TUI reports rise in bookings

0
Have your say

​TUI Group, the world’s largest leisure tourism firm, said bookings ​a​re up on last year as European demand for holidays ​stays strong despite increased security threats​.

​Security worries have forced holiday companies to cancel trips to some destinations this year.

In November, the UK suspended flights to Egyptian resort Sharm al-Sheikh, while trips to Tunisia were cancelled earlier in the year after the death of 38 holidaymakers in a massacre on a beach in June.

​The threat was further intensified by the attacks on Paris which killed 130 people on November 13.

TUI said it had seen a good start to trading for its summer 2016 programme, with UK bookings up 11 per cent.

It said the bookings increase puts it on track to ​increase​ annual earnings by over 10 per​ ​cent.

​For the 12 months to September 30, it reported underlying core earnings of £724m on a constant currency basis, 15.4 per cent higher than last year, beating the top-end of its own guidance for a rise of between 12.5 per cent and 15 per cent.

​​The positive outlook reflect​s​ forecasts from smaller rival, Thomas Cook, which said in November that demand for holidays ​i​s ahead of last year.