TUI CEO Joussen on Brexit’s Effect on Travel

The transcript discusses the impact of Brexit on TUI Group, highlighting currency fluctuations and their limited effect on consumer behavior. It explores future economic strategies and the potential influence of the US election on tourism, particularly in the Caribbean. Despite uncertainties, TUI Group remains optimistic about growth and hedges against currency risks.

How did the euro exchange rate change after the Brexit referendum according to the TUI Group's assessment?

• It remained stable at 0.75.

• It increased from 0.75 to 0.9 and then to 0.86.

• It decreased from 0.9 to 0.75.

• It fluctuated between 0.75 and 0.9.

What is one of the strategies TUI Group is using to mitigate potential negative impacts of Brexit?

• Expanding into new European markets.

• Increasing prices for UK customers.

• Hedging their cost positions.

• Reducing their presence in the UK market.

What potential positive outcome does TUI Group foresee from Brexit-related state programs?

• Increased currency volatility.

• Higher employment and GDP growth.

• Reduced consumer demand.

• Decreased tourism in the UK.

How does TUI Group view the impact of a Donald Trump presidency compared to Brexit?

• More impactful than Brexit.

• No impact at all.

• Equally impactful as Brexit.

• Less impactful than Brexit.

What is TUI Group's expectation regarding American travel behavior under a Trump presidency?

• Americans will avoid traveling to the Caribbean.

• No significant change in travel behavior.

• Americans will travel less.

• Americans will travel more.