StockMarketWire.com - Holiday company TUI Group said trading had remained in line with expectations despite the hot summer in its main markets and therefore confirmed its guidance for underlying earnings to rise at least 10% this year.

"The number of customers purchasing holidays from us has grown in all major markets, even with the sustained period of hot weather in Northern Europe this Summer," said Chief Executive of TUI Group, Friedrich Joussen.

The company also benefited from the return in demand for Turkey and North Africa and increased demand for Greece, offsetting normalising demand levels in Spain.

It said it had a "strong pipeline" of hotel openings for next year and expected to deliver on its plan to open some 60 additional hotels by the end of the full year 2019. Whilst at an early stage, trading for future seasons was also overall in line with its expectations.

The company would issue its annual report on 13 December.





Story provided by StockMarketWire.com