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Extended Seasonal Appeal: TUI Strategizes Autumn And Winter Travel In Greece And Turkey

Greece remains a premier destination for European travelers well into the autumn, as TUI AG – the continent’s largest tour operator – reaffirms its commitment to extending the traditional travel season. Amid growing demand, the German group is actively negotiating with hoteliers and hotel managers in Greece and Turkey to prolong operations until November and, in some cases, January.

Strategic Expansion Beyond The Summer Season

TUI AG CEO Sebastian Ebel outlined during a recent conference call with analysts that the operator is focused not just on extending the summer period but also on boosting city break travel. Aimed particularly at German and British travelers, popular destinations like Athens are being marketed for their appeal as short-trip getaways. The operator’s innovative approach includes dynamic holiday packages which provide customizable experiences, from curated activities to bespoke excursions, resulting in higher profit margins. Currently comprising around 25% of its offerings, TUI targets an increase to 50% by 2026, which dovetails with its optimistic fiscal projections for higher revenue growth and enhanced operational profitability driven by modest price adjustments.

Diversified Tourism Strategies Across The Region

In parallel, Cyprus is actively reimagining its tourism model to shift from a seasonal peak to a year-round industry. Officials and industry stakeholders alike recognize that extending the tourist season is key to both revenue growth and employment stability. The Cyprus Hoteliers Association, along with local communities, emphasizes that keeping hotels, restaurants, and services actively operational beyond the typical summer months is essential to avoid the aura of deserted locales and ensure prolonged employment opportunities.

Opportunities In Niche And Off-Peak Markets

Notably, tourism strategists are targeting markets such as Scandinavia and Germany during off-peak periods, where there is a historical trend of winter travel. In Cyprus, improved air connectivity – particularly in Paphos – combined with the region’s mild climate, safety, and high level of English proficiency, gives the island a competitive edge over other Mediterranean destinations. The introduction of niche offerings – from sports tourism and culinary excursions to agrotourism and cultural events – represents a concerted effort by industry experts to diversify the tourist experience and extend visitor stays.

As industry leaders adapt to evolving economic and social trends, the combined efforts of tour operators, hoteliers, and local governments underscore a robust future for Mediterranean tourism. From bespoke holiday packages in Greece to a systematic extension of the tourist season in Cyprus, the region’s strategic initiatives ensure a resilient and evolving travel landscape beyond the confines of a traditional summer season.

Monday.com To Cut 20% Of Workforce As It Expands AI Strategy

Monday.com, the Israeli workplace software company, is laying off about 630 employees, or roughly 20% of its workforce, as it restructures the business to support a leaner operating model and accelerate investment in artificial intelligence.

Restructuring Around AI

In a regulatory filing, the company said the workforce reduction is intended to better align resources with its AI strategy, which has become a central focus of its product development.

Earlier this year, Monday.com expanded its AI offering by introducing the Monday.com AI Work Platform, designed to integrate AI agents into day-to-day business workflows.

The platform includes a no-code app builder, a customizable AI agent, workflow automation tools and a chatbot capable of generating reports, updating dashboards and assisting with routine tasks.

Part Of A Wider Industry Trend

Monday.com’s restructuring reflects a broader shift across the technology sector, where companies are reducing costs while increasing investment in AI development and infrastructure.

According to Layoffs.fyi, tech layoffs rose sharply in May, with 78% of companies citing AI-related restructuring as a factor behind job cuts this year. More than 122,000 technology roles have been eliminated worldwide in 2026, according to the tracker.

Restructuring Costs

Monday.com expects to record restructuring charges of between $45 million and $55 million as a result of the layoffs. The move highlights how software companies are reallocating resources to support AI-focused products and services as competition in the sector intensifies.

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