TUI on track to meet high growth targets
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In a pre-close trading statement the group said it hoped to post a 7-10% growth in underlying operating profit for the 2013 financial year.
Its winter 2012/13 has ended strongly with UK and Nordic bookings up 9% for summer 2013, while demand for its ‘unique holidays’ are up 15%. Its accommodation wholesaler has seen a 10% increase for summer with 46% of its mainstream summer holidays sold.
“We have a clear roadmap for growth built upon a deep understanding of our industry and customers,” said Peter Long, chief executive of TUI Travel. “Our strong operational performance over winter means we will deliver reduced winter losses. This very strong trading has continued into summer 2013, leaving us well placed to achieve a full-year performance towards the upper end of our growth targets.”
TUI will make its next trading update on 10 May 2013.