Kuoni reports slump in booking levels
Kuoni’s UK bookings are down 30%, according to the group’s latest figures.
Figures for April 12, due to be revealed at an Annual General Meeting today, showed UK booking levels are down 30% in Swiss francs terms.
In pound sterling, they are down 11%.
The tour operator said its booking levels remain severely depressed by negative currency movements.
Booking levels for the group overall are down 23% below prior-year levels, or 12% down in local currency terms.
“This is a slight improvement on the booking figures published in mid-March 2009,†said a statement.
“The upward trend is attributable to a growing tendency among consumers to book later and at shorter notice.â€
At today’s AGM, shareholders will be asked to approve the re-election of the chairman of the Board of Directors Henning Boysen.
Board member David J. Schnell is also standing for re-election.
Both Board members would be elected to serve for a three-year term.
The AGM will also be asked to approve the distribution of a dividend of CHF 2.00 per Registered Share A and CHF 10.00 per Registered Share B.
By Bev Fearis
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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