Strong summer bookings have helped TUI Travel increase its underlying profit growth guidance for the year to at least 11% compared to last year.
The summer season also contributed to an 8% increase in revenue in the UK market, while the Nordics also saw revenue gains of 10%.
The company said 31% of its winter holidays for 2013/14 are already sold, with some capacity switched from Egypt to other destinations for the season.
Its unique holidays continue to drive sales with bookings for this type up 13%, with online sales now accounting for 48% of TUI Travel’s business in the UK.
“We are very pleased with our trading during the summer 2013 high season, with most of our programmes now almost fully sold. Our strong performance in the market continues to be driven by increased customer demand for unique holidays and higher levels of direct distribution,” said Peter Long, chief executive of TUI Travel.
“As a result of this successful strategy, we are now confident of achieving full year underlying operating profit growth of at least 11% on a constant currency basis and are well positioned to continue to deliver on our five-year growth roadmap,” he added.
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