Page 14 - WTM Industry Report

David Scowsill, former WTTC President and Chief Executive, commented: “For the sixth successive year, growth in the sector outpaced that of the global economy. The outlook for business and leisure travel in 2017 remains robust. Over the longer term, growth of the Travel & Tourism sector will continue to be strong, as long as governments continue to invest in the necessary infrastructure.”
Furthermore, the Tui Group is predicting a 10% growth in pro ts for the full year, despite the impact of Hurricanes Irma and Maria.
It suggested that overall performance is positive, with revenues booked to date up 7%
and customer volumes up 3% year-on-year. It experienced good growth in bookings for Cape Verde, Cyprus, North Africa and Thailand, although they are seeing some impact on demand for some parts of the Caribbean and Florida as a result of the recent devastating hurricanes.
In the UK, booking and selling price performance are in line with Tui’s expectations, given the very strong start in prior year trading (when bookings were up 22%) and impact of currency in ation on selling price.