Holidaybreak has announced its overall group sales since October 1 are 6% ahead of last year.
In an interim management statement made before this afternoon’s annual general meeting, Holidaybreak chief executive Carl Michel added the group was in a sound financial position and expects to deliver “industry-leading” margins.
The results have been driven by the group’s educational division which was created last year following the acquisition of both PGL and NST and which now accounts for 24% of all the group’s revenue. To date the division is 78% booked for 2008 and 19% booked for 2009.
Hotel Breaks is currently 8% ahead of last year, Adventure Travel sales are 3% up while camping sales are 1% ahead of last year following a 5% reduction in capacity.
Michel said: “Holidaybreak has started 2008 well, with the group’s trading in the current financial year in line with our expectations.
“With the addition of the education division, the group has been expanded while retaining its specialist focus. We are market leaders in our sectors, each of which continues to demonstrate resilience. We look forward to another successful year.”
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