The world’s largest tour operating business Tui Group is preparing to reveal better than expected profits in its full-year results this week.
A focus on long haul to counter the collapse of demand for holiday to terror-hit countries such as Egypt and Turkey is expected to be reflected in annual financial results being released on Thursday.
The group will also have been helped by a shift in capacity towards destinations in the western Mediterranean such as Spain together with a focus on cruise and own-brand hotels.
As a result, the Thomson and First Choice parent company is expected to top its own annual bookings growth targets of 10% in its full-year results with earnings around 13% higher than last year.
City analysts believe that pre-tax profits could rise by as much as 5% above last year to £929 million due to Tui’s limited exposure to terror-hit regions together with a surge in long haul holidays, The Telegraph reported.
Tui Group reported a strong performance from the UK in September with summer revenue and bookings up by 5%.
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