TUI increases its quota after the bankruptcy of FTI

TUI increases its quota after the bankruptcy of FTI

After insolvent tour operator FTI canceled all trips, its competitor TUI significantly increased its quotas. A spokesman said around 300,000 additional places had been secured. Especially in Turkey and Egypt, which are focal points of the FTI, but also in Spain and Greece.

Talks with suppliers began shortly after the insolvency became known. After FTI has canceled all trips, things are now clear. The additional fees are supposed to be enough for more than half of the travelers affected by the FTI bankruptcy if they wanted to book a substitute, the spokesperson said. TUI also wants to extend its quotas for the winter season.

Travel association praises clarity after FTI cancellation

FTI filed for bankruptcy about two weeks ago. All subsequent trips have been cancelled. The Alliance of Independent Travel Companies (asr), which represents travel agencies, tour operators and tourism service providers, welcomed the cancellation of the trips by FTI. This creates security everywhere and travel agencies can now make new reservations for their clients, said asr president Anke Budde. At the same time, she appealed: “Tour operators who obtain quotas from the FTI should not now increase prices to the detriment of tourists due to the changed competitive situation.”

TUI said that prices would not change much and would, on average, remain at a comparable level.


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