TUI Investor Says Demand for Tourism Will Remain

Billionaire Alexey Mordashov tells Bloomberg he believes investment in the travel industry is attractive because as with food, there will always be demand for it.

TUI CEO Says Weaker Pound Dampens Demand for Tourism
16:20 - A weaker UK pound has increased the cost of travel, especially for U.K.-based tourists, says Friedrich Joussen, CEO of Europe's largest tour operator TUI. Even though demand from the U.K. is "difficult," Joussen says people get used to price adjustments and decide to travel nonetheless. He speaks to Bloomberg's Caroline Hyde at the Noah Tech Conference in Berlin. (Source: Bloomberg)
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