LONDON â ???? European travel stocks rose Tuesday morning as customers made new bookings after the U. announced its four-step plan to end coronavirus restrictions

The shares of the German travel group Tui rose nearly 7% in the early European trading hours.The International Airlines Group, owner of British Airways and Iberia, also rose more than 6% and the shares of the German airline Lufthansa rose more than 4 %

The sector has been hit hard by the restrictions imposed by the coronavirus People are advised not to travel overseas, and they must deal with strict quarantine guidelines if this happens

On Monday afternoon, UK Prime Minister Boris Johnson unveiled his four-step plan to remove all social restrictions by Jan. June and this resulted in an increase in new bookings

EasyJet announced on Monday evening that flight bookings in the US were up 337 %K and a 630% increase in vacation bookings following the announcement by the Tui government, Tui also said overnight bookings rose 500%

Johan Lundgren, CEO of easyJet, said in a statement: “We have seen time and time again that the demand for travel is pent up and this surge in bookings shows that this signal from the government to reopen travel is that was what Britain was consumers have been waiting for “

Andrew Flintham, Managing Director of TUI UK and Ireland, said in an email that the Prime Minister’s announcement “was positive and shows that by working with the travel industry on a risk-based framework, our customers will have the opportunity to do so Summer travel abroad “

The UK With the reopening of the schools, the restrictions of the coronavirus will be lifted from April 8th March canceled in four steps However, the whole process will depend on how the epidemiological situation develops

The government also said it is reviewing international restrictions on vacation travel and revising changes on Jan. April will announce

“We know there are customers out there who want to travel, that there is a great desire to be out there and see the world, and that pent-up people will come back, it’s only a matter of time,” said Keith Barr IHG Hotels CEO & Resorts told CNBC’s Squawk Box Europe on Tuesday

“Am I going to make the one-day trip from London to New York for a three-hour meeting? Probably not, so there will be some impact on business travel,” Barr said when asked how the sector is likely to change in the world World after Covid, but he added that the “but the vast majority of the estate will make it through this (crisis)” “

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World News – UK – European travel stocks rise after UK announces its end-to-lockdown plan

Source: https://www.cnbc.com/2021/02/23/tui-iag-lufthansa-shares-rise-after-uk-johnson-plan-to-end-lockdown.html