Industry Update
External Article14 December 2018

A Rise In Hotel And Cruise Bookings

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bbc.com

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

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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.

Read the full article at bbc.com

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