TUI Group, Europe's largest travel company, has announced an increase of 300,000 seats to its summer 2024 capacity following the bankruptcy of FTI. This move comes as a direct response to the void left by FTI, aiming to ensure holidaymakers can secure their summer vacations.
Stefan Baumert, CEO of TUI Germany, emphasized the swift actions taken by the company to mitigate the impact of FTI's collapse. "In the wake of FTI's bankruptcy, we promptly engaged with tourism boards, authorities, and hotels, particularly in key destinations like Türkiye and Egypt, to secure additional bed capacity," Baumert stated. This quick response is part of TUI's broader strategy to safeguard the summer holiday plans of its customers.
Baumert also highlighted that the capacity increase isn't limited to Türkiye and Egypt. TUI is also expanding its offerings in the Balearic Islands, the Canary Islands, Greece, and the United Arab Emirates, securing long-term contracts with hotels in these regions to meet anticipated demand.
Providing insight into current sales trends, Baumert noted, "This summer, Mallorca is our top destination, followed by Antalya, Crete, Rhodes, and Kos. We are also seeing high demand for trips to Sweden, Norway, and Montenegro."
Following FTI's bankruptcy, TUI's top management came to Türkiye and met with industry representatives, including the Minister of Culture and Tourism, Mehmet Nuri Ersoy.
