Thursday, 11 August 2011

TUI profits from boom in all inclusive holidays

British holidaymakers are opting for more all inclusive holidays in order to budget properly and avoid missing out on their treasured foreign holidays, according to Tui Travel.

Tui Travel also suggest that they are benefiting from 'empty nest' customers who are able to travel at less popular times compared to families who are often restricted to school holidays.Trips to Spain have also proved particularly popular with Tui Travel Customers. Chief Execuitve, Peter Long is happy with the shift from North African holidays to the traditional holiday destination:

"The impact of north Africa was to increase our programmes to Spain where the company has an historical relationship with large hotel groups. That has proved to be a great strength because that is where our customers want to go. All the Spanish islands have proved very popular."

All inclusive holidays accounted for half of Tui Travel's sales, equivalent to 2.5 million Britons per year. Operating profits for Tui Travel stand at 88 million in its third quarter to June 30th.

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