TUI Travel has sunnier earnings forecast because of extended wintry weather
Skift Take
The European tour operator is reducing its retail operations and trying to solicit more online bookings. Sometimes the business climate for TUI Travel seems colder and damper than a British winter.
TUI Travel Plc, Europe’s largest tour operator, said full-year earnings are likely to be higher than previously forecast after wintery weather that persisted until Easter boosted bookings from Britain to Scandinavia.
Annual operating profit will increase at least 10 percent, according to the Crawley, England-based company, which had said on March 27 the advance would be “towards the top
