TUI shares soar on strong forward trends
TUI's (TUIT) share price jumped after the holiday giant said it saw solid booking trends. Despite the highest levels of inflation in a generation, European demand for vacations continues to stay resilient.
TUI shares looking all loved up this Valentine
Remember all that pent up frustration when you couldn't go anywhere in lockdown? Then, when lockdown lifted, it was too expensive or too much hassle or both? Well, the tables have turned. The 'revenge holiday' theme is back. TUI, the holiday giant, says more and more people are booking their summer holidays and early as well. TUI AG says the number of guests who booked early in the first quarter totalled 3.3 million, compared with 2.3 million in fiscal 2022, while upcoming bookings for the 2023 winter and summer seasons hit 8.7 million. All this is making TUI shares very attractive.
TUI's share jump
TUI's shares gained early in the session and it does look as if they are coming back down, but actually, it's just given back some of those gains and are still higher in London trading and also in Frankfurt. Looking further back, look at where the shares have come since the 2020 lockdown. TUI AG (LSE) has come off these COVID lows.
TUI shares to gain altitude
Now, if we see holiday makers book holidays earlier and earlier, it's looking like a hot summer for TUI, even despite sky high inflation.
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
Seize a share opportunity today
Go long or short on thousands of international stocks.
- Increase your market exposure with leverage
- Get spreads from just 0.1% on major global shares
- Trade CFDs straight into order books with direct market access
Live prices on most popular markets
- Equities
- Indices
- Forex
- Commodities
Prices above are subject to our website terms and agreements. Prices are indicative only. All share prices are delayed by at least 15 minutes.
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.
