“At least two new Casa Cook properties” will be among the new developments, which will open in addition to the 11 hotel launches planned for this summer.
In its half-year interim results, released this morning (Thursday), Cook reported revenues up 3% to £2,994 million, “reflecting strong winter demand to Spain and long-haul destinations”.
Seasonal underlying Ebit (earnings before interest and taxes) loss improved by £2 million to £177 million, and the seasonal loss for the period improved by £27 million to £272 million.
Net debt was reported at £794 million, a £34 million improvement “reflecting strong bookings for summer 2017”.
Thomas Cook sees bookings for Spain 'level off' in competitive market
Operators
Jennifer Morris
18 May 2017
Thomas Cook Group has seen bookings for Spain “level off” with Greece continuing to perform well, and has announced plans for a further 11 hotel openings in the next 18 months.
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