CASH-STRAPPED FAMILIES CHANGE HOLIDAY HABITS; your money.
FAMILIES are changing their holidaying habits to still afford a break in the sun, the boss of travel giant TUI revealed yesterday.
Peter Long said bookings for stays of 10 or 11 days had jumped 24% while sales of traditional two-week breaks dropped by 7%. He put the change down to cash-strapped Brits trying different ways to save money and still get away.
This is confirmed by Thomson-owner TUI's sales of all-inclusive holidays, which let customers better budget their spending. They account for 46% of UK bookings in the six months to March.
Long said: "The UK consumer mood is not getting worse but there is a lot of pressure on incomes."
The trend emerged as TUI cut underlying half-year losses by pounds 15million to pounds 307m, 24 hours after Thomas Cook revealed losses jumped 35% to pounds 165.8m over almost the same period.
Like its rival, TUI has been hit by the unrest in north Africa, with the disruption costing it pounds 29m already.
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|Title Annotation:||Business; Opinion, Columns|
|Publication:||The Mirror (London, England)|
|Date:||May 11, 2011|
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