TUI Group says it is on track for a 25% increase in annual earnings after a stellar summer for bookings.
The firm is forecasting profits will rise by a quarter on 10% revenue growth.
Summer 2024 bookings were up 6% to 14.7 million, and there has been a ‘promising start’ to the winter season, with bookings tracking 7% higher.
It says demand is growing for package holidays as flight and hotel costs continue to rise.
The gap caused by the bankruptcy of rival FTI has also helped TUI.
It confirmed the guidance is accurate for the full year which ends in September.
It is due to post its. full year results in December.
