TUI Travel, which is the parent company of Thomson and First Choice and the largest tour operator in Europe, has boosted its sales performance due the strong bookings in UK. The company reported that its sales for summer increased by 4 per cent compared to the last year and the bookings in the month of January alone have been up by 2 per cent.
Even as the debt crisis of the Eurozone is continuing, a 9 per cent increase for the summer bookings in UK, and also a 10 per cent increase in the Nordic regions have for sure helped to counteract the falling demand in regions such as France and Germany.
TUI Travel stated that it has already sold out around a third of its summer holidays. However, the company reported a 12 per cent increase in its loss for the last three months in 2012.
Similarly, Thomas Cook has also reported increase in its sales in the region. The world’s oldest travel group has actually been struggling hard ever since the start of the economic downturn.