TUI focuses on 'safe' destinations after Turkey and North Africa terror attacks

Thomson and First Choice owner TUI has reacted to the impact of terror attacks on bookings in Turkey and north Africa by focusing on safer destinations such as Spain.

Thomson owner TUI revealed its long haul destinations have performed well
Thomson owner TUI revealed its long haul destinations have performed well

Shares have risen by 2% after the travel firm revealed in a pre-close trading update for the six months ending March 31 that its revenues for the winter season were up 3% with a "particularly good performance" in the Canaries, Spain and long-haul destinations.

TUI admitted there has been "subdued" demand for bookings to Turkey. The country has fallen victim to a number of bombings of late, while travel restrictions remain in place at Egypt's Sharm El Sheikh resort following the downing of a Russian airliner in October.

The company said: "Consumer sentiment continues to be adversely impacted by geopolitical events in Egypt and Turkey."

TUI chief executive Friedrich Joussen added: "The group has again demonstrated the flexibility of its business model and the ability to remix destination capacities to match demand and as a result demand and pricing has remained resilient overall despite the impact of geopolitical events."

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