Online growth slowing at TUI Travel
(16 May 2008) The growth in TUI Travel's UK online business slowed in the six months to the end of March 2008, according to chief executive Peter Long.
Long told analysts this week: "Distribution through controlled channels [for UK mainstream] is about 75%, marginally higher for retail than online. Online is running at about 35%. It´s building, but it has slowed.´
TUI declined to comment further.
TUI Travel´s statement to the London Stock Exchange did highlight a strong performance from its consumer-facing bedbanks.
Laterooms.com more than doubled the number of room nights booked, compared with H107, to 994,000 from 404,000. Total transaction value per bed night was 6% up.
Its international beach and city specialist Hotelopia accounted for 1.3m bednights, 18% ahead. It managed to lift TTV per bed night by 19%.