Market outlook

Although customers are booking later in the current economic climate, there is still a strong demand from our customers for their main holiday.

We anticipate that market conditions will remain challenging and expect the later booking pattern to continue in the next financial year. In the long term there is every reason to believe that the demand for international travel will continue to grow strongly after the effects of the current economic downturn have receded, particularly in emerging market economies, and we are well placed to capture this growth.