Late bookings double for Lowcosttravel

The Lowcosttravelgroup has reported a strong lates market in the UK, with the value of transactions up 108% year on year and bookings up 122% since May 1.


The figures come on the back of improved half-year results for Lowcosttravel for the six months to the end of April, with the group reporting a 120% year-on-year jump in transaction revenue to £35.4 million.


Pre-tax earnings were £608,000 compared with a loss of £105,000 in the same period a year ago.


The figures include a contribution from transfer business ResortHoppa, acquired by Lowcosttravel in January. Like-for-like figures for lowcostholidays and lowcostbeds show revenue up 90% on a year ago to £30.5 million and passengers up 85% to 164,344.


Chief executive Paul Evans said the group’s trade and consumer businesses were both working well and forecasts had been upgraded in line with the figures. 


 

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