A Rise In Hotel And Cruise Bookings

A rise in hotel and cruise bookings has helped European travel group Tui sail through another year with more than 10% growth in profits.

It said next year, profits would grow a similar amount as customers also bought more excursions and holiday activities.

Tui has seen double-digit growth for the last four years.

Last month, smaller UK rival Thomas Cook reported a loss of £163m, blaming warmer summer weather for lower numbers of bookings.

"Our own holiday experiences content accounts for more than 70% of our earnings: hotels, cruises, excursions and destination activities. This enables us to clearly differentiate ourselves from the competition," said Fritz Joussen, Tui's chief executive.