TUI reports growth in UK market share
TUI claims its ‘unique’ holidays have helped it grow its market share in the UK.
Releasing its first quarter results today, chief executive Peter Long said it expects underlying operating profit to grow by up to 10%.
"Across all our key markets demand for the overseas holiday remains strong, despite the overall economic environment.
"We are confident that our customer focused strategy is driving performance and based on current trading we expect to be towards the top end of our roadmap guidance guidance of 7 to 10% underlying operating profit growth for the 2013 financial year."
To see what else the chief executive had to say, click here.
In the three months to December 31, operating loss reduced by £16m to £93m, with underlying operating loss at £116m.
TUI said UK market share for summer 2013 was up 4%, and 2% in the key January booking period, gaining on a 7% increase in the same period last year.
Unique holiday bookings in the UK, Nordics and Germany increased by 15%, 10% and 6% year-on-year respectively for summer 2013.
Direct distribution sales were also up slightly for summer 2013, and now account for 90% in the UK, with online sales at 37%.
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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