Flexi Fares are the Trend for Travel Bookings
March 11, 2021
Booking a vacation can get expensive if you have to cancel. COVID-19 makes travel a gamble and flex fares allow changes and free cancellations. It seems to be a trend in Europe even after COVID-19 to rely on such booking options.
The majority of people making holiday reservations choose a flexi fare. Even after the pandemic is over, flexible cancellation and re-booking options for package holidays will remain, according to the leading companies taking part in ITB Berlin NOW.
Currently TUI and DER Touristik are not considering imposing a deadline for flexi fares. Marek Andryszak, CEO of TUI Deutschland, reports that 80 per cent of the customers who have booked travel with TUI since 1 February have chosen a flexi fare. It is a similar situation with DER Touristik, where the figure is 70 per cent, reports Ingo Burmester, CEO Central Europe.