Economy

On the Beach founder Simon Cooper to step down as chief next year

Cooper, who founded the OTA in 2004, will be succeeded by the group’s chief financial officer Shaun Morton

Abta launches bespoke foreign exchange service for customers

Abta’s new Forex service, ABTA Travel Money, will offer customers a range of more than 60 currencies

Theresa May: UK government 'failed' the travel industry during pandemic

’You bore the brunt of Covid,’ ex-prime minister tells WWTC Global Summit in Riyadh

'It's time to talk about what cost of living means for people, not businesses'

In the lead up to Christmas, TTG is shining a spotlight on how people working in travel are coping as the cost of living crisis bites. Editor Sophie Griffiths reflects

Six in 10 travellers now keen to travel sustainably

New research by WTTC finds nearly half of travellers now likely to spend exclusively with socially and environmentally responsible brands

Aito and Advantage 'united in government lobbying effort'

Finding a home within government and simplifying confusing regulations named top priorities for the association and consortium at Aito conference

Brits to spend £300 less on holidays next year, survey finds

Two in five said they will choose not to go all-inclusive, while one in six said they will do fewer activities while on holiday

Why the bean counters are backing Jet2 to the hilt

‘What analysts think is important – just ask Liz Truss, who found out very quickly that losing the confidence of investors doesn’t make for a good career path,’ writes Gary Noakes for TTG

Jet2 crowned 'top pick in the travel space' for investors

Investment banks issue recommendations to buy Jet2.com and Jet2holidays shares after strong half-year result

Jet2 back in black despite ‘difficult return to normal operations’

Airline and operator reveals post-tax profit of £356 million for the six months to 30 September 2022

‘Strong consumer demand’ drives Qantas 2023 profit upgrade

The Australian carrier also expects its net debt to fall to $2.3 billion – $2.5 billion by the end of 2022

Travel groups warn about impact of future APD rises

UKinbound says increasing aviation tax will be “hammer blow”

‘Why more difficult decisions are likely after the Autumn Statement’

‘The real detail of the statement is not what’s said by the chancellor at the despatch box, but published by HM Treasury afterwards’

Brits ‘refusing to give up holidays’ despite cost-of-living crisis

New data has revealed three-quarters (76%) of British households preparing to go abroad in 2023 refuse to scrap their plans

Autumn statement a ‘pivotal point’ in travel’s recovery, says Abta

Abta and UKinbound set out a five-point plan on how the government can support the industry

Consumer spending on travel agents grows by nearly 50%

Last month, agent transactions grew by 44.6%, according to new data from Barclaycard

Ryanair's forward bookings ‘remain strong’ despite ‘adverse geopolitical events’

It comes after the carrier reported a half-year after-tax profit of €1.37bn, compared to a pre-Covid H1 profit of €1.15bn

Agents brace for 'steady' peaks as cost of living bites

January bookings bonanza unlikely as Brits weather cost of living crisis, agents tell TTG

Interest rates: What does the hike mean for travel?

Interest rates have risen to their highest rate since 2008. Today, TTG takes a look at what the implications are for travel

Bank of England hikes interest rates to 3%

Biggest single rise in cost of borrowing since 1989 confirmed

Travel's £80bn contribution to UK economy laid bare in new report

New research from Abta and UKinbound highlights travel’s contribution to employment and the economy

Celebrity ‘confident for 2023’ despite cost of living crisis

Celebrity vice-president and managing director EMEA Jo Rzymowska tells TTG that while customers are seeking ‘value for money’, the line is yet to see the cost of living crisis impact business

Did the 'mini-Budget' kill travel's hopes of a normal peaks?

TTG Agenda 2022 panel agree the success of January peaks will likely rest on the upcoming Autumn Statement after the ’unmitigated disaster’ that was Truss and Kwarteng’s ’mini-Budget’

UK breaks ‘provide less for more cost’, says On the Beach

On the Beach finds consumers dissatisfied with UK breaks because of cost and weather