Kuoni UK suffers ‘depressed demand’

Tuesday, 11 Nov, 2008 0

 

Kuoni Group today admitted its UK arm was facing weakening demand in the face of the economic downturn.

Revealing group third quarter earnings before interest and taxes (EBIT) up by 8.2% to CHF 105.8 million, the operator said “the already-advanced economic crisis and the resulting consumer restraint continued to depress demand” in the UK.

Nine-month EBIT increased by 15.7% to CHF 119.7 million for the Swiss-based group.

Kuoni acquired Australian Tours Management and UK-based luxury tour operator Carrier in the third-quarter period ending September 30.    

“Strategic Business Units Scandinavia, Switzerland and Asia and Destination Management were the prime contributors to the encouraging turnover and earnings rises of the first nine months,” the company said.

by Phil Davies 

 

 



 

profileimage

Phil Davies



Most Read

Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know

Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham

Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago

Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research

Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact

Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference

Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role

Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal

Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination

Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness

Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future

Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
TRAINING & COMPETITION
Skip to toolbar
Clearing CSS/JS assets' cache... Please wait until this notice disappears...
Updating... Please wait...