FRANKFURT, June 20 (Reuters) - Europe's largest tour
operator TUI has expanded its offering and seen a
rise in bookings after competitor FTI ( FCN ) went bankrupt, TUI
Germany, one of the company's biggest branches said on Thursday.
TUI added some 300,000 additional spots for the current
season after "changes in the German travel market", TUI said,
referring to the FTI ( FCN ) insolvency.
Sinking bookings, as well as early advance payment requests
drove Europe's third-largest tour firm FTI ( FCN ) to file for
bankruptcy in early June, as a last-minute buyout attempt failed
and the government refused to rescue the company.
TUI's shares rose 2% after the FTI ( FCN ) bankruptcy announcement
on June 3.
FTI ( FCN ) had to either cancel or complete thousands of trips
starting from June 4, prompting holidaymakers to turn to
last-minute offers from TUI.
Spanish island Mallorca remains a number one choice for
German tourists, TUI said, followed by Turkish resort Antalya
and the Greek islands of Crete, Rhodes, and Kos.
TUI has also extended the summer season to late November,
especially in the Mediterranean region, as it anticipates higher
bookings as tourists seek to take advantage of still-warm
temperatures, but fewer crowds.