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Tui Travel Share News (TT.)
Share News for Tui Travel (TT.)
| Share Price: 365.50 | Bid: 365.30 | Ask: 365.60 | Change: -7.70 (-2.06%) |  | ||||||
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Germans cautious on cruise bookings - assn
Fri, 2nd Mar 2012 14:01
FRANKFURT, March 2 (Reuters) - Germans, the world's largest spenders on foreign holidays, are
'Of course such a serious occurrence will have an effect,' DRV president Juergen Buechy told journalists. 'We will see slower growth in cruise bookings this year as a result, but over the medium to long term we believe cruises will continue to grow in popularity.'
After the capsizing of the Costa Concordia off an Italian island, killing at least 25 people, cruise bookings tumbled. A further Costa Cruises ship was left stranded in the Indian Ocean after a power failure this week, adding to woes for the company, a unit of Carnival Corp.
Buechy also said bookings to Greece were down on last year, although he did not believe recent animosity from Greece towards Germany over the southern European country's bailout would result in German holidaymakers finding themselves the target of trouble.
'But there is a question mark over bookings to Greece, it remains to be seen whether bookings will pick up later in the season.'
TUI Travel, Europe's largest tour operator, said last month that bookings to Greece from Germany were down 27 percent for the summer season.
In 2011, Germans increased spending on foreign holidays by 1.8 billion euros to almost 61 billion euros ($81.3 billion), the DRV said, with a further increase expected for this year.
'The crises have not affected the wanderlust of Germans,' Buechy said. ($1 = 0.7501 euros)
(Reporting by Victoria Bryan; Editing by Mark Potter) Keywords: GERMANY/CRUISES
(victoria.bryan@thomsonreuters.com)(+49 69 7565 1235)(Reuters Messaging: victoria.bryan.thomsonreuters.com@reuters.net)
COPYRIGHT
Copyright Thomson Reuters 2012. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
FRANKFURT, March 2 (Reuters) - Germans, the world's largest spenders on foreign holidays, are
being more cautious with cruise bookings after the Costa Concordia disaster, German travel association DRV said on Friday.
'Of course such a serious occurrence will have an effect,' DRV president Juergen Buechy told journalists. 'We will see slower growth in cruise bookings this year as a result, but over the medium to long term we believe cruises will continue to grow in popularity.'
After the capsizing of the Costa Concordia off an Italian island, killing at least 25 people, cruise bookings tumbled. A further Costa Cruises ship was left stranded in the Indian Ocean after a power failure this week, adding to woes for the company, a unit of Carnival Corp.
Buechy also said bookings to Greece were down on last year, although he did not believe recent animosity from Greece towards Germany over the southern European country's bailout would result in German holidaymakers finding themselves the target of trouble.
'But there is a question mark over bookings to Greece, it remains to be seen whether bookings will pick up later in the season.'
TUI Travel, Europe's largest tour operator, said last month that bookings to Greece from Germany were down 27 percent for the summer season.
In 2011, Germans increased spending on foreign holidays by 1.8 billion euros to almost 61 billion euros ($81.3 billion), the DRV said, with a further increase expected for this year.
'The crises have not affected the wanderlust of Germans,' Buechy said. ($1 = 0.7501 euros)
(Reporting by Victoria Bryan; Editing by Mark Potter) Keywords: GERMANY/CRUISES
(victoria.bryan@thomsonreuters.com)(+49 69 7565 1235)(Reuters Messaging: victoria.bryan.thomsonreuters.com@reuters.net)
COPYRIGHT
Copyright Thomson Reuters 2012. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
UPDATE 2-Thomas Cook flags return to dividends after refinancing
* To raise 425 mln stg via rights issue and placing* Expects to raise 441 mln stg in bond issue* Agrees new 691 mln stg banking facility* H1 pretax lo[16 May '13]
UPDATE 2-TUI AG CEO shakes up group in drive for dividend
* Cuts costs at TUI AG headquarters in Hanover* Underperforming hotels, cruises to be restructured* Sees underlying EBITA of around 1 bln eur by 2014/[15 May '13]
TUI AG CEO says no plans for merger with TUI Travel
FRANKFURT, May 15 (Reuters) - TUI AG has no plans to merge with London-listed unit TUI Travel, the German company's chief executive said on Wednesday.[15 May '13]
TUI AG cuts costs in drive to pay out dividends
FRANKFURT, May 15 (Reuters) - German tourism group TUI AG will cut costs and align its hotels business more closely with that of unit TUI Travel as p[15 May '13]
UPDATE 1-TUI Travel sees strongest summer demand in six years
* Says 58 percent of summer holiday programme sold* Sees full-year profit rising by at least 10 percent* Posts first-half operating loss of 289 mln po[10 May '13]
TUI Travel says strong summer to drive 10 pct profit rise
LONDON, May 10 (Reuters) - TUI Travel, the world's largest tour operator, forecast a full year profit rise of at least 10 percent, driven by strong t[10 May '13]
UK's Thomson Airways to start Dreamliner flights in July
LONDON, April 30 (Reuters) - TUI Travel's Thomson Airways said it would start using its first Boeing Dreamliner on services from Britain to the Unite[30 Apr '13]
Irish firm eyes stake in UK aviation air traffic control
DUBLIN/LONDON, April 19 (Reuters) - Ireland's semi-state air traffic control operator said it had expressed an interest in buying a stake in its Briti[19 Apr '13]
