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Travel industry news

05 Oct 2018

BY James Chapple


Teletext Holidays recruits former Monarch Holidays boss amid record year to date

Former Monarch Holidays boss Richard Francis has joined Teletext Holidays joint venture partner Truly Travel.

Teletext Holidays.jpg

Teletext Holidays recruits former Monarch boss amid record year to date

The OTA has made two senior appointments amid what looks set to be a record year for the company, with huge spikes in bookings for Egypt and Turkey.

However, boss Wayne Perks said the company was not resting on its laurels, warning “Brexit headwinds” were creating significant market uncertainty.

Teletext has meanwhile installed Sarah Newton as marketing director, while Francis joins Truly Travel as its new finance director.

Newton arrives from Love Holidays, while Francis was previously finance director and managing director at Monarch Holidays.

“Adding the experience and expertise of Sarah and Richard to our senior management can only be a positive as we prepare for continued growth in 2019,” said Perks, Teletext managing director.

The new appointments, Teletext says, are vital with the OTA set to deliver record bookings year-on-year, fuelled by increasing demand across new sectors of the UK outbound travel market. These include family travel, long-haul, all-inclusive and affordable luxury.

All-inclusive bookings are up 23%, with Egypt (+109%) and Turkey (+57%) among the top performances as confidence in the eastern Med continues to return.

Long-haul destinations have also performed well for Teletext; US bookings are up 55%, with New York City (+205%) and Orlando (+32%) leading the way. Mexico is up 46% and Dubai 39%.

Family bookings, meanwhile, are up 17%, with Turkey, the Canaries and Balearics proving popular family destinations.


'Brexit headwinds mean purchasing habits are adapting'

'Brexit headwinds mean purchasing habits are adapting'

Perks said it was now vital the company maintains focus heading into Q4 amid an uncertain economic climate.

“While our numbers tell us Brits still want to be taking holidays and are planning ahead in to 2019, the Brexit headwinds mean their purchasing habits are adapting,” said Perks.

“The increase in all-inclusive holidays, for example, indicates they want to de-risk their exposure to currency fluctuations next year... and be able to budget with confidence.”

Perks said while Teletext’s core destinations - Spain, Portugal and Greece - all grew this year, he was pleased with the number of customers taking advantage of new flight capacity for Tunisia, Turkey and Egypt.

“Alongside the economic uncertainty, and the unknowns of Brexit, and given the impact the warm weather the UK enjoyed during the summer has reportedly had on the market, our numbers for the year to date are particularly pleasing,” Perks added.

“If we maintain our current momentum, 2018 will be a record year for Teletext Holidays. The team has worked very hard.”

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