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World

TUI outlook rosy as European tourists go west

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Opening sequence

World

TUI outlook rosy as European tourists go west

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COMING UP:TUI outlook rosy as European tourists go west

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Transcript

00:00:01
>> Holiday makers are still heading for the sun, but some have changed where they're going. Europe's largest tour operated TUI says tourists are choosing Spain, Greece and Mexico over troubled hot spots like Turkey, and to some extent, France. Europe's travel industry has been hit hard in recent months, security concerns and the uncertainty caused by Britain's decision to leave the EU the biggest worries, but Brits are still traveling despite the weak pound making the holidays around 10% more expensive.
00:00:32
Spain traditionally a strong market for TUI is enjoying a boom. Profits rose 1.1% in the third quarter and TUI expects a 10% increase over the year.