Highlights from recent travel company announcements

Recent travel company announcements from Jet2.com, loveholidays, easyJet holidays and TUI show further positivity for the travel industry. Here are a few interesting highlights we've picked out.

If you would like more detail on this, please contact info@thettc.co.uk.

Transcript

1. We’ve been all ears for recent company announcements to understand how trading is going for the travel sector. Here are a few things we found interesting.
2. Source: Jet2 trading update - April 2023 “On sale seat capacity for Summer 2023 is currently 7.2% higher than Summer 2022... with the mix of package holiday customers representing just over 75% of total departing passengers and 5ppts higher than Summer 2022 at the same point.... over 40% of the Summer 2023 season plus the majority of Winter 23/24 still to sell”
3. Source: TUI press release - 21 April 2023 “TUI, has added a further 1.1 million flight seats for UK holidaymakers departing in summer 2024. Giving customers more flexibility with departing airports, destinations and holiday lengths, the new announcement means the season will be TUI’s biggest summer yet.
4. Source: easyJet trading update - April 2023 “We see continued strong booking momentum into summer as customers prioritise spending on travel.... easyJet holidays continues to benefit from strong UK demand, further upgrading its growth expectations to c.60% year on year (previously 50%). easyJet holidays is currently 80% sold for this summer."
5. Source: Travel Weekly - 3 April 2023 Source: Travel Weekly With the addition of its business in Ireland, loveholidays is “on track to more than double the number of passengers it will serve this year versus 2019” to more than three million. “We invested significantly in our technology platform during the pandemic, making it the quickest and most flexible in the market, and have worked hard to offer competitive deposit and payment options which are so important in the current economic climate.”