Trading Update stated:
Reports Summer 2017 closing out as expected with
Underlying EBIT expectations unchanged.
Overall summer group bookings +11%
UK bookings +8% (+6% Jul17)
Continental Europe bookings +13%
Winter 2017/18 programme is now 37% sold
Summer 2018 bookings and pricing are ahead of last year and reflect a good performance from the UK and Northern Europe.
FY17 results in line with current expectations. Separately,
TCG announces it has entered into a strategic partnership with LMEY Investments, a Swiss-based hotel property development company to develop and grow TCG’s own-brand hotel portfolio.
Thirdly, the group today announces that its CFO Michael Healy has decided to retire and the board has appointed Bill Scott, currently Director of Financial Reporting at TCG, as his successor.
As of 8:24am the stock was trading up c.0.58% at c.121.70p