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Thomas Cook – Cuba and Bulgaria set to be the new hotspots for UK holidaymakers trying to avoid terror attacks
Cuba and Bulgaria are set to become the two new hotspots for UK holidaymakers who want to avoid the risk of terror attacks, according to Thomas Cook.
The firm’s chief executive Peter Fankhauser made the comments as he announced the tour operator’s annual outlook on Thursday.
Terror attacks across Europe have taken their toll, with the travel firm reporting a fall in revenue for the third quarter. Cuba and Bulgaria are set to become the two new hotspots for UK holidaymakers who want to avoid the risk of terror attacks, according to Thomas Cook (file photo) The company said that sales dipped eight per cent to £1.85billion following terrorist incidents in Turkey and Brussels while pre-tax losses grew to £64 million.
Meanwhile, summer bookings were down five per cent.
Fankhauser said: ‘While demand for most other destinations has been strong, demand for Turkey has been volatile and remains significantly below last year’s levels.
‘We have made further capacity cuts to Turkey for summer 2016 and switched this into alternative destinations including Spain, Bulgaria, Greece, Cuba and the USA.’ Chief Executive Peter Fankhauser said Thomas Cook will be looking to switch to ‘alternative destinations including Spain, Bulgaria, Greece, Cuba and the USA’ (file photo) Thomas Cook also flagged ‘significantly lower demand’ in Belgium as a result of the Brussels terror attacks.
Fankhauser said that while Brexit has had ‘no noticeable impact’ on bookings, Britain’s vote to desert the European Union has ‘added to a general sense of uncertainty – for our business and our customers alike’.
Thomas Cook also lowered its full year earnings guidance from between £310million and £335million to around £300million.
Laith Khalaf, senior analyst at Hargreaves Lansdown, said: ‘Thomas Cook is facing severe disruptions right now, with political upheaval, acts of terrorism, and the fall in the pound resulting from Brexit all serving to deter holidaymakers from travelling.
‘The company’s falling revenues were greeted by a strong rise in the share price, which is testament to just how low expectations were.’
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