Holiday bookings are up.

Tui has predicted that summer bookings will “nearly reach” 2019 levels this year, but has warned that “no last-minute” low-cost bargains will be available.

Following the relaxation of Covid travel restrictions, the company reported a rise in bookings in the last six weeks as individuals planned summer vacations.

However, it cautioned that the impact of Covid and the Ukraine conflict on customer behaviour was “impossible to forecast.”

Due of increasing fuel prices, Tui’s CEO warned of price hikes and limited offers.

“This summer, there will be almost no last-minute deals at low costs,” Fritz Joussen predicted.

Tui’s losses were cut in half to €614.5 million (£525 million) in the six months to March, thanks to a significant comeback.

As a result, the company informed its shareholders that it expects to be profitable by the end of the year.

Mr Joussen stated, “The high demand for travel and the extremely good business performance support our projections.”

“The year 2022 will be prosperous. Capacity is nearly at pre-corona levels for 2019.”

He added: “Tui is expected to return to profitability in the current financial year after two years of difficulty… This is the foundation for future progress.”

Tui served 1.9 million customers in the last three months, up 1.7 million from the same period in 2021, when global travel was at a standstill owing to the pandemic.

Summer vacation bookings for 2019 are presently at 85 percent, according to the company.

With the lifting of Covid travel restrictions, demand for abroad summer vacations is surging.

Bookings from UK vacationers are leading the way back to the beach for Tui.

People are spending more money on summer vacations, according to the travel operator, by staying longer and taking more package tours.

The optimism isn’t without its flaws. Tui, like other travel companies, will be watching how the Ukraine conflict, inflation, and any potential travel restrictions influence consumer behavior.

Easter was a difficult time for many airports and airlines. Some businesses simply did not have enough workers to handle the sudden increase in demand.

However, this is yet another indicator that many people still want to go and are making reservations.

In reality, consumers trying to book last-minute summer vacations or hotels may find their selections limited because many others have arrived before.

Presentational grey line of 2px

The removal of UK testing regulations in February has resulted in increased demand for flights and vacations. Some countries, however, nevertheless compel travelers to adhere to isolation and testing regulations.

Heathrow Airport said on Tuesday that demand was good in April and that passenger numbers will increase this summer.

However, the UK’s busiest airport predicted that demand for the year would be only 65 percent of pre-pandemic levels, as rising prices push people to cut back.

Inflation, or the rate at which prices rise, is expected to hit 10% later this year, according to the Bank of England.