All-inclusive holidays boost TUI
The firm said strong bookings for more profitable “unique” holidays, targeted at groups including couples and those looking for luxury all-inclusive resorts, drove a record performance, with UK underlying annual earnings jumping 32 per cent to £197m.
UK holidaymakers looking to escape to the sun after this year’s dismal summer also resulted in a surge in bookings for next summer, up 12 per cent.
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Hide AdTUI said its unique holidays - including Couples, Sensatori and SplashWorld - were already up 18 per cent for summer 2013, accounting for 83 per cent of bookings.
Peter Long, chief executive of TUI Travel, said the year had been one of “many successes”.
“We have delivered record group profits while the UK achieved outstanding results both in terms of profit and margin all against a backdrop of continued economic uncertainty,” he added.
A hike in the price of its holidays and cost cutting efforts also buoyed figures, helping group-wide underlying pre-tax profits rise eight per cent to £390m in the year to September 30.
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Hide AdIn the UK, TUI increased prices by four per cent this winter and three per cent for next summer, while it made £4m in savings over the year.
Mr Long said the group was aiming for ongoing earnings growth of between seven per cent and 10 per cent a year.