TUI claims strong start to summer 2013 sales
TUI claims its early bookings for summer 2013 are outperforming the UK market.
Releasing a trading update today, it said early sales were particularly strong for its differentiated product.
Meanwhile, summer 2012 is “almost fully sold”, with "improved margins and load factors", said the update.
"High demand in the peak summer period, driven by our strategy of differentiated and exclusive product distributed online, has resulted in strong lates margins and load factors," added chief executive Peter Long.
TUI also reported an "encouraging start" to winter 2012/13 trading.
In its ‘Accommodation & Destinations Sector’ winter 2012/13 bookings are up 14% and sales are up 32% versus last year.
Long added: "We remain on track to meet our full year expectations, with strong underlying trading offset by the impact of re-translation of fourth quarter Eurozone earnings.
"Our continued outperformance in a challenging macroeconomic environment demonstrates our robust strategy is delivering clear results."
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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