prices, which are well above inflation rates, and the fact that more than 20 percent of Germans can no longer afford a vacation. This could lead to a decline in package holidays and a loss of customers in the budget travel sector. It also requires political measures to stimulate demand and provide relief for financially burdened citizens.
For TUI shareholders, the increased revenue may be good news, but the long-term impact on the travel industry and people's consumption could have a major impact on the market and financial landscape.
Read the source article at www.tagesschau.de