Thomson and First Choice increase market share
Thomson and First Choice are reporting an increase in market share at parent company TUI’s half year results.
‘Unique’ holidays which includes brands such as Couples, First Choice Holiday Village, Thomson Platinum and Thomson Sensatori have seen a 15% increase since last year.
Summer 2013 sales in the UK up 13% with 58% sold with improved margins.
Online bookings are still accounting for less than half of bookings, at 42% of sales up 1% from last year, while direct distribution has also increased by 1% to 91% of sales.
UK underlying operating loss has been reduced by £22 million to £103 million while overall Tui Travel has cut losses by £43 million to £274 million for the six months to March.
Revenue was up 5% in the UK
Peter Long, chief executive of TUI Travel PLC, said: "Our drive to Modern Mainstream is contributing significantly to our outperformance in a number of markets where we are achieving strong booking volumes and improved margins.
"Given current trading and the visibility we have within our businesses we anticipate full year underlying operating profit growth of at least 10% on a constant currency basis."
- Thomson is introducing a MyThomson app – a ‘one stop shop’ with flight information, maps, destination guides.
The MyThomson app will act as a blueprint that will be rolled out to other TUI Travel brands across Europe.
Johan Lundgren, deputy chief executive of TUI Travel, said: "TUI Travel is an online driven business and we will continue to enhance our mobile offering."
Diane
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