Saturday, August 11, 2012

TRAVEL COMPANIES IN BIG TROUBLE


Rome

On 9 August 2012, it was reported that Tui Travel's profits have fallen 73%

Tui Travel is the world's biggest tour operator.

The BA and Iberia group has reported a loss and fuel costs have dragged Virgin into a loss and Cathay Pacific has suffered losses

Tui said its pre-tax profit fell to £3m in the three months to 30 June, down from £11m last year.



"Leisure companies and airlines in Europe have posted losses, or seen profits fall sharply this year, as people travel less amid gloomy economic conditions...

"According to a recent French survey, four out of 10 people in France will not go on vacation this year, one of the lowest readings ever recorded."



Thomas Cook slumps after reporting loss

Shares in Thomas Cook fell on 2 August 2012 after the tour operator released a trading update.

Thomas Cook revealed that it posted an underlying operating loss of £26.5 million in the three months to June 30, which is the third quarter of its financial year, from a profit of £20.1 million a year earlier.


London

Visitors stay away from London.

Angela Skelly, director of hotel room provider JacTravel, said: 'Compared with the same period last year, bookings for London are very substantially down...'

Some two-star establishments have slashed prices from £200 to £50.

Tom Jenkins, chief executive of the European Tour Operators Association, said visitor numbers to London are 'dramatically down' on a year ago.

Morocco - DON'T MENTION MOROCCO! RIOTS AND AIDS

Number of tourists from Iran visiting Turkey drop by 41 percent

Avoid Turkey.

Turkey has emerged as a nasty country, which exports terrorism.

A rebel fighter falls in Aleppo - but this one was from Istanbul

Don't say you were not warned.

And avoid Tunisia and Egypt, which are in total chaos.

THE END OF EGYPT

Tunisia's New Government Confronts Rising Discontent.

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