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Finance

Spending with agents and airlines continues to outpace all other sectors
Transaction growth with airlines and travel agents highest of all sectors in May, according to Barclays
Quarter of Brits avoiding travel insurance due to cost, data finds
Around 3.2 million British tourists said they didn’t get travel insurance as it is too expensive
Ryanair grows market share ahead of ‘largest-ever’ summer schedule
Chief executive Michael O’Leary forecast ‘enormous growth opportunities’ as the budget carrier posts its financial results for the year to 31 March
Brits spending £200 on pre-travel services, new data reveals
Advantage Travel Partnership chief executive Julia Lo Bue-Said said the newly published data highlighted the importance of outbound travel for the UK economy
Travel rebounds again in April but sector’s recruitment woes continue
According to Lloyds Bank, travel and hospitality were less concerned about the future impact of inflation, and more optimistic about future output growth
Long-haul among On the Beach’s fastest growing divisions
Chief financial officer Shaun Morton told TTG on Tuesday (16 May) the previously untapped long-haul market now comprises 8% of On the Beach’s total business
On the Beach reaps rewards of spike in average booking prices
The OTA revealed record first-half total transactional value of nearly £500 million on Tuesday (16 May)
Not in the Guidebooks boss calls on agents to 'join the journey'
Founder Carol Savage told TTG the operator’s crowdfunding campaign would help it expand its team with four new positions
Not in the Guidebooks renews invitation to agents to invest in business
Operator’s founder Carol Savage said on Monday (15 May) agents would be able to invest from as little as £127 to own part of the business
Thomas Cook pensions saved following Aviva deal
Former Thomas Cook employees will see their pensions paid as normal following deal with insurance giant
Brits continue to prioritise holiday spending despite inflation
Spend with airlines increased by 32.1% year-on-year in April, a slight uplift compared with March (28.5%)
Holiday spending outperforms all other UK sectors in March
Spending on holidays and travel continues to see year-on-year growth, according to new stats from Nationwide
BA parent's Air Europa bid reportedly set to face lengthy EU probe
The deal may even be blocked over fears it could lead to higher ticket prices
Vertical Travel Group homeworker earnings doubled in past year
Business development director Damian McDonough told TTG on Sunday (23 April) it’s not a matter of how many agents Vertical has, but how much they earn as individuals
Holiday Extras reportedly considering stock market floatation
Holiday essentials firm mulling a move to go public five years after it staged a management buyout, Sky News reports
Tourism sector one of the UK's ‘strongest performing’ industries
Strong activity in the sector follows a recent surge in holiday bookings, Lloyds Bank reported
Rebound in travel spend vastly outstripping other sectors
Spending on travel increased by nearly a quarter year-on-year in March and with agents by nearly a third as consumers continue to prioritise travel over other areas of non-essential spend
Experience Travel Group merges with Holiday Architects to create new group
The specialist operators will come together under the ownership of a new umbrella company
Customers confident finances will be unaffected in 2023, Aito reports
The majority of customers are also prepared to pay more for a better holiday experience, Aito executive director Martyn Sumners reported
Industry warned proposed Atol reforms will up costs 'for every holder'
The Association of Atol Companies (AAC) said proposed changes to the Atol scheme will ’fundamentally alter’ the ability of some holders to continue trading
Price pressures on travel and tourism ease as UK economy grows
More UK sectors reported an increase in output than at any time in the past 10 months in February, according to the Lloyds Bank UK Sector Tracker
Seabourn confirms sale of Seabourn Odyssey
The line will operate all published voyages until 22 August 2024
Trade fights back after fraudsters target agents during rebound
Agents and operators have been urged to be vigilant to cybercrime and attempts at fraud as criminals target peak booking periods post-Covid. Debbie Ward reports
Portugal's flag carrier fires its two top bosses in payment row
TAP Portugal fires Christine Ourmieres-Widener and chair of the board