TUI Travel strong ahead of merger
TUI Travel this morning reported underlying operating profit for the year ended 30 September of GBP654m, ahead of its own forecast of GBP640m and up 11% on the year.
VAT campaign to fight on
The Cut Tourism VAT campaign said that it would continue to battle for a reduction in the tax rate for tourism, despite being passed over in the Chancellor’s Autumn Statement.
UK hotel spend falls
British households spent less in 2013 on restaurants and hotels than in 2001/2, according to data from the Office for National Statistics.
Focus adds Shrewsbury hotel
Focus Hotels has taken over the management and ownership of the 87-room Mercure Shrewsbury Albrighton Hall hotel and spa for an undisclosed fee.
Services to bolster GDP
The services sector grew at its fastest rate for a year in November, according to the latest Markit/CIPS composite purchasing managers’ index.