Europe's biggest tour operator cuts growth forecast

TUI latest travel firm to feel effects of terror attacks on travel demand

11th August, 2016
TUI says Turkey last-minute bookings doing well despite problems Pic: Getty

Europe’s largest tour operator TUI has cut its forecast for sales growth this year in a further sign that terrorist attacks are curbing growth in the travel industry, even as it maintained its outlook for increased profit.

Revenue will rise by about 2 per cent in the year ending September 30, down from an earlier prediction for growth of at least 3 per cent, the Germany-based company said in a presentation for analysts....

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