TUI Travel Chief rebukes term “staycation”
October 13th, 2009 by elisa

TUI Travel Logo from Travel chief Peter Long has spoken out over claims from Hoseasons boss Richard Carrick that overseas operators are naïve and burying their heads in the sand over how the recession has impacted on consumer holiday habits.

The head of the tour operator will be taking a “prudent'” view over the next year; but he called the term staycation “stupid” and said people who took holidays in the UK this year were already booking to go abroad in 2010.

The CEO of TUI Travel, speaking at the ABTA Travel Convention in Barcelona, admitted that the repercussions of the economic downturn will be ongoing and that is why his group is taking a conservative view going forward.

“There is still a very strong desire for customers to take their holidays, however bookings are much closer to departure,” he said.

Long suggests the overriding problems for the travel industry are due to rising oil prices and the weakness of sterling together with the difficulty of aligning capacity to demand. “The biggest problem in our industry is over-supply,” he told convention delegates.

Long described TUI’s relationship with travel agents as being “sacrosanct” and said that would never change.

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