Wednesday April 8, 2020

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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