TUI is in the middle of a recovery and a resurgence compared to where it was during COVID-19. The positive momentum, normalizing 2022-2023 numbers to where they should be if we take away COVID is a must for the company to continue to grow.
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TUI AG said it expects its summer 2023 travel season to be close to pre-pandemic levels even as the pace of growth tapers off amid higher inflation and rising interest rates.
TUI (LSE: TUI) shares have climbed 28% so far in 2023. The travel operator looks to be on the recovery trail after a few bad years. From a 52-week low of 101p in October 2022, we're looking at a 70% gain. The travel business was already struggling by the time Covid arrived, mind.
Controversies. A 2018 study in the UK found that Tui had the largest gender pay gap reported to date by a major UK company, with its male employees paid more than twice what female employees are paid.