Europeans are paying 20% more for their vacations than before the pandemic

Europeans are looking beyond lockdowns and betting that the coronavirus pandemic won’t quash summer travel for a second year.

Despite uncertainty over the pandemic, millions of vacationers, particularly in the United Kingdom, have already booked trips and are spending even more than they did before the coronavirus hit, according to Tui.

The world’s largest tour operator said 2.8 million customers are currently booked for summer 2021 — a 44% decline compared to the same point in 2019 but more than a fifth higher than the total guests it recorded between mid June and October 2020.

A spokesperson for the company, which operates 15 cruise ships and over 400 hotels, said that vouchers and amendments to previous trips account for about half of these bookings but that the pace of new orders has increased in recent weeks. Last month, average daily bookings were up 70% compared to December.

Source: https://edition.cnn.com/2021/02/09/business/tui-european-travel-tourism/index.html

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