Holiday company TUI Group today lifted its 2015/16 core profit guidance, helped by strong demand from British tourists and a lower exposure than its biggest rival to Turkey which has been hit by security fears.
TUI said it would deliver underlying profit growth (EBITA) of between 12-13% at constant currency rates in the 12 months ended September 30.
This compared to an August forecast for growth of at least 10%.
Bookings from Britain were up 5% in the summer period, defying worries that the devaluation of the pound since the country voted for Brexit in June would deter people from going on holidays abroad.
The company said that demand for trips to Turkey was lower than last year, reflecting customer worries about security there after an attack on tourists in January and a failed coup in July.
TUI, Europe's largest tour operator, said its flexible model had helped it manage the shift in destinations.
This was in contrast to smaller competitor, Thomas Cook, which was more exposed to the country and in July was forced to downgrade its outlook.
Holidays to western Mediterranean destinations, such as Spain and the Balearic Islands, and trips further afield to places like the US, were popular in the summer period, TUI said.
For its next financial year, TUI said the winter period was trading in line with its expectations, with bookings up 5%, driven by demand for holidays to places like Mexico and the Dominican Republic, particularly from Britons.
