United Kingdom
United States
Asia Pacific
MyTravel Summer 2004 bookings down
Bookings for summer 2004 are currently behind last year’s figures, MyTravel revealed today. The company claimed however that its bookings were “in line with the rest of the industry” and that margins are better than for summer 2003. MyTravel conceded that it could not return to profitability next year, but was working towards “significant improvement” in 2004 and a return to profitability the year after. The UK was responsible for most of this year’s disastrous performance, with an operating loss of £325.4million compared to a profit of £24.1 million a year earlier. The company said this was partly because of “poor pricing decisions” made the year before which led to lower margins on its brochure holidays than had been expected. It also blamed “cost control lapses” in its airline operation as well as weaker than expected summer trading due to the Iraq war and good summer weather. Chief executive Peter McHugh commented: “It is clear that we had significantly under-estimated the extent of the UK restructuring issues and the scale of the turnaround required is larger than originally envisaged.” Other relevant stories: 11-Dec-03: TravelMole Interview: Philip Jansen, MyTravel 11-Dec-03: Is MyTravel on the rocks? 11-Dec-03: MyTravel Summer 2004 bookings down
Tony from Gatto’s Pizza on Columbus’s Unique Pizza Trail
Sophia Hyder Hock on Global Social Inclusion in Tourism
Sustainable Tourism: Don Welsh on Community Values and Global Collaboration
Jane Cunningham: Enhancing European Engagement in Tourism
Kristin Dunne: Navigating Destination Strategy
Revolutionizing Mobile Connectivity: Boris Bijlstra on HUBBY eSIM
Capturing Glasgow’s Vibrancy: An Interview with Susan Deighan, Chief Executive of Glasgow Life
Lebua Hotel & Resorts: Rajan Khurana on Hospitality and Bangkok’s Charms
Sustainable Tourism and Growth: Insights from Chiravadee Khunsub from Tourism Authority of Thailand
Revolutionizing Travel: SmartSIM USA’s Dale Takio Unveils the Power of E Sims
TravelMole Interview with Hishan Singhawansa, Deputy CEO of Cinnamon Hotels & Resorts, Sri Lanka
Unveiling the Essence of Magari Tours: A Dive into Authentic Italian Experiences
Abercrombie & Kent hails $500 million funding boost
British Airways passengers endure 11-hour 'flight to nowhere'
CLIA: Anti-cruise demos could cause itinerary changes in Europe
Gatwick braces for strike
Co-pilot faints, easyJet flight issues ‘red alert’