'Growing demand' for long-haul holidays

31 March 2017 09:12

Tui says long-haul flights are becoming more popular

Tui says long-haul flights are becoming more popular

British holidaymakers are looking further afield for sun, sea and sand, a leading travel company has revealed.

According to the Tui Group, which is the owner of the Thomson brand, Britons are buying more long-haul holidays and cruises, in response to political turmoil and terror incidents.

Demand for trips to the Canary Islands, Spain and Cape Verde has gone up, while the group said summer holiday bookings are being driven by rising interest in the western Mediterranean and the Caribbean.

On the downside, the company noted that bookings to Turkey and Egypt have suffered on the back of an attempted army coup in the former and the downing of a plane in the latter.

This stands in contrast to the situation at rival Thomas Cook, which recently suggested that it had seen demand returning for Turkish and Egyptian holidays.

Travel insurance benefits

Wherever Britons choose to head to on holiday, trusted travel insurance can cover them against any unexpected mishaps along the way.

For instance, it can cover unforeseen issues such as flight delays or medical expenses.

Tui offers trading up date

Looking at the winter and summer periods respectively, the Tui Group said that its northern region (including the UK) witnessed 11% and 10% improvements in revenue.

Chief executive Friedrich Joussen said: " Whilst the impact of macroeconomic and geopolitical challenges is evident in certain source markets and destinations, our balanced portfolio of markets and destinations, our focus on growth in own hotel and cruise brands, and our strong balance sheet put us in a robust position."

Elsewhere in its trading update, Tui said 48% of its programme for the summer season has now been sold, while the same was true for 97% of its winter programme.

Mr Joussen added: " Overall, summer 2017 remains in line with our expectations, with almost half of the source markets' programme sold, further openings scheduled in our group hotel brands, and cruise ship launches in both TUI Cruises and the UK."

Tui concluded that it stands by its forecasts, indicating that it still expects 10% growth in underlying earnings over the course of this year.

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