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Holidaybreak trading "broadly satisfactory"
Thu, 16 Oct, 2008
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Holidaybreak trading "broadly satisfactory"
Wed, 23 Jul 2008, 09:00:00
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Value
Percent
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Holidaybreak
229.00p
-8.31%
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Short breaks holiday specialist <b>Holidaybreak</b> has seen revenue growth across all of its divisions, although the hotel division has recently experienced a slow-down in the UK.<br /><br />The group said trading prospects for the current financial year remain &#8220;broadly satisfactory&#8221;, with year to date sales up 4% on last year.<br /><br />The group is now booked at 93% of target sales with &#8220;some key selling weeks remaining&#8221;. <br /><br />The recently formed Education division is the star performer of the group, with 2007/8 sales up 9% on a year ago. The division is already 40% booked for 2008/9 and showing a 3% year-on-year improvement in sales.<br /><br />The Hotel Breaks division has seen bookings slow recently in the UK, especially in London, although this is traditionally a slack period for the UK capital. <br /><br />The group noted this year there is no major exhibition such as Tutankhamun or the China Warriors to lure customers to London. Nevertheless, Hotel Breaks sales are currently running 3% higher than a year ago.<br /><br />Adventure Travel sales are also up 3%, while sales intake for 2008/9 is currently up 4% year-on-year with the division 20% booked. <br /><br />The Camping Division&#8217;s sales are up despite a 5% cut-back in capacity.
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