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UK overseas travel market ‘fragile’
Jun 25th, 2011 by jason

In terms of consumer confidence the UK is the most fragile of the 25 markets in which TUI operates, the travel giant’s chief executive Peter Long has told MPs.

Holidays play a major part in the nation’s happiness, said Long, but problems undermining the travel market include rising fuel prices, increased taxation and a fall in the pound’s value against foreign currencies.

TUI has repeatedly called for the Government to replace air passenger duty with a per plane tax. That would reward charter airlines that operate modern, fuel-efficient aircraft with high load factors, said Mr Long.

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