Company announcements in the travel industry: February 2024

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.”
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