thomas cook says demand picking up for egypt holidays
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Thomas Cook says demand picking up for Egypt holidays

Arab Today, arab today

Arab Today, arab today Thomas Cook says demand picking up for Egypt holidays

File photo: Egyptian Red Sea resort of Sharm el-Sheikh (Photo: AP)
Egypt - Arab today

British travel group Thomas Cook said Thursday that demand for holidays in Egypt is picking up again, after unrest in the North African nation had pushed holidaymakers into choosing rival sun spots.

 

Thomas Cook said the improvement, along with especially strong demand for bookings to Greece, is helping to offset persistent weakness for holidays in Turkey, which last year suffered an attempted coup and deadly bombings.

The update came as Thomas Cook announced flat revenues and losses for its first quarter, or three months to the end of December.

"Continued reductions in bookings to Turkey have been more than offset by strong demand for Greece," the company said of its holidays for summer 2017.

"We have also grown bookings significantly to a number of smaller European destinations including Cyprus, Bulgaria, Croatia and Portugal, and we have seen a strengthening of demand for Egypt and Morocco."

Thomas Cook, along with other UK travel groups and airlines, last year canceled flights to the Egyptian resort of Sharm El-Sheikh.

This was after the crash of a Russian airliner near the Red Sea holiday destination in late 2015 that killed all 224 people on board.

Investigators have concluded it was downed by a bomb and the Islamic State group has claimed responsibility.

The UK Foreign Office meanwhile is sticking to its advice of warning Britons "against all but essential travel by air to or from Sharm el Sheikh".

Thomas Cook typically posts a loss during its first half ahead of the peak demand season coinciding with the northern hemisphere summer season.

"Key will be the summer season coming up, when the real money is to be made," said Neil Wilson, senior market analyst at ETX Capital.

"Bookings are already nine percent ahead of last year, which ought to offer some comfort."

Laith Khalaf, senior analyst as stockbroker Hargreaves Lansdown, said the good news for Thomas Cook was that its recent tough trading period does not appear to be worsening.

"Like-for-like revenues and losses were broadly flat on last year, which probably represents a small victory against such a competitive backdrop," he said.

"Times are tough in the European travel industry," Khalaf added in a client note.In early deals, shares in Thomas Cook tumbled by about 6.0 percent, sending it to the bottom of London's second-tier FTSE 250 index, as investors found only small comfort in the group's outlook

Source: Ahram online

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

thomas cook says demand picking up for egypt holidays thomas cook says demand picking up for egypt holidays

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

thomas cook says demand picking up for egypt holidays thomas cook says demand picking up for egypt holidays

 



GMT 12:11 2017 Thursday ,27 July

Tony Baroud to present new TV show

GMT 23:00 2017 Monday ,16 October

Egypt FM to head for Slovenia on Monday

GMT 20:06 2017 Friday ,20 January

Daesh in new demolitions at Syria’s Palmyra

GMT 21:06 2017 Friday ,24 November

Marriyum condemns Hayatabad terrorists attack

GMT 01:00 2017 Saturday ,25 November

Cabinet Affairs Minister Meets Indonesian Ambassador

GMT 02:34 2018 Thursday ,04 January

Merger creates state-owned gas giant

GMT 10:08 2017 Tuesday ,07 March

Geneva farce: The regime is the opposition

GMT 10:19 2017 Saturday ,18 November

AJK Prime Minister condemns across LoC shelling

GMT 11:34 2017 Wednesday ,22 March

33 Syrians killed in Air raid on Raqqa’s school

GMT 11:03 2017 Wednesday ,01 March

Asala declares her solidarity with George Wassouf

GMT 17:57 2017 Wednesday ,11 October

Mideast nations turn to private sector

GMT 14:11 2016 Wednesday ,30 November

Tunisia wins billion-dollar pledges to boost economy

GMT 23:41 2017 Tuesday ,26 September

Qatar laborer ‘sacked’ after speaking to UN team

GMT 04:28 2017 Tuesday ,21 March

Enrique Iglesias to headline Bahrain F1
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday