Tui: short cruises and vacations in Mallorca and Greece will soon be possible – economy



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The tourism business has almost come to a standstill as a result of the crown crisis. Tui’s boss, Fritz Joussen, now wants to take countermeasures and expand the reach in some areas. One possibility, according to Joussen:

“We will do mini cruises. We move ships to the north of Germany”, Joussen announced Wednesday.

These are “short cruises in the North Sea with only 1000 guests on the ship to ensure safety here as well.”

Due to the fall of the crown, Joussen is also planning a tough austerity course:

8,000 government jobs will be cut, and are now being discussed with the social partners.

In the fight against the crown crisis, Tui received a € 1.8 billion loan from development bank KfW with a maturity of mid-2022. The company currently has € 250 million of available funds flowing every month. “In this regard, we have to try to start our business again as quickly as possible,” said Joussen.

The world’s largest travel provider had a steep loss in the first half of the business year (October to March) and faces an uncertain summer due to massive tourism restrictions.

“There are no commitments, no predictability when air travel and boat travel from Germany are possible again,” said Joussen. However, a good sign is that the reserves activated for 2021 show a doubling of the demand.

Holidays in Malle are possible again soon

A ray of hope for millions of tourists:

Starting in July, Tui sees the opportunity to cautiously restart holiday offers in the Balearic Islands and Greece.

If the crown infection numbers remained relatively low, “there was no reason not to be able to go there,” said Tui Joussen’s boss. Local companies should have the opportunity to start their business:

“If there is still no open hotel in Mallorca, nobody will fly there. When they open, we take people there. ” Of course, protecting health should be a priority. “A vacation in Europe, if it’s safe, should be possible.”

According to his impression, the situation is also improving in Greek destinations. Industry remains extremely important to the country, and in the summer tourism contributes up to 40 percent to economic output, says Joussen.

Tui assumes that resorts in Greece and Majorca, but also in Cyprus, may be ready for guests starting in July.

In Spain, whose economy also depends heavily on tourism, there have recently been many critical voices.

The regional president of the Balearic Islands, Francina Armengol, spoke at best of a gradual opening of Mallorca in the summer months, with the priority of the continental Spanish. The central government of Madrid had estimated in mid-April that a major restart could not be expected until the end of the year.



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