Spring is upon us, but the world of travel is as turbulent as ever. Here are five of the latest trends and surveys from the industry:
1) Kuoni has released its 2011 figures showing that it increased turnover by 28% to £3.52bn with profit rising from £16m to £23m. The company has attributed its success to its focus on the emerging markets of Asia and a new global focus. In May 2011 Kuoni bought Gullivers Travel Associates which it claims helped to boost profits.
2) Meanwhile Thomas Cook reported in March that its summer bookings are down by 2%. The group’s chief executive Sam Weihagen stated that the figures are “in line with expectations”.
3) 2012 could be the year of upgrades and longer stays for British holidaymakers according to new research by Leger Holidays. The survey revealed that the key trends for the year ahead will be an increase in upgrades, investing in comfort, travelling for longer periods and more people opting for experimental and different holidays. Leger has seen a 40% year on year increase in bookings of tours and holidays of 12 or more days.
4) The outlook doesn’t look so positive for family travel. According to research by Travel Weekly, 35% of parents are expected to spend less on holidays this year, 18% the same and only 15% more, with 30% expecting not to travel abroad this year. This could be attributed to perception of being worse off following the Budget announcement – 60% of respondents believe they have less to spend and 53% expected to be worse off after the Budget. The outlook was bright for under 35s with 28% expecting to spend more on travel this year.
5) Over 15m Brits plan to go on holiday in June to make the most of the extra- long Jubilee Bank Holiday weekend according to research carried out by Stansted Airport. Of the 15m of those who have already booked time off, more than 3m are planning to go abroad. Meanwhile, ABTA predicts one in ten Brits will take a holiday over the Queen’s Jubilee weekend. The 18-24 age group are most likely to extend the bank holiday with 12% taking time off in the UK or abroad.