The Chief Executive Officer of TUI Group, Sebastian Ebel, has warned that the era of cheap flights and last-minute bargains is over, but a few countries including Cyprus, have managed to keep holiday prices stable at least for this year.
There was still a possibility of finding a cheap holiday in 2023, in destinations such as Morocco, Tunisia, Cyprus and Thailand that have recorded only slight prices changes over last year, he said.
In an interview with German newspaper Bild Zeitung, Ebel said that TUI saw extremely high demand for the first summer after the end of the coronavirus pandemic, with Greece top for bookings.
This year would not be a summer of last-minute bookings, as was the case in the previous years, Ebel said, warning that just before departure, prices would be higher rather than lower.
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