Holidaybreak trading "broadly satisfactory"

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Date: Wednesday 23 Jul 2008

LONDON (ShareCast) - Short breaks holiday specialist Holidaybreak has seen revenue growth across all of its divisions, although the hotel division has recently experienced a slow-down in the UK.

The group said trading prospects for the current financial year remain “broadly satisfactory”, with year to date sales up 4% on last year.

The group is now booked at 93% of target sales with “some key selling weeks remaining”.

The recently formed Education division is the star performer of the group, with 2007/8 sales up 9% on a year ago. The division is already 40% booked for 2008/9 and showing a 3% year-on-year improvement in sales.

The Hotel Breaks division has seen bookings slow recently in the UK, especially in London, although this is traditionally a slack period for the UK capital.

The group noted this year there is no major exhibition such as Tutankhamun or the China Warriors to lure customers to London. Nevertheless, Hotel Breaks sales are currently running 3% higher than a year ago.

Adventure Travel sales are also up 3%, while sales intake for 2008/9 is currently up 4% year-on-year with the division 20% booked.

The Camping Division’s sales are up despite a 5% cut-back in capacity.

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