Company announcements in the travel industry: February 2024

Transcript

1. We’ve been all ears for recent company announcements to understand how trading is going for the travel sector. Here are a few things we’ve found interesting recently. February 2024
2. “Winter 2023/24 bookings currently up by 17%, compared to a 20.5% increase seat capacity... Summer 2024 package holiday bookings are currently 17% ahead of last year. Pricing is currently showing an increase compared to last year." Source: Jet2plc.com trading update Feb 2024
3. Source: Airbnb Q4 results 2023 “In Q4 2023, domestic travel comprised the largest travel corridor in all regions. While domestic travel remains strong, we continue to see cross-border travel increase relative to the peak of the pandemic.”
4. Source: eDreams ODIGEO Q3 FY24 "Just in the last 24 months, we added 3.4 million new subscribers. In October (2) Prime members (1) stood at 5.2 million.”
5. Source: Royal Caribbean Q4 FY23 "The 5 highest bookings weeks in the company’s history all happened in the last quarter...70% customers book at least one onboard activity before boarding."
6. Source: Saga trading update Jan 2024 “Ocean Cruise revenue growth is expected to be around 30% year-on-year, delivered through a load factor of 87% and per diem of £331, both significantly ahead of the 75% and £318 in the prior year.”
7. Source: TUI trading update Feb 2024 Source: Travel Weekly “Average selling price (ASP) continues to hold up well, highlighting the strong demand for our products and the consumers continued willingness to prioritise spend on travel and holidays.”
8. For more insights like this sign up to receive our newsletter. Plus, you’ll get guidance on strategic, regulatory and finance issues tailored for travel businesses. Sign up