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TUI Travel share price climbs on upbeat trading update
Credit: Reuters/Valentin Flauraud Quotes LONDON (Reuters) – TUI Travel, Europe’s biggest tour operator by revenues, said bookings for its key summer period were progressing in line with its expectations, giving it confidence it would meet a target for annual profit growth of 7 to 10 percent. The British group, which owns the Thomson and First Choice holiday brands, said on Wednesday that average summer holiday prices were up by around 2 percent and customers were booking more trips online. “We have once again successfully demonstrated the flexibility and resilience of our business model enabling us to absorb the impacts of geopolitical events more effectively, including the ongoing turbulent political situation in Egypt,” Chief Executive Peter Long said in a statement. Customers have taken fewer holidays to Egypt in recent years due to turmoil in the country. (Reporting by Sarah Young ; editing by Kate Holton ) FILED UNDER:
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TUI Travel says summer bookings in line with expectations
You can read all of the First Lady’s posts at WhiteHouse.gov/First-Lady-China-Trip . Today is the last day of my trip, and I couldnt leave China without seeing the Chengdu Panda Base. Pandas are an endangered species — fewer than 1,600 pandas remain in the wild — and thats why a place like the Chengdu Panda Base is so important. Here at this base, scientists work to increase the panda population through breeding, conservation and researching how the bears live and grow. The base covers almost 600 square miles, and its located right in the heart of pandas natural habitat. The area surrounding the base is the only location in the world where you can find pandas in the wild and in a research center. Right now, there are about 50 pandas at the Panda Base ranging in age from infancy to full-grown adults. First Lady Michelle Obama, Sasha, Malia and Mrs. Robinson feed apples to Giant Pandas during their visit to Chengdu Panda Base in Chengdu, China. March 26, 2014. (Official White House Photo by Amanda Lucidon) We started our visit by viewing a group of five giant pandas who were about 18 months old, and we got to feed them (we attached apples to the end of a long stick, and they reached up and grabbed them with their hands and mouths). Next, we got to see some baby pandas that were about eight months old which are referred to as “yearlings,” a term used to describe pandas less than one year old. They were so tiny — like stuffed animals — and later, I got the chance to hold one of these little guys! Finally, we walked through an area filled with red pandas, a different, smaller species of pandas that look sort of like raccoons. As we learned about these pandas and their future, I also spent some time reflecting on their past. Believe it or not, pandas have actually played a leading role in world events over the past few decades through a custom known as “Panda Diplomacy.” Its a tradition that dates back at least to the seventh century, and over the past few decades, panda diplomacy has been part of how China has reached out to other nations. Since the 1950s, China has given pandas to countries like France, Japan, Great Britain, Mexico, and the United States. Its a goodwill offering a way to reach out and build a connection between two countries and their people. That was certainly the case when China first offered America pandas back in 1972. At that time, there was extremely limited contact between our two governments. From 1949, when the communist party assumed power in China, up until 1979, the United States did not officially recognize the government of the Peoples Republic of China. But in the early 1970s, President Nixon believed that we could rise above our differences and begin to open relations, so in 1972, he reached out to the Chinese and became the first U.S. President to visit the People’s Republic of China. On that trip, after Mrs.
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The First Lady’s Travel Journal: Pandas!
TUI Travel saw a strong online performance, particularly in Germany and the UK, with online booking up eight percent. Rising demand for unique holidays has continued and now accounts for 72 percent of mainstream summer bookings, up two percentage points. H1 guidance restated The robust trading performance has given TUI Travel confidence that it would deliver first-half results comparable to last year and meet its target for annual profit growth. We remain on track to deliver an H1 result broadly in line with last year, excluding the timing of Easter, and are confident of achieving a full-year performance in line with our target of growing underlying operating profit by seven to 10 percent, Long stated. Comparative periods for airlines and travel companies are often skewed by the timing of Easter, one of the key trading periods for the sector. Easter fell during TUI Travel’s fiscal first half in 2013, but this year falls in its second half. Its financial year runs From October 1 to September 30. On May 13, TUI Travel will announce its interim results for the six months ended March 31. In the first half of last year, the company reported an underlying operating loss of 274 million on revenues of 5.4 billion, where the figures included the Easter trading period ( Britain and The Nordics Boost TUI Travels H1 Results ).
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