Printer Friendly

CASH-STRAPPED FAMILIES CHANGE HOLIDAY HABITS; your money.

Byline: CLINTON MANNING

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.
COPYRIGHT 2011 MGN LTD
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2011 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Business; Opinion, Columns
Publication:The Mirror (London, England)
Date:May 11, 2011
Words:169
Previous Article:NO EASY PROFITS; your money Edited by CLINTON MANNING.
Next Article:We love telly; PICK OF THE DAY.
Topics:

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters