All Leisure relies on integration to survive tough climate
All Leisure is relying on further integration of its tour operating and cruise businesses to help it cope with difficult trading conditions.
Releasing a trading statement this week, it said it expects to report a "modest" pre-tax profit for the year ended October 31 2012.
The group said it cannot underestimate the strategic importance of its acquisition of Page & Moy Travel Group in May.
"Whilst restructuring costs will be incurred in the short term, the board is confident that the synergy benefits that it has identified will deliver a strong contribution to the bottom line in future years," it said.
It said maximising synergies between the two groups should help counteract the negative impact of:
– unprecedented natural disasters and geo-political events
– double dip recession
– reduced discretionary customer spending
– persistent low interest rates
– increased oil prices and weak Sterling, all of which are further exacerbated by increased Air Passenger Duty.
Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
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