TUI Travel Announces Increase in 2013 Booking

TUI Travel, a UK-based travel company, has reported increased bookings for the 2013 summer holidays.

The company has reported an 8 percent increase in annual pre-tax profits from its UK businesses in the year ended September 30, 2012. The company has also reported that early bookings for the summer of 2013 have shown an increase of between 9 percent and 16 percent in Northern European markets.

The company has reported an outstanding performance in the UK, with a record operating profit of £197m in 2012, compared to £149m in 2011, and operating profit margins of 5.4 percent in 2012, a rise from 4.2 percent in the prior year.

Peter Long, the chief executive officer of TUI Travel, said, ‘The year has been one of many successes. We have delivered record Group profits while the UK achieved outstanding results both in terms of profit and margin all against a backdrop of continued economic uncertainty.

Our proven strategy continues to evolve and drive strong trading momentum throughout the Group. Overall, with the exception of France, trading for both Winter 2012/13 and Summer 2013 is very encouraging.

We are today pleased to announce the next stage of our strategic development. This roadmap for growth, built on our detailed understanding of the market and robust business models, means that we are well placed to continue to deliver long-term sustainable growth, which in turn, will drive further value for both our shareholders and our customers.’

Calum Macdonald, the e-commerce manager at Holiday Hypermarket, a subsidiary of TUI Travel, said, ‘All-inclusive package holidays provide great control for people who are managing their budgets carefully and who want to get their money’s worth on a luxury holiday to a well-known summer destination.

We’re pleased with the volume of holidays that have been booked this winter, and we’re looking forward to what – according to trends – looks like a strong summer season next year.’

TUI Travel Results Boosted by British Travellers

TUI Travel PLC (LSE: TT), a UK-based travel company, has reported that travel bookings in the UK market have increased in the third quarter of 2012, ended June 30, 2012.

The company, considered to be one of the major players in the travel sector in the UK, has reported that 63 percent of its bookings are from the UK for the summer of 2012, up by 7 percent from last year.

Peter Long, the chief executive officer of the company, said, ‘We are pleased with our performance, driven by our strategy of differentiated and exclusive product with a focus on online distribution. We are significantly outperforming the market in the UK.

Summer 2012 volumes have improved in most key markets since our last update. We are seeing strong demand and lates margins for the peak summer period. Our Winter 2012/2013 programme has had an encouraging start.

We are confident of exceeding our full year expectations based on like for like exchange rates, however, the impact of retranslation of fourth quarter Eurozone profits at current exchange rates leaves us to believe we will perform in line with our expectations for the full-year.’

For the 2012 winter season, the company has reported flat UK bookings, in line with capacity, with the average selling price up by 3 percent from the same period in 2011, and differentiated bookings up by 9 percent more than in the same period of 2011.

The company has reported a total operating profit of £74m on revenues of £3.9 billion in the third quarter of 2012, compared to a total operating profit of £88m on revenues of £3.7 billion in the third quarter of 2011.