TUI AG fell the most in two months after summer bookings slowed in key markets such as Germany and the UK. The world’s biggest tour operator fell as much as 8% in Frankfurt, the most since Dec. 11, after the company said summer bookings from German tourists slowed to 6% above last year’s levels, compared with a 19% gain in December.

Despite on-year increases to both bookings and prices, growth slowed compared with what TUI had reported in December for the end of fiscal 2024.

Europe's largest travel operator TUI reported a jump in first-quarter profit and maintained its profit outlook for the coming year on Tuesday, but saw its shares sink nearly 11% as bookings growth weakened.