RE: Going Down4 Jun 2019 11:46
Veteran10, indeed, people are still going on holiday, but that is not the issue.
Taking myself as an example - married and kids, a good disposable income and a couple nice holidays a year. Yet when I look at holiday options from TUI, there's nothing I'd consider apart from their last minute deals, which won't be profitable for them. I can get better accommodation by searching the many available sites for a hotel/villa and at a much better price.
The internet savvy generation coming through will do things very differently to the package holiday generation - this will and is already having an affect on TUI & Thomas Cook. They may blame Brexit and the 737, but long-term they have greater issues. TC is dead. TUI may survive in some form, but the charts are only going one way.