Finance

On the Beach reports sales uptick despite 'unpredictable' year

In the second half of the 2022 financial year, group sales were 25% ahead of the same time in 2019

Caribtours joins ID Travel Group to boost product offering

The UK management team under chief executive Paul Cleary will retain control of the day-to-day running of the company

Profit warnings issued in 2022 by travel companies 'already double 2021’s total'

Rising costs featured in more than 66% of the warnings issued by companies in the sector in Q3 2022

Confidence plunges to 'historic low' amid cost of living crisis

The Deloitte Consumer Tracker reveals UK consumer confidence fell for a fifth consecutive quarter in Q3 2022

Abta urges new chancellor to extend business rates support

The association has written to Jeremy Hunt ahead of the fiscal statement on 31 October

TTNG offers members financial tools to combat cost of living crisis

Tips include negotiating better deals with banks, landlords and utility suppliers

Tourism reports ‘sharpest fall in output’ of any UK sector in September

It comes as consumers rein in discretionary spending due to rising inflation, according to Lloyds Bank

Loganair returns to profit after two years of Covid-induced losses

The Glasgow-based company released its audited accounts for the financial year on Wednesday (19 October)

Lo Bue-Said: ‘Govt chaos hampering travel’s Covid recovery’

The chief executive of The Advantage Travel Partnership said the government’s U-turn on VAT will be a ‘huge knock’ to small UK travel businesses

Canaries invites Brits 'to trade in central heating for winter sun'

Depending on when and where customers fly from and how long they stay for, UK billpayers could "save money" by staying in the Canary Islands

Ambassador joins Abta and updates financial protection arrangements

Chief executive officer, Christian Verhounig, said: ’At the heart of the Ambassador Cruise Line proposition is one objective, to prioritise the guest’

Inspire Group gives staff two hours off to help improve mental wellbeing

An extra hour in the morning and one in the evening will help agents and staff improve on their sleep, the group said

Leger Shearings Group acquires Arena Travel out of administration

The group confirmed Arena staff will retain their jobs and the firm’s bookings will go ahead

Abta says energy bills help ‘may not be enough’

Abta has urged the new chancellor to give sector-specific help to travel as it emerges from the pandemic

Cost of living crisis inspiring uptick in eco-friendly travel

New study reveals 89% of adults have made changes to their holidays, which both save money and prove more environmentally friendly

Govt launches review of CAA's 'effectiveness and efficiency'

Key areas of focus will be the organisation’s effectiveness, efficiency, accountability and governance

Membership organisations move to ease cost of living pressures

Abta, Aito and Advantage to allow members to pay in instalments to help alleviate growing cost of living crisis concerns this winter

Wizz Air appoints new group chief financial officer

It comes after the airline’s current group chief financial officer Jourik Hooghe decided to step down to pursue ‘other opportunities’

Majority of Brits to travel this autumn despite cost of living pressures

Tripadvisor’s Autumn Travel Index revealed more than two-thirds of UK holidaymakers will travel this autumn despite ongoing inflation

Travel records fastest fall in output activity of any sector in July

It comes as consumers rein in discretionary spending as the cost of living soars

Virgin Voyages secures $550m investment to support growth plans

he funding was led by accounts managed by BlackRock and includes new external financing and additional capital from existing investors

Global travel prices expected to increase next year

Air fares, ground transportation costs and hotel rates will continue to rise this year and into 2023, according to new data

Consumer travel spend takes July dip as inflation rises

Despite spending with agents and airlines growing in July, both categories were down by 4% and 3% month-on-month

Spain plays down reports of 'new' proof of finance rule

The country’s tourism office said the requirement for visitors to show they have enough money for their stay is ’not a new rule’ and is not exclusive to Brits following stories in the national press