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Future of British Business

Brits Set to Swap Caribbean for Canaries to Salvage Winter Break

  • TUI is seeing winter vaction demand above pre-pandemic
  • Price changes can see people swap Caribbean for cheaper places
The beach of Las Teresitas, on Spain's Canary island of Tenerife. 

The beach of Las Teresitas, on Spain's Canary island of Tenerife. 

Photographer: Desiree Martin/AFP/Getty Images

Britons are booking winter vacations at a faster pace than before the coronavirus crisis, though climbing household bills and a looming recession could shake up destination choices, according to the world’s biggest tour operator.

TUI AG, whose operations span Mediterranean resorts, cruise ships and long-haul destinations such as Mexico and the Maldives, is seeing positive winter sales in the UK compared with 2019, chief executive-designate Sebastian Ebel said Wednesday. Continental bookings are slower and more variable, he said.