Rush to old favourites as attacks hit sun sales
Published 01/04/2016 | 02:30
Falcon and Thomson owner TUI said holidaymakers are returning to old favourites such as Spain and the Canaries in the wake of recent terrorist attacks around the world.
The German travel giant said in a half-year trading update to the end of March that, in light of the recent terrorist attacks, demand for Turkey was "subdued", while travel restrictions for flights to Egypt's Sharm el-Sheikh also remain in place.
The travel industry has been shaken by a number of terror attacks in recent months in Brussels, Turkey, Paris, Tunisia and Egypt.
Last month TUI revealed that summer holidays to Turkey had fallen 40pc. It added that, due to consumer demand, it has shifted packages to alternative popular destinations.
The group said its long-haul routes were also growing in demand.
TUI stuck to its guidance of boosting full-year earnings by at least 10pc, sending shares up by 4pc in early trading in London yesterday.
Across the group it said summer holidays were 47pc sold, broadly in line with last year. Sales rose by 3pc, driven by a mixture of stronger bookings and a 1pc rise in average selling prices.