Tui reports strong winter demand and improved summer trading

Tui reports strong winter demand and improved summer trading

Tui Travel today reported strong demand for late winter bookings with summer 2012 volumes improved in all markets.

The Thomson and First Choice parent ‘s trading update showed that controlled distribution has reached 90% with online sales accounting for almost half of this.

Overall trading was described as being in line with expectations with improved yields and load factors for the 2011-12 winter trading period.

Summer 2012 volumes have improved in all key markets.

Differentiated products continue to outperform the market for summer, representing 63% of UK bookings, up seven percentage points on the same time last year.

But Tui Travel admitted that demand for holidays to North Africa remains weak following the Arab Spring disruption.

Chief executive Peter Long said: “We are pleased with our winter performance, particularly in the UK, where our focus on differentiated product and online distribution is resulting in us out-performing the market.

“Summer 2012 volumes have improved in all key markets since our last update. We are pleased with the development of bookings and pricing in the UK, where we continue to out-perform the market and have a strong performance in online sales.

“In addition, our business improvement programme is progressing according to plan.

“We remain confident that these self-help measures, coupled with our strategy, will help us to deliver in the current challenging macro-economic environment.”

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