Tui Travel will reveal whether it has made further gains at the expense of rival Thomas Cook in a half-year trading update on Thursday.
Europe’s biggest travel group posted a strong first quarter with summer 2012 bookings flat on the previous year, compared with a 14% decline in the overall market.
The solid performance came as Cook fought to restore its finances and reputation after racking up bigger first-half losses and being forced to turn to its banks for extra help.
Tui sought to capitalise on its rival’s woes by publishing its own adverts saying: “Another holiday company may be experiencing turbulence, but we are in really great shape.”
The Thomson/First Choice parent company’s shares are up more than 40% since a low point in November as analysts favour Tui over its closest rival.
Tui’s performance is being driven by demand for differentiated holidays, which made up 64% of UK bookings for the summer in the first quarter.
This is a community-moderated forum.
All post are the individual views of the respective commenter and are not the expressed views of Travel Weekly.
By posting your comments you agree to accept our Terms & Conditions.