Pichler sets limit to enter UK market

Report by Steve Jones

C&N TOURISTIC chief executive Stefan Pichler has vowed not to pay above the odds in its bid to enter the UK market.

He insisted he has set a ceiling price which will not increase – even if it scuppers any deals.

Pichler’s comments come despite predictions from analysts that C&N was closing in on acquiring full control of Thomas Cook as revealed by Travel Weekly on September 11.

Pichler declined to comment on any talks involving Thomas Cook or Airtours but stressed he would not be rushed into a deal.

Pichler also told delegates at the ABTA convention in Kos that one in ten holidaymakers will book their holiday through the Internet within five years.

He predicted it will change consumer’s buying habits and said 10% of the operator’s business will be driven through the Web by 2005