TUI Predicts That The Canary Islands Will Do Well in the Winter

Canary Islands

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The German tour operator believes that families and more young people will come and predicts a decline in holidays in far away destinations.

The President of the Canary Islands Government, Ángel Víctor Torres, and the Minister of Tourism, Industry and Commerce, Yaiza Castilla, held a meeting on Thursday with the CEO of the TUI Group, the German Sebastian Ebel, in order to work on the recovery of tourist flows with the Canary Islands.

The CEO of Hotels & Resorts, Cruises, Destination Experiences and Contracting expressed his confidence in the recovery of the Canary Islands arguing that "it will go well, as it is one of the few destinations with sunshine and little competition", especially to the winter season.

This meeting is the third that the Government has held in the last three months with the touring giant since the global crisis began due to the coronavirus pandemic and the subsequent start of the de-regulation process of the islands, with a view to preparing the destination for the reception of tourists, notes a note from the Executive.

More young people and families

Ángel Víctor Torres told Ebel that the low incidence of the pandemic in the Canary Islands is an advantage, because tourists "want to go to safe places and there is quality health conditions in the Canary Islands."

Ebel, who attended the meeting with the director of operations of RIU in the Canary Islands and Cape Verde, Sergio Lobenstein, and the representative of TUI in the Canary Islands, Jill Massow, assured that, according to the forecasts they manage, "more young people and families will come".

Yaiza Castilla recalled that the Canary Islands has the 'Canarias Fortaleza' plan with which the protocols validated by Public Health are being finalized "to ensure the compatibility of vacation enjoyment with health safety at the destination."

The CEO of TUI also recognized that "the desire to travel remains and long distances by plane are going to suffer a lot", so they foresee that in the coming years the European population "will take vacations in European countries or at home".

34.4% share in the Canary Islands

TUI is the largest tourism group in the world, with an annual turnover, which until 2019, exceeded 18 billion euros, thanks to more than 20 million customers. Its closest competitor (Thomas Cook) went bankrupt last September, with the company benefiting from increased demand.

According to data provided by TDA (Travel Data Analytics), TUI's market share in Germany has grown from 24.1% to 27.7% this January and in the case of the Canary Islands it has gone from a 29.9% share. 34.4% (in 2019 it brought 2.6 million passengers to the Canary Islands from different parts of Europe).

Like the rest of the sector, the emergence of the covid-19 pandemic completely paralyzed the group's activity for 3 months and the return to normality is not without uncertainties in the face of a still weakened demand, for which the company has received aid from the German government worth 1.8 million euros.