Holidaybreaks sales dip after capacity cuts bite
Delayed bookings and reduction in capacity caused year-to-date sales to fall by 2% at Holidaybreak, figures released show.
The operator, which sells short breaks across the UK and Europe, said in its interim management statement for the period from October 2009 that it expected tough trading conditions in 2010 also.
Executive chairman John Coleman said: “The Group continues to demonstrate resilience in the current challenging economic conditions. Sales for the year to date are down 2% on the equivalent period in the previous year, reflecting capacity reduction in camping and a later booking pattern generally.
“Whilst trading in each of the Group’s divisions is encouraging, we expect the trading conditions over the coming year to remain challenging as a result of continuing economic uncertainty. The board anticipates that the group will perform in line with its expectations for the year ending 30 September 2010.”
Phil Davies
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