According to the World Tourism Barometer of the United Nations World Tourism Organization (UNWTO), more than 800 million international travellers were recorded in 2022 – a doubling compared to the previous year. For 2023, the UNWTO forecasts a further recovery. By the end of the year, the number of international travellers is expected to reach 80 to 95 percent of pre-crisis levels. The travel industry is back on track for success. Two key figures on its economic importance:

  • Tourism has grown – minus the pandemic years – twice as fast as world GDP in the last 15 years.
  • Every tenth employee worldwide works in the travel and tourism industry.

The positive effects of tourism can be seen in industrialised nations as well as in emerging and developing countries. In Germany, tourism is a fundamental component of the national economy and in 2022 almost reached pre-Covid figures: in 2022, travel expenditure by Germans doubled to 58.6 billion euros compared to the previous year. At the same time, tourism provides jobs for about three million people – that is almost seven percent of all employed persons in Germany. 


Share in total employment: direct, indirect and induced effects 2019.

In the EU Mediterranean countries, the travel is a crucial source for the creation of jobs and prosperity – with 27 million guests per year and multimillion investments, the TUI Group has a significant share in this. 


Tourist spending exceeds global development aid by a factor of almost four - and the trend is rising sharply.

In emerging and developing countries, tourism strengthens social and environmental standards, stabilises national economies and offers enormous opportunities for economic, social and ecological development. As such, tourist spending significantly exceeds global development aid.

TUI – a systemically important player

TUI is of great importance for tourism worldwide. In many places, the company is the largest private investor and long-term strategic partner of the destination countries. This is particularly true for regions in southern Europe and in emerging and developing countries such as Cape Verde. TUI has always been and remains a central partner – also for medium-sized companies. For example, the travel group is the largest commission provider for German travel agencies and, with its online platform TUI Musement, arranges excursions for tens of thousands of excursion micro-enterprises worldwide. In holiday destinations, TUI thus also helps to stabilise the local tourism infrastructure and supports small and medium-sized tourism businesses on the ground. 


The TUI Group is the only company in the world that offers the value chain in the travel sector end-to-end: from advice on how to get there by plane, the vacation experience in the hotel or on the ship, to activities, service, transfers and support for guests at the vacation destination.

The Group provides special support in countries with weak development through the TUI Care Foundation. Since 2016, the foundation has initiated and promoted over 100 projects in 30 countries worldwide: The focus is always harnessing the potential of tourism as a driver for development, education and prosperity. Recently, the foundation announced the “Tourism for Development Fund” together with the UNWTO. The fund aims to promote sustainable tourism development in the least developed countries (LDCs), and the TUI Care Foundation will provide around 10 billion euros for this purpose until 2030. 

"Least Developed Countries have an enormous untapped tourism potential which is an important opportunity for their economic, social and environmental sustainability. We want to put destinations in LDCs on the global tourism map."

Thomas Ellerbeck, Chairman of the TUI Care Foundation

TUI on course for sustainable, profitable growth

After difficult years in the wake of the Corona pandemic, TUI Group is profitable again and creating the basis for new growth. In 2022, turnover almost quadrupled year-on-year and the Group looks back on a strong summer with 13.7 million guests.

At the end of April 2023, TUI repaid the Corona state aid in full, including interest. As agreed, the Group had swiftly redeemed the remaining aid from the Economic Stabilisation Fund (WSF) via capital increase, the WSF’s Silent Participation I of 420 million euros and the remaining warrant bond of 59 million dollars. TUI already repaid Silent Reparation II of 671 million euros in 2022. The Group is now focusing on profitable growth.