Turnover down for Kuoni UK classic tour operating
Kuoni UK’s classic tour operating saw turnover fall in the first half of 2007, but overall performance was boosted by newly-acquired specialist operators.
Announcing its half-year results, the group said overall turnover for the UK was up 12.9% on the previous year.
Meanwhile, earnings before interest and taxes (EBIT) for the UK was CHF 22.9 million, only slightly up on the CHF 22.7 million of January to June 2006.
The Kuoni Group as a whole saw first-half profits fall 57% to CHF 3.5 million “because the prior-year result included the release of a CHF 10 million provision for taxes in the UK which was no longer required”.
Looking ahead, booking levels for August 19 were 13% above their 2006 equivalents in Swiss-franc terms, it said.
Year-on-year, UK bookings are up by 15%.
It said group EBIT for July, which accounts for over a third of total EBIT for the year, was “largely in line with the highly favourable result achieved for July 2006, strengthening Kuoni’s confident outlook for 2007 as a whole”.
But it added: “While prospects are promising in booking-level terms, however, precise full-year projections remain difficult to make, given the markets’ present volatility.”
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.
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
ADS PRO 
TAP Air Portugal to operate 29 flights due to strike on December 11
Qatar Airways offers flexible payment options for European travellers
Airbnb eyes a loyalty program but details remain under wraps
Air Mauritius reduces frequencies to Europe and Asia for the holiday season
Major rail disruptions around and in Berlin until early 2026