Europe's Travel Sector Sees Surge in Bookings on England's Travel Roadmap
--Airlines and travel companies have reported a surge in U.K.
flight and holiday bookings
--The rise in bookings follows the news that England could
potentially reopen its skies to international travelers from May
--Shares in European travel companies are trading up on the
By Anthony O. Goriainoff and Olivia Bugault
Several of Europe's travel-industry mainstays have reported a
surge in bookings on Tuesday after U.K. Prime Minister Boris
Johnson's unveiling of England's roadmap out of lockdown on Monday,
saying that international travel could potentially resume from May
London-listed budget airline easyJet PLC said flight bookings
from England rocketed by 337% for the summer season and bookings
for easyJet Holidays rose 630% on week after Mr. Johnson addressed
the country. Mediterranean beach resorts--in countries such as
Spain, Portugal, and the Greek island of Crete--are among the top
destinations for summer 2021, and travel in August followed by July
and September were proving the most popular months, the low-cost
German travel group TUI AG said bookings were up 500% after Mr.
Johnson's comments, with huge demand for travel to Greece, Spain
and Turkey from July onward.
Ryanair Holdings PLC said it had seen a "large surge in bookings
from the U.K. to holiday destinations in Spain, Greece and Italy,"
adding that this was an encouraging trend and showed the importance
of providing customer confidence.
Thomas Cook Group PLC, now an online-travel operator, said
traffic rose 75% on Monday, the bulk of which came after the prime
minister's announcement. Bookings continued to flood in, and not
just for summer as people were "booking holidays well into 2022,"
it added. The company said that Turkey was their number-one
destination, with Greece and Cyprus following close behind. As for
long-haul, Thomas Cook said the Dominican Republic and Mexico were
also performing well.
Sean Doyle, the chief executive officer of British
Airways--which is part of International Consolidated Airlines Group
SA--said "it is critical we start looking at a way to restart
travel and we are pleased the government has acknowledged that."
The airline didn't comment on a potential increase in flight
The travel industry has been among the worst hit by the
coronavirus pandemic and hopes that the U.K.'s skies might reopen
again sent a positive signal to the market, triggering a rally in
European travel stocks.
At 1301 GMT, shares in easyJet were up 7.0%, TUI traded 2.0%
higher, and Air France-KLM climbed 4.6%. IAG, Ryanair and other
European airlines were also trading higher on Tuesday.
Write to Anthony O. Goriainoff at
email@example.com and Olivia Bugault at
(END) Dow Jones Newswires
February 23, 2021 08:29 ET (13:29 GMT)
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