Despite on-year increases to both bookings and prices, growth slowed compared with what TUI had reported in December for the end of fiscal 2024.

TUI AG fell the most in two months after summer bookings slowed in key markets such as Germany and the UK. The world’s biggest tour operator fell as much as 8% in Frankfurt, the most since Dec. 11, after the company said summer bookings from German tourists slowed to 6% above last year’s levels, compared with a 19% gain in December.

Tui boss Boss Sebastian Ebel (pictured) said people were still prioritising their holidays even in times of change and economic risks.