Government engagement can resume A NOTE FROM THE EDITOR
The past fortnight has seen some order restored to UK politics after the prolonged period of uncertainty following Boris Johnson’s resignation as prime minister in July. The financial markets have calmed. The pound has recovered value against the dollar and is back on a par with the euro. And now that we have almost a full team of ministers in post, the industry can finally resume its engagement with government. What a shame we had to go through the chaotic Truss premiership and disastrous mini-Budget to get to this point. We await the government’s financial statement on November 17 with
some trepidation, of course, as chancellor Jeremy Hunt is expected to announce up to £60 billion worth of tax rises and spending cuts to plug a hole in the public finances.
The Bank of England raised interest rates to 3% last week and now warns of a two-year
recession from the end of this year, leading Deloitte’s chief economist to warn of rising unemployment (back page). However, interest rates are not now expected to hit 6% by the middle of next year, but to settle nearer 4%, which will help. At the same time, agents and tour operators continue to report significant demand for holidays in what is always the quietest period of the year (page 4). New Tui group chief executive Sebastian Ebel outlined an ambitious strategy for growth when in London for World Travel Market this week (page 5). The show was its usual mix of colourful stands, crowded halls and rushed meetings. Despite the hectic pace, it was good to be back.
Lucy Huxley, editor-in-chief, Travel Weekly Group CONTENTS
NEWS Key ministers for travel announced
4 COVER photo
Claire Brighton, account director, and Brian
Young, chairman, with delegates at the Atas
conference in Warwick page 10
Photo: Steve Dunlop NEWS YOU CAN USE
Ticketpipe, Wizz Air, Omega Breaks 19 Insider Journeys, TruTravels
20 Celebrity, Aurora, Oceania, Riviera 24
THE QUEEN’S AWARDS FOR ENTERPRISE:
INTERNATIONAL TRADE 2020
FRONT COVER AND THIS PAGE: Shutterstock/Valentin Valkov, TippaPatt; Phillip Read; Steve Dunlop; Rüdiger Nehmzow
travelweekly.co.uk
FRONTLINE Your Stories Former care worker goes the extra mile for clients 28
FOLLOW US: @travelweekly
BUSINESS NEWS Results: Ryanair and Royal Caribbean 54 European Hotel Investment Conference: ›Labour scarcity ‘still top challenge’ 55 ‘Consumers face increasing squeeze’ 56
travelweeklyuk @travelweeklyuk 10 NOVEMBER 2022 3
Hike in interest rates ‘yet to hit bookings’ 4 Tui chief sets out ambitious growth plans 5 Classic recruits Freeth; Carnival’s Duffy 6 Great Rail Journeys; tours sales value 8 Special Reports
Atas Conference 2022, Warwickshire 10 SPAA Travel Awards 2022, Glasgow 12 Virgin Atlantic Tampa inaugural Royal Caribbean dinner, London comment
13 14
Steve Dunne: Find the ‘hidden budget’ 17
WHAT LUCY DID THIS WEEK
OWas honoured to present the leisure agent awards at the SPAA Awards in Glasgow last week.
OSpent Sunday in Southampton seeing Carnival Celebration – the line’s newest ship and first to be brought to the UK in 20 years!
ORaced from Qatar to Greece, then from Spain to Florida on day one of World Travel Market – with several other meetings in between.
agent diary
David Walker: The power of social media 29 competitions
Levi’s and shopping vouchers, e-bike 30 Get Social Indian visas, Palladium, Belleair, Freeth 31
DESTINATIONS Caribbean What’s New?: Now is the best time to sell Caribbean. Here’s our guide to the best new flights and openings 32
Mexico: Two all-inclusives reviewed 38 Aviation
Small Planes: Superjumbos are losing out to smaller aircraft over the Atlantic 46
Global: 5 of the best route relaunches 48
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