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TEMPUS

We’re still going on a summer holiday

The Times

The prospect of long airport queues, flight delays and malfunctioning baggage handling is hardly an enticing one for would-be travellers. Throw in the impact of the weak pound on the cost of an overseas trip and growing economic uncertainty and suddenly holidaying overseas does not seem quite such an attractive proposition.

Fortunately for Tui Group, not everybody thinks like me. Rather than a fall in demand, the Thomson and First Choice operator said summer bookings from the UK were at the same high level as last year.

The group even raised its forecast for full-year revenues — from growth of 3 per cent to “significantly more than 3 per cent” — and maintained its guidance for underlying earnings growth of at least 10 per cent.