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Kuoni reports slump in booking levels

Tuesday, 21 April 20093 min read

Kuoni’s UK bookings are down 30%, according to the group’s latest figures.

Figures for April 12, due to be revealed at an Annual General Meeting today, showed UK booking levels are down 30% in Swiss franc terms.

In pound sterling, levels are down 11%.

The tour operator said its booking levels remain severely depressed by negative currency movements.

Booking levels for the group overall are down 23% below prior-year levels, or 12% down in local currency terms.

“This is a slight improvement on the booking figures published in mid-March 2009,” said a statement.

“The upward trend is attributable to a growing tendency among consumers to book later and at shorter notice.”

At today’s AGM, shareholders will be asked to approve the re-election of the chairman of the Board of Directors Henning Boysen.

Board member David J. Schnell is also standing for re-election.

Both Board members would be elected to serve for a three-year term.

The AGM will also be asked to approve the distribution of a dividend of CHF 2.00 per Registered Share A and CHF 10.00 per Registered Share B.

By Bev Fearis