Soaring household bills may be denting Britons' hunger for high street shopping but the annual holiday is safe, according to Europe's largest travel group.
Tui Travel, owner of Thomson and First Choice in the UK, said trading was strong and it has been able to hold its prices as people were not shortening or cancelling summer holidays. UK sales over the last six weeks were up 9% on a year ago. Tui said it had fewer holidays to sell compared with last year and winter holiday bookings were up 15%.
Peter Long, chief executive, said there was "no evidence of deteriorating consumer sentiment in our booking patterns, the average holiday duration booked, average selling price or cancellation rates". Tui also reported strong demand for premium holidays.
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