Holidaybreak prepares for 'tough' conditions

SPECIALIST holiday firm Holidaybreak said year-to-date sales fell 2 per cent due to capacity reduction in its camping division and delayed bookings.
By The Newsroom
Published 16th Feb 2010, 08:28 BST

The company, which offers short breaks within the UK and Europe, also said it expected trading conditions over the coming year to remain tough as a result of the economic uncertainty.

Holidaybreak said it expected to perform in line with its estimates for the year ending September 2010.

The group's hotel breaks business is based in York.

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The company said it continued its search for a new chief executive after Carl Michel stepped down from the post in September last year due to personal reasons.

Holidaybreak shares closed at 244.25 pence on Monday on the London Stock Exchange.

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