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Fiona Cincotta, a senior market analyst at uk, said: “Strong growth in winter bookings bodes well for the future, with demand in regions previously marred by terrorist activity, such as Turkey and North Africa, continuing to improve.” Sharm el Sheikh remains on the no-go list for British holidaymakers, though earlier this month it was revealed that David Cameron was on the brink of ending the ban on flying to Egypt's premier resort in June 2016.
The winter rise is attributed to hoteliers in the Canaries charging more, while for next summer the reason given is “input cost inflation” - partly due to high prices for Spanish accommodation, exacerbated by the devaluation of sterling after the EU referendum.
Peter Fankhauser, Thomas Cook’s chief executive, described 2017 as a “milestone year”, and said the firm will continue to move its accommodation portfolio upmarket: “We have a further 20 own-brand hotel openings in the pipeline for the next 18 months, while at the same time we will continue to manage for quality, removing properties from the portfolio which fall short of the standards we set.” Across Thomas Cook’s Europe-wide operations, revenue was £9bn with underlying profits of £330m, up nine and eight per cent respectively.
But after the EU referendum and his resignation as prime minister, the prohibition was never lifted.
For the current financial year the collapse of Monarch, a key competitor, will be positive for Thomas Cook.